$947,500

1467 W Vernon Avenue, Los Angeles, CA 90062

7,369

Lot Size

4

# Of Units

We are pleased to present a 4-unit multi-family asset located in the Vermont Square neighborhood of South Los Angeles. A short 15-minute drive to Downtown Los Angeles and centrally located near 2 major freeways, the subject property gives tenants convenient access to the 10 and 110 Freeways. The property also sits about 1.2 miles south-west from the Los Angeles Memorial Coliseum, and just over 2 miles south from USC. Comprised of approximately 3,372 rentable square feet on a 7,369 square foot lot, the building features one 3-bedroom unit (*1-bedroom per title) that will be delivered non-occupied, and three oversized 1-bedroom additional units. The one non-occupied unit, which fully rehabbed could command a rent of $2,450 (*buyer to verify), allows an investor to achieve market rent for that unit. This is a great opportunity to acquire a desirable multi-family asset with substantial upside and potential for an ADU development in an up-and-coming neighborhood of Los Angeles and could be a great addition to any investor's portfolio

Facts & Features

MLS® # PW21115127
Price $947,500
Bathrooms 0.00
Lot Size 7,369
Year Built 1914
Type Residential Income
Status Pending
# Of Units 4

Community Information

Address 1467 W Vernon Avenue
Area C37 - Metropolitan South
City Los Angeles
County Los Angeles
State CA
Zip Code 90062

Amenities

Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description 2-5 Units/Acre

Additional Information

Date Listed May 10th, 2021
Days on Market 82
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAlex Colombo
OfficeLyon Stahl Investment Real Est

Listing Map

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