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    153 W Vernon Ave

    Los Angeles, CA 90037
    • $1,075,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 20-604668
    $1,075,000
    • 8
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,116
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    FANTASTIC INVESTMENT with excellent cash flow in Opportunity Zone near Downtown Los Angeles! This charming updated Craftsman style five-unit property consists of two structures, two-story front building with three units and a detached single story duplex in the back. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides excellent cash flow with additional 15% upside potential in rents and very low maintenance. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The 3+2 remodeled unit has laundry inside. The property is located in fast growing neighborhood of Downtown Los Angeles Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and it has easy access to all major freeways. All units are tenant occupied, NO vacancies. Drive by only, offers subject to interior inspection. Please do not disturb the tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T23:42:23.057. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107888334
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    153 W Vernon Ave Los Angeles, CA 90037

    • Price: $1,075,000
    • Status: Active
    • ID#: 20-604668
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,116
    SQFT
    $345
    $/SQFT
    1921
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    FANTASTIC INVESTMENT with excellent cash flow in Opportunity Zone near Downtown Los Angeles! This charming updated Craftsman style five-unit property consists of two structures, two-story front building with three units and a detached single story duplex in the back. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides excellent cash flow with additional 15% upside potential in rents and very low maintenance. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The 3+2 remodeled unit has laundry inside. The property is located in fast growing neighborhood of Downtown Los Angeles Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and it has easy access to all major freeways. All units are tenant occupied, NO vacancies. Drive by only, offers subject to interior inspection. Please do not disturb the tenants.
    Exterior Features

    Lot Size Area 5006 Other Structures None Parking Garage Driveway Style Craftsman Total Parking 2

    Interior Features

    Baths Total 6.00 Common Walls Attached Cooling None Equipment Ceiling FanHood FanRange/OvenRefrigerator Flooring MixedTileLaminate Heating Wall

    Property Features

    Assessed Total Value 350141 Gross Income 84660 Gross Operating Income 84660 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 66362.00 Number Of Buildings 2 Number Of Units 5 Owner Pays Water Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 18297 Type Of Units Residential Water Public Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Gabriela Manakova DRE#01327946 of Innovative Property Strategies.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T23:42:23.057. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355