205 W Vernon AVE, Los Angeles, CA 90037
205 W Vernon AVE, Los Angeles, CA 90037
205 W Vernon AVE, Los Angeles, CA 90037
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$895,000
Est. payment /mo
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5 Beds
7 Baths
3,655 SqFt
New

205 W Vernon AVE Los Angeles, CA 90037

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,655 sqft

Price per Sqft $244

MLS Listing ID 26104765

Bedrooms 5

HOA Y/N No

Year Built 1907

Lot Size 5,880 Sqft

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 7.91 GRM on current rents with upside potential to achieve an 8.31% CAP and 6.24 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 studio and a one-bedroom unit will be delivered VACANT at closing. 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

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Assigned, Uncovered

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate License ID: 01910957

+1(559) 312-7467

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205 W Vernon AVE