ResidentialIncome — 1361 W Vernon Avenue, Los Angeles, CA
$690,000
1361 W Vernon Avenue, Los Angeles, CA
About this property
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.
Property details
Location
1361 W Vernon Avenue • Los Angeles, CA 90037
Listed by
JOSEPHINE SAN LUCAS · KELLER WILLIAMS LARCHMONT