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$895,000

FOR SALE
Active

205 W Vernon Avenue

Los Angeles, CA

MLS# 26104765

3,655 Sq Ft5bd • 7ba
6 days on marketNalren refreshed

Listing Agent

Casey Lins

Listing Agent

Kidder Mathews of California, Inc.

DRE #: 01902650

(858) 369-3010

Brokerage: Kidder Mathews of California, Inc.

Vincent Cook

Co-Listing Agent

Kidder Mathews of California, Inc

DRE #: 02012324

Brokerage: Kidder Mathews of California, Inc

Property Details

5

Bedrooms

7

Bathrooms

3,655 sqft

Square Feet

1907

Year Built

5,881 sqft

Lot Size

$245

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

We are pleased to present this 7-unit apartment community located at 205 W Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at a 7.91 GRM on current rents with upside potential to achieve an 8.31% CAP and 6.24 GRM with proforma rents. This opportunity consists of a two-story building offering a total of 3,655 rentable square feet. Built in 1907, the property is situated on a 5,881-square-foot LAC2 zoned lot with five uncovered parking spaces in the rear. The unit mix consists of one (1) two-bedroom one-bathroom unit, three (3) one-bedroom one-bathroom units, and three (3) studio units, with 4 out of 7 units having been renovated. One studio and a one-bedroom unit will be delivered VACANT at closing. 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.

Facts & Features

Building

Year Built
1907
Living Area
3,655 sqft
Building Area Total
3,655
Levels
Two
Stories Total
2

Utilities

Heating
Wall Furnace
Cooling
None

Parking

Parking Features
Assigned, Uncovered
Parking Total
5

Community / HOA

HOA
No

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