153 W Vernon Avenue, Los Angeles, California 90037
  • $1,075,000

Overview

Property ID: 20604668
  • Residential Income
  • Property Type
  • 3116 Sqft
  • Area Size
  • 1921
  • Year Built

Description

FANTASTIC INVESTMENT with excellent cash flow in Opportunity Zone near Downtown Los Angeles! This charming updated Craftsman style five-unit property consists of two structures, two-story front building with three units and a detached single story duplex in the back. It’s well located on Vernon Avenue near Expo Line and 110 freeway. It provides excellent cash flow with additional 15% upside potential in rents and very low maintenance. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The 3+2 remodeled unit has laundry inside. The property is located in fast growing neighborhood of Downtown Los Angeles Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and it has easy access to all major freeways. All units are tenant occupied, NO vacancies. Drive by only, offers subject to interior inspection. Please do not disturb the tenants.

  • Address: 153 W Vernon Avenue
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90037
  • Country: US

Details

Updated on April 30, 2021 at 1:25 pm
  • Property ID 20604668
  • Price $1,075,000
  • Property Size 3116 Sqft
  • Land Area 0.11 Acres
  • Year Built 1921
  • Property Type Residential Income
  • Property Status Closed

Additional details

  • Cooling None
  • Heating Wall Furnace
  • Flooring Laminate, Tile
  • County Los Angeles
  • Property Type Residential Income
  • Parking Driveway
  • Community Features Gated
  • Architectural Style Craftsman

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