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153 W Vernon Ave

Los Angeles, CA 90037
  • $1,250,000
  • STATUS: Active Under Contract
  • ON SITE: 17 days
  • ID#: 21-736740
Under Contract
UPDATED: 53 min ago
$1,250,000
  • 7
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,116
    SQFT
  • $401
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1921
County:

School Ratings & Info

Description

Welcome to this beautiful five unit investor's dream near Downtown L.A. The front building features a 3 Bedroom/2 Bath Unit, a 2 Bedroom/Den/1 Bath Unit and a 1 Bedroom/1 Bath Unit and the duplex in the back has two 1 Bedroom/1 Bath Units. 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 tenants are great and they pay on time. The units require very little maintenance and have a high rent potential. There are separate meters for gas and electricity and tenants pay for trash. 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T06:43:09.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.corrieluxuryhomes.com/homes/117618692
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153 W Vernon Ave Los Angeles, CA 90037

  • Price: $1,250,000
  • Status: Active Under Contract
  • Updated: 53 min ago
  • ID#: 21-736740
7
Beds
0
Baths
0
½ Baths
0.11
Acres
3,116
SQFT
$401
$/SQFT
1921
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Welcome to this beautiful five unit investor's dream near Downtown L.A. The front building features a 3 Bedroom/2 Bath Unit, a 2 Bedroom/Den/1 Bath Unit and a 1 Bedroom/1 Bath Unit and the duplex in the back has two 1 Bedroom/1 Bath Units. 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 tenants are great and they pay on time. The units require very little maintenance and have a high rent potential. There are separate meters for gas and electricity and tenants pay for trash. 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.
Exterior Features

Lot Size Area 5006 Other Structures None Parking Garage Driveway Style Craftsman Total Parking 2

Interior Features

Baths Total 5.00 Cooling None Equipment Ceiling FanRefrigeratorRange/OvenHood Fan Flooring TileMixedLaminate Heating Wall

Property Features

Assessed Total Value 793825 Gross Income 89700 Gross Operating Income 89700 Insurance Expense 2400.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 70800.00 Number Of Buildings 2 Number Of Units 5 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Trash CollectionElectricity Total Annual Expense 18900 Type Of Units 5 Water Public Water Expense 6000.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Deborah Perkins DRE# of Corcoran Global Living.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T06:43:09.893. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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