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$ 895,000
Est. payment | /mo
5 Beds
7 Baths
3,655 SqFt
$ 895,000
Est. payment | /mo
5 Beds
7 Baths
3,655 SqFt
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
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
NEARBY SCHOOLS & PROPERTIES
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Marissa Perez
Broker License ID: 01814964