About 711 E Vernon Avenue
We are pleased to present this 9-unit apartment community located at 711 E Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at an 8.13 GRM and 7.81% CAP on current rents with upside potential to achieve a 10.07% CAP and 6.79 GRM with pro forma rents. This opportunity consists of a two-story building offering a total of 5,184 rentable square feet. Built in 1929, the property is situated on a 4,697 square foot LARD1.5 zoned lot with alley access. The unit mix consists of one (1) three bedroom one-bathroom unit and eight (8) one bedroom one-bathroom units with 6 out of 9 units having been renovated. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superiors Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
Features of 711 E Vernon Avenue
| MLS® # | 25593183 |
|---|---|
| Price | $1,500,000 |
| Sold Price | $1,450,000 |
| Bedrooms | 11 |
| Bathrooms | 9.00 |
| Square Footage | 5,184 |
| Lot Sqft | 4,697 |
| Acres | 0.11 |
| Year Built | 1929 |
| Type | Residential Income |
| Status | Closed |
| # Of Units | 9 |
Community Information
| Address | 711 E Vernon Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90011 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Driveway |
| Garages | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | September 16th, 2025 |
|---|---|
| Date Sold | December 3rd, 2025 |
| Days on Market | 28 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Casey Lins |
|---|---|
| Office | Kidder Mathews of California, Inc. |