Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$975,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
5
Square Ft.
3,655
Lot Size
0.14 Acres
Year Built
1907
MLS Number
25626981
Additional Details
Building
Built in 1907, Living area: 3655.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $135,020, Net Operating Income: $69,028
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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