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    215 W Vernon Avenue

    Los Angeles (City), CA 90037
    • $890,000
    • STATUS: Active
    • ON SITE: 146 days
    • ID#: CV21049827
    UPDATED: 62 min ago
    $890,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,621
      SQFT
    • $193
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION NOW ONLY $890,000. The subject property # 1 building 2-story, multi-tenant (4 Plex) # 2 is a detached home with 1 bedroom I bath. This 4,621 square foot value-add building sits on a 5,881 square foot lot. Close to the corner of Broadway & Vernon. Sits at the busy, high-traffic intersections of Broadway and Vernon (physical address is 215 W Vernon Avenue. and is accessible from Vernon Avenue, This subject property is zoned LA C2. The front building consists of 4 apartment units, plus a detached 1 bedroom 1 bath house in the rear. pictures available. All units are one-bedroom I full bath and bonus room.The tenants are great and they pay on time. The units require very little maintenance and have a high rental potential. There are separate meters for gas and electricity and water. Owner pay for trash only. This building is close to shops, restaurants, and public transportation and is located near Exposition Park and The California Science Center, Grand Central Market, USC, Staples Center, Dodger Stadium and The Colosseum which provides a great opportunity to get into a high income producing building before the 2028 Summer Olympics come to Los Angeles. Please do not disturb the tenants. All offers subject to interior inspection. ( TOTAL MONTHLY INCOME $3,000.00 ) ( Total $36,000 per year) THE TENANTS PAY FOR ALL UTILITY BILLS EXCEPT TRUSH.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/114921447
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    215 W Vernon Avenue Los Angeles (City), CA 90037

    • Price: $890,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: CV21049827
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,621
    SQFT
    $193
    $/SQFT
    1948
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    HUGE PRICE REDUCTION NOW ONLY $890,000. The subject property # 1 building 2-story, multi-tenant (4 Plex) # 2 is a detached home with 1 bedroom I bath. This 4,621 square foot value-add building sits on a 5,881 square foot lot. Close to the corner of Broadway & Vernon. Sits at the busy, high-traffic intersections of Broadway and Vernon (physical address is 215 W Vernon Avenue. and is accessible from Vernon Avenue, This subject property is zoned LA C2. The front building consists of 4 apartment units, plus a detached 1 bedroom 1 bath house in the rear. pictures available. All units are one-bedroom I full bath and bonus room.The tenants are great and they pay on time. The units require very little maintenance and have a high rental potential. There are separate meters for gas and electricity and water. Owner pay for trash only. This building is close to shops, restaurants, and public transportation and is located near Exposition Park and The California Science Center, Grand Central Market, USC, Staples Center, Dodger Stadium and The Colosseum which provides a great opportunity to get into a high income producing building before the 2028 Summer Olympics come to Los Angeles. Please do not disturb the tenants. All offers subject to interior inspection. ( TOTAL MONTHLY INCOME $3,000.00 ) ( Total $36,000 per year) THE TENANTS PAY FOR ALL UTILITY BILLS EXCEPT TRUSH.
    Exterior Features

    Construction Materials DrywallFrameStucco Fencing Wrought Iron Lot Features 0-1 Unit/AcreFront YardLot Over 40000 SqftNear ParkNear Public TransitPavedRectangular Lot Sign On Property YN No

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features Park Gross Scheduled Income 36000 Insurance Expense 1200 Laundry Features Electric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeSubmitTrade Number Of Units Leased 5 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S) Special Listing Conditions Standard Water Source Public Zoning Lac2

    Listing provided courtesy of Rosalba Farias of Re/Max Champions


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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