7530 Gaviota Ave, Los Angeles, CA 91406
7530 Gaviota Ave, Los Angeles, CA 91406,Video Tour
7530 Gaviota Ave, Los Angeles, CA 91406
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$1,192,500
Est. payment /mo
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3 Beds
3 Baths
1,873 SqFt
Price Dropped by $2K

7530 Gaviota Ave Los Angeles, CA 91406

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Juliana McCormick

Juliana McCormick

+1(702) 202-9709

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,873 sqft

Price per Sqft $636

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

TWO RESIDENCES. MULTIPLE POSSIBILITIES. A SELLER READY TO GET CREATIVE! Offered at $1,195,000, 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.

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

Virtual Tour https://www.zillow.com/view-imx/b845ffad-ce0c-487f-9b65-4926b39a6918?wl=true&setAttribution=mls&initialViewType=pano

TheMLS (CLAW)
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

NEARBY SCHOOL & BUSINESS

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Juliana McCormick

Juliana McCormick

Realtor S.00 45715

+1(702) 202-9709

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7530 Gaviota Ave