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5-Bedroom ResidentialIncome — 1474 W Vernon Avenue, Los Angeles, CA

$998,000

1474 W Vernon Avenue, Los Angeles, CA

$998,000 — 1474 W Vernon Avenue, Los Angeles, CA — photo 1 $998,000 — 1474 W Vernon Avenue, Los Angeles, CA — photo 2 $998,000 — 1474 W Vernon Avenue, Los Angeles, CA — photo 3 $998,000 — 1474 W Vernon Avenue, Los Angeles, CA — photo 4 $998,000 — 1474 W Vernon Avenue, Los Angeles, CA — photo 5
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About this property

Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 5.7 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.

Property details

Bedrooms
5
Bathrooms
3
Square feet
2,263
Year built
1911
Property type
ResidentialIncome

Location

1474 W Vernon Avenue • Los Angeles, CA 90062

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Listed by

Jennifer Stein · Keller Williams Realty Santa Barbara

Listing courtesy of Keller Williams Realty Santa Barbara. Information deemed reliable but not guaranteed.

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