458 W Vernon Avenue
Los Angeles, CA 90037
0.12 acres | #SB23206816
Description
458 Vernon Ave is a 4Plex that will be delivered FULLY VACANT by Close of Escrow. All units have been
cleaned up and renovated for new tenants to move
in. The property is comprised of an ideal unit mix of (2)
1Bed/1Bath, (2) 2Bed/1Bath units and delivered with Fully Approved LADBS ADU
plans for (2) 3Bed/2Bath RTI. The asset will operate at a 7.2% Cap Rate Day 1. After Building the ADUs, this
property will operate at a 9.3% Cap rate and 7.8 GRM! (Including Estimated Construction Costs)
With all four units currently
renovated and tenant ready, this asset will
immediately cash flow and is fit for any investor
looking for stable income and the opportunity to add
value through the process of ADUs.
Located in a rapidly growing neighborhood of Los
Angeles, 458 Vernon is steps away from USC, BMO
Stadium, Los Angeles Memorial Coliseum and
Downtown LA.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Aaron Jacobson (#SBJACOAAR)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
Listing Courtesy (Buyer)
Buyer's Agent: EDMOND WU (#W74500)
