5
Bedrooms
$895,000
FOR SALELos Angeles, CA
MLS# 26104765
Casey Lins
Listing Agent
Kidder Mathews of California, Inc.
DRE #: 01902650
(858) 369-3010Brokerage: Kidder Mathews of California, Inc.
Vincent Cook
Co-Listing Agent
Kidder Mathews of California, Inc
DRE #: 02012324
Brokerage: Kidder Mathews of California, Inc
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
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.
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205 W Vernon Avenue
Contact Listing Agent