7530 & 7532 Gaviota Avenue,Los Angeles, CA 91406
Los Angeles, CA 91406
Description
TWO RESIDENCES. MULTIPLE POSSIBILITIES. A SELLER READY TO GET CREATIVE! Offered at $1,192,500, this substantially improved, fully vacant two-residence property presents an exceptional opportunity for investors, owner-occupants, and buyers seeking flexibility in today's market. The seller is open-minded and willing to consider creative proposals that make sense for both parties, including a traditional purchase, lease-option, leasing one or both residences, or potentially a cash-to-existing-financing structure utilizing an attorney-drafted subject-to agreement, where legally permissible and acceptable to all parties. The property features a beautifully renovated 2-bedroom, 2-bath main residence plus a permitted, newly constructed 1-bedroom, 1-bath ADU with private access and its own outdoor area. The main residence also offers a former third bedroom with a closet, now configured as a flexible office, den, or creative workspace. Major improvements include plumbing, electrical, HVAC, sewer connection to the ADU, tankless water heater, pool finish, landscaping, gates, driveway, and more. Additional features include a private swimming pool, multiple outdoor spaces, and off-street parking for up to three vehicles. Both residences are vacant, with projected combined rental income of approximately $7,390 per month, or $88,680 annually. Based on projected rents and expenses, the property calculates to an estimated 13.48 pro forma GRM and 5.2% pro forma cap rate. Purchase it. Lease it. Live in one and rent the other. Bring your ideas. The seller is prepared to consider a well-structured proposal from the right buyer or investor. Any creative financing arrangement is subject to negotiation, legal documentation, applicable loan provisions, and approval of the parties. Existing financing is not represented as assumable. Financial projections are estimates only and should be independently verified.
Details
| MLS # | 26943911 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 58 |
| Listing Provided By | Epique Realty | Roddy de la Garza |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,873 |
| Pool | Yes |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Zoning | LAR1 |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central, Electric, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, Open Floorplan, Recessed Lighting, Utility Room |
| Window Features | Double Pane Windows |
| Appliances | Dishwasher, Disposal, Microwave, Oven, Range |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors |
|---|---|
| Construction Materials | Stucco, Wood Siding |
| Foundation Details | Raised, Slab |
| Lot Features | Back Yard, Lawn, Rectangular Lot |
Parking
| Parking Features | Driveway |
|---|
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91406 |
| Area | LKBL Lake Balboa |
| Listing VS Median (in 91406) | |
Price: $1,192,500 low | high Med: $699,999 sqft: 1,873 low | high Med: 1,780 $ / sqft: $637 low | high Med: $393 On site: 58 low | high Med: 208 | |
Market Activity 91406
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91406 |
| Area | LKBL Lake Balboa |
| Listing VS Median (in 91406) | |
Price: $1,192,500 low | high Med: $699,999 sqft: 1,873 low | high Med: 1,780 $ / sqft: $637 low | high Med: $393 On site: 58 low | high Med: 208 | |
