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 7.22 GRM and 7.08% CAP on current rents with upside potential to achieve an 8.85% CAP and 6.35 GRM with proforma rents. This… Read More 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 (1) one bedroom unit will be delivered VACANT. 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. Read Less
Courtesy of Kidder Mathews of California, Inc. 858-369-3010
Listing Snapshot
Days Online
90
Last Updated
Property Type
Other
Beds
5
Square Ft.
3,655
Lot Size
0.14 Acres
Year Built
1907
MLS Number
25626981
Additional Details
Building
3,655 sq ft, Built in 1907, Levels: Two, Attached
Disclosures
As Is
Garage
Driveway Gate
Lot
LotAcreage: 0.135, LotSizeArea: 5,881
Parking
TotalParking: 5
Property
NumberOfUnits: 7, Zoning: LAC2
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