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Listing Details

Status
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On Site
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MLS #
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Built
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School Ratings & Info

Description

HUGE PRICE REDUCTION FROM 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. Total building 4,621 square feet, the 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 $3000.00 ) ( Total $36,000 per year) THE TENANTS PAY ALL UTILITY BILLS EXCEPT TRUSH.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/116429917
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215 W Vernon Avenue Los Angeles (City), CA 90037

  • Price: $890,000
  • Status: Active
  • Updated: 223 min ago
  • ID#: CV21086226
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1948
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
HUGE PRICE REDUCTION FROM 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. Total building 4,621 square feet, the 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 $3000.00 ) ( Total $36,000 per year) THE TENANTS PAY ALL UTILITY BILLS EXCEPT TRUSH.
Exterior Features

Construction Materials Drywall Exterior Features Lighting Fencing Wrought Iron Lot Features 0-1 Unit/AcreBack YardLot Over 40000 SqftNear ParkNear Public TransitPavedRectangular LotWalkstreet Number Of Separate Electric Meters 5 Parking Features None Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Brick WallsBalcony

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalksPark Current Financing Conventional Disclosures Seller Disclosure Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 36000 Gross Scheduled Income 36000 Insurance Expense 1200 Land Lease YN No Laundry Features Gas Dryer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventional1031 ExchangeSubmit Net Operating Income 34800 New Construction YN No New Taxes Expense 2500 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 1200 Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGasWater Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 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 2021-09-21T00:27:35.857. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660