153 W Vernon Avenue

    Los Angeles (City), CA 90037
    • $763,000
    • STATUS: Closed
    • ON SITE: 157 days
    • ID#: 18313740
    Sold - 06/05/2018
    $763,000
    SOLD - 06/05/2018
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,116
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded 5-unit income property consists of 2 structures - 2-story front building with 3 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 good cash flow with huge almost 50% upside potential in rents and very low maintenance. The units have updated kitchen cabinets, flooring, bathroom tiles, appliances, some new windows, electrical and plumbing. It could also be purchased together with 965 W Vernon Ave, Los Angeles, CA 90037 - 4 units listed for $626,000. The property is located in fast growing neighborhood of South West Los Angeles near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and easy access to all major freeways. Drive by only, subject to interior inspection. Please do not disturb tenants.

    Sold by Gabriela Manakova of Innovative Property Strategies.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T10:26:45.493. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80778635

    153 W Vernon Avenue Los Angeles (City), CA 90037

    • Price: $799,000
    • Status: Closed
    • Updated: 19 min ago
    • ID#: 18313740
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,116
    SQFT
    $245
    $/SQFT
    1921
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded 5-unit income property consists of 2 structures - 2-story front building with 3 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 good cash flow with huge almost 50% upside potential in rents and very low maintenance. The units have updated kitchen cabinets, flooring, bathroom tiles, appliances, some new windows, electrical and plumbing. It could also be purchased together with 965 W Vernon Ave, Los Angeles, CA 90037 - 4 units listed for $626,000. The property is located in fast growing neighborhood of South West Los Angeles near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and easy access to all major freeways. Drive by only, subject to interior inspection. Please do not disturb tenants.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.70 Gross Multiplier 13.00 Gross Operating Income 60600.00 Improvements Amount 212207 Insurance Expense 1500.00 Land Value 137934 Laundry YN Yes Net Operating Income 45512.00 Pest Control Expense 600.00 Special Listing Conditions Standard Total Expenses 15087.00 Water Sewer Expense 3000.00 Zoning Lar3

    Listing provided courtesy of Gabriela Manakova of Innovative Property Strategies.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T10:26:45.493. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003