$ 698,000
-
$698,000
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 1 unit VACANT offering 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 collecting $1280, a 1 bedroom 1 bath collecting $1188 and a Large -ready to move in 1 bedroom 1 bath thats vacant and can rent for $2000 Recent improvements include new roofs and copper plumbing, 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
Active
Days on Site
3
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: 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
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Questions About..
1361 W Vernon Ave Los Angeles, CA 90037
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