Address
215 W Vernon Avenue Los Angeles, CA
Price
$ 890,000
Property Attributes
  • MLS#CV21049827
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90037
  • StyleMulti Family
  • Price$ 890,000
  • Bedrooms25
  • Full Bathrooms25
  • Half Bathrooms0
  • Sqr Footage4621
  • Lot Size5,881 SqFt
Listing Provided Courtesy Of:
ROSALBA FARIAS with RE/MAX CHAMPIONS.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

Price History
3/10/2021 Listed $999,000
4/23/2021 3% - $975,000
5/31/2021 9% - $890,000

General Features

Community Features Park
Construction Materials Drywall, Frame, Stucco
Heating Wall Furnace
Listing Agent ROSALBA FARIAS - BRE#00987798
Listing Agent State License 00987798
MLS Area C42 - Downtown L.A.
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Security Features Carbon Monoxide Detector(s)
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit, Trade
Total Units 5
Zoning LAC2

Interior Features

Heating Y/N Yes
Laundry Features Electric Dryer Hookup, Gas Dryer Hookup

Exterior Features

Fencing Wrought Iron
Lot Dimensions 47X125
Lot Features 0-1 Unit/Acre, Front Yard, Lot Over 40000 Sqft, Near Park, Near Public Transit, Paved, Rectangular Lot
Lot Size Acres 0.14
Lot Size Area 5881
Lot Size Source Assessor
Lot Size Square Feet 5881
Lot Size Units Square Feet
Number of Buildings 2
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90037

Price
AVG $1.12M
$890K
Visits
AVG 36
10
Year Built
AVG 1928
1948
Walkscore
AVG 77
84
Data Provided by Walkscore ® not using MLS data

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