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$1,195,000

Est. payment - /mo

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3 Beds

3 Baths

1,473 SqFt

Open Sat 10AM-12PM

7530 Gaviota Ave Los Angeles, CA 91406

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

Open House

Sat Sep 05, 10:00am - 12:00pm

Sun Sep 06, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,473 sqft

Price per Sqft $811

MLS Listing ID 26943911

Style Modern

Bedrooms 3

Construction Status Updated/Remodeled, New Construction

Year Built 1948

Lot Size 7,433 Sqft

Acres 0.1706

Property Sub-Type Multi-Family

Property Description

A RARE, FULLY VACANT TWO-RESIDENCE INCOME PROPERTY WITH PROJECTED COMBINED RENT OF APPROXIMATELY $7,390 PER MONTH. No existing tenants, no existing leases, and no waiting for units to become available. The next owner can select tenants, establish rents, and put both residences to work immediately. Offered at $1,195,000 with projected annual gross income of approximately $88,680, the investment calculates to a 13.48 pro forma GRM and an estimated 5.2% pro forma cap rate based on projected rents and expenses. The property combines a substantially renovated 2-bedroom, 2-bath main residence with a permitted, NEW-CONSTRUCTION 1-bedroom, 1-bath ADU with private access and its own outdoor area. The main residence also features a former third bedroom with a closet, now configured as a flexible work, office, den, or podcasting space, an especially useful feature for today's work-from-home lifestyle. Major improvements include plumbing, electrical, HVAC, sewer to ADU, tankless water heater, pool finish, landscaping, gates, driveway, and more. Projected rents are approximately $4,895/month for the main residence and $2,495/month for the ADU. The seller may be willing to install utility submetering as negotiated with the buyer. Additional features include a private swimming pool, multiple outdoor areas, and off-street parking for up to three vehicles. For an investor, this is an opportunity to acquire two improved residences completely vacant and establish a rental program from a clean slate. For an eligible owner-occupant, the property may also offer the opportunity to live in one residence, rent the other, and explore low-down-payment FHA or VA financing, with qualifying ADU income potentially considered by the lender, subject to applicable program requirements. Projected rental income, NOI, GRM, and cap rate are pro forma estimates only and should be independently verified by the buyer and their agent.

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LAR1

Rooms

Other Rooms None

Dining Room 0

Kitchen Remodeled, Stone Counters, Open to Family Room

Interior

Interior Features Open Floor Plan, Recessed Lighting

Heating Central, Electric, Wall

Cooling Air Conditioning, Central, Wall Unit(s)

Flooring Wood Laminate

Fireplaces Type None

Equipment Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Range/Oven

Laundry Laundry Area, In Unit

Exterior

Parking Features Driveway

Garage Spaces 3.0

Pool Fenced, Private

Waterfront Description None

View Y/N Yes

View Walk Street

Building

Lot Description Back Yard, Fenced Yard, Lot Shape-Rectangular, Lawn, Single Lot, Walk Street

Story 1

Foundation Slab, Raised

Sewer In Connected and Paid

Water Public

Architectural Style Modern

Level or Stories One

Structure Type Stucco, Wood Siding

Construction Status Updated/Remodeled, New Construction

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Epique Realty

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