$ 1,500,000
-
$1,500,000
Price -
8
Bed -
6
Bath -
5,184
SqFt
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About the Listing CLW-X82410 - CLW-C128038,SBCOOKVIN
We are pleased to present this 9-unit apartment community located at 711 E Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at an 8.13 GRM and 7.81% CAP on current rents with upside potential to achieve a 10.07% CAP and 6.79 GRM with pro forma rents. This opportunity consists of a two-story building offering a total of 5,184 rentable square feet. Built in 1929, the property is situated on a 4,697 square foot LARD1.5 zoned lot with alley access. The unit mix consists of one (1) three bedroom one-bathroom unit and eight (8) one bedroom one-bathroom units with 6 out of 9 units having been renovated. 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.
Listing Highlights for 711 E Vernon Ave
Status
Active With Contingency
Days on Site
39
Property Type
Multi-Family
MLS ®
25593183
Year Built
1929
Total Square Footage
5,184
Lot/Acreage
0.11
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 8
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 1
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5115011026
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
711 E Vernon Ave Los Angeles, CA 90011
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