$ 690,000
-
$690,000
Price -
4
Bed -
3
Bath -
1,892
SqFt
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About the Listing 98700 - M440698
Three separate units located in Vermont Square with 2 units DELIVERED VACANT . One unit offers immediate income with upside potential for rent growth or future redevelopment. Perfect for Owner -User or due to zoning flexibility perfect for investors, value-add buyers, and long-term redevelopment strategist. Property feautures a 2 bedroom 1 bath house that will be delivered vacant and has a projected rent of $2500 ! . A 1 bedroom 1 bath collecting rent and a Large -ready to move in -already vacant 1 bedroom 1 bath that can rent for $2000 Recent improvements include new roofs , copper plumbing and tankless water heaters enhancing long-term durability and reducing near-term capital expenses. The RD-1.5 zoning, allowing commercial, residential, or mixed-use development, offers the best of both worlds for future development potential while remaining financeable, as rebuild letter is available (buyer to verify). Yet location is residential having a school across the street but its alley access provides for up to 6 parking spaces or a possible future ADU leaving room for growth ! Excellent opportunity to acquire a versatile multi-unit property in a high-demand central Los Angeles location, just minutes from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and Downtown LA.
Listing Highlights
Status
Pending
Days on Site
55
Property Type
Multi-Family
MLS ®
MB26023686
Year Built
1923
Total Square Footage
1,892
Lot/Acreage
0.15
County
Los Angeles
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Combination
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Front Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: Repairs Cosmetic,2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5020007019
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
1361 W Vernon Ave Los Angeles, CA 90037
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