Skip To Content

W Vernon Ave

Los Angeles, CA 90037
  • $1,100,000
  • STATUS: Pending
  • ON SITE: 29 Days
  • ID#: 21-789098
Pending
$1,100,000
  • 7
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,630
    SQFT
  • $418
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present this four unit apartment complex in the Chesterfield Square submarket of South Los Angeles. It is located just west of Vermont Avenue on Vernon, and just a few blocks south of USC and the Coliseum. The property consists of two - one bedroom, one - two bedroom and one - three bedroom apartments totaling 3,574 square feet. The buildings are situated on a large, 9,754 square foot lot which is zoned LAR3. Current zoning allows for potential development opportunities in the future. The income is $5,913 per month leaving a new owner plenty of upside in the rents upon turnover. This is an excellent opportunity for new or experienced investors. Please make all offers subject to inspection and be sure to include supporting documents like current proof of funds. Please do not walk on property or disturb tenants in any way.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. 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.theparsonsrealestateteam.com/homes/121886852
Print Image

W Vernon Ave Los Angeles, CA 90037

  • Price: $1,100,000
  • Status: Pending
  • ID#: 21-789098
7
Beds
0
Baths
0
½ Baths
0.22
Acres
2,630
SQFT
$418
$/SQFT
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
We are pleased to present this four unit apartment complex in the Chesterfield Square submarket of South Los Angeles. It is located just west of Vermont Avenue on Vernon, and just a few blocks south of USC and the Coliseum. The property consists of two - one bedroom, one - two bedroom and one - three bedroom apartments totaling 3,574 square feet. The buildings are situated on a large, 9,754 square foot lot which is zoned LAR3. Current zoning allows for potential development opportunities in the future. The income is $5,913 per month leaving a new owner plenty of upside in the rents upon turnover. This is an excellent opportunity for new or experienced investors. Please make all offers subject to inspection and be sure to include supporting documents like current proof of funds. Please do not walk on property or disturb tenants in any way.
Exterior Features

Direction Faces South Lot Size Area 9754 Other Structures None Parking Garage Driveway Style Craftsman Total Parking 4 View Description None View YN No

Interior Features

Baths Total 4.00 Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 276531 Gross Income 70980 Gross Operating Income 70980 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 51106.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 19874 Type Of Units Apartment Water Heaters YN Yes Zoning Lar3

Listing provided courtesy of Jerome McAlpin DRE#00939725 of Mcalpin & Company.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. 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.
 
Logo
The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101