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$ 975,000
Est. payment /mo
New
205 W Vernon AVE Los Angeles, CA 90037
5 Beds
7 Baths
3,655 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,655 sqft
Price per Sqft $266
MLS Listing ID 25626981
Bedrooms 5
HOA Y/N No
Year Built 1907
Property Description
We are pleased to present this 7-unit apartment community located at 205 W Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at a 7.22 GRM and 7.08% CAP on current rents with upside potential to achieve an 8.85% CAP and 6.35 GRM with proforma rents. This opportunity consists of a two-story building offering a total of 3,655 rentable square feet. Built in 1907, the property is situated on a 5,881 square foot LAC2 zoned lot with five uncovered parking spaces in the rear. The unit mix consists of one (1) two bedroom one-bathroom unit, three (3) one bedroom one-bathroom units and three (3) studio units with 4 out of 7 units having been renovated. One (1) one bedroom unit will be delivered VACANT. 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Fireplace No
Exterior
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5111010017
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc.
