1045 W Vernon Avenue, Los Angeles, CA 90037

About this property

We are pleased to present this four unit apartment complex in the Chesterfield Square submarket of South Los Angeles. It is located just west of Vermont Avenue on Vernon, and just a few blocks south of USC and the Coliseum. The property consists of two-one bedroom , one-two bedroom and one-three bedroom apartments totaling 3,574 square feet. The buildings are situated on a large, 9,754 square foot lot which is zoned LAR3. Current zoning allows for potential development opportunities in the future. The income is over $7,000 per month and there is still plenty of upside upon turnover. This is an excellent opportunity for new or experienced investors. Please make all offers subject to inspection and be sure to include supporting documents such as Pre-Approval and current Proof of Funds. Please do not walk the property or disturb tenants in any way.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,090,000

Sold May 2023 · listed $1,150,000, on market January 2023 · MLS #23236567 · Source: CRMLS

Listing Agent: Jerome McAlpin · Listing Office: McAlpin & Company · Contact: 310-437-4172 · Bought with: Jay Lerer · RE/MAX ESTATE PROPERTIES

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