5350 Verona Street, Los Angeles, CA 90022
Property
Sold August 2023
Listing Agent: Jason Tuvia (DRE #01772495) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jason Tuvia · Marcus & Millichap · MLS #23297073 · Source: CRMLS
About this property
We are pleased to present an eight (8) unit apartment building located at 5350 Verona Street in Los Angeles, California. The subject property is situated in a good East Los Angeles location, north of E Olympic Boulevard and east of S Atlantic Boulevard. Built in 1929, this property contains a solid unit mix of five (5) studio / one-bathroom units and three (3) one-bedroom / one-bathroom units. This character, Spanish style building features separate gas and electricity meters for each unit, and an additional meter for the common areas. Limited on-site parking is available at the rear of the building along with two (2) garage storage spaces that can be converted into multiple ADU unit(s). Tenants will enjoy the close proximity from the subject property to major commercial corridors on Whittier Boulevard and East Olympic Boulevard. In less than five (5) minutes, tenants can walk to the Commerce Center Shopping Mall for all purposes. Some amenities at the mall include Target, Happiness Clothing, Xtreme Wear, Ross, Churros Don Abel, and Starbucks. Outdoor recreation is also available nearby at the Montebello Country Club. Situated in a good East Los Angeles location, this offering presents an excellent opportunity for any investor capitalize on incredible rental upside potential in addition to building out multiple ADU unit(s) in a well-connected transportation hub of Los Angeles.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history