965 W Vernon Avenue

    Los Angeles (City), CA 90037
    • $580,000
    • STATUS: Closed
    • ON SITE: 187 days
    • ID#: 18313780
    Sold - 07/05/2018
    $580,000
    SOLD - 07/05/2018
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,293
      SQFT
    • $176
      $/SQFT
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded 4-unit income property consists of a two story 4-plex plus attached large single story bonus room/storage unit. Lot's of possibilities. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides good cash flow with huge almost 60% upside potential in rents and very low maintenance. Two of the units have been completely updated. The building has a newer roof, partially updated plumbing and electrical and recently painted exterior. Gated parking for each unit. It could also be purchased together with 153 W Vernon Ave, Los Angeles, CA 90037 - 5 units listed for $799,000. 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 2018-08-21T19:32:46.46. 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.playavistaliving.com/homes/80779768

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

    • Price: $626,000
    • Status: Closed
    • Updated: 19 min ago
    • ID#: 18313780
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,293
    SQFT
    $176
    $/SQFT
    1932
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded 4-unit income property consists of a two story 4-plex plus attached large single story bonus room/storage unit. Lot's of possibilities. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides good cash flow with huge almost 60% upside potential in rents and very low maintenance. Two of the units have been completely updated. The building has a newer roof, partially updated plumbing and electrical and recently painted exterior. Gated parking for each unit. It could also be purchased together with 153 W Vernon Ave, Los Angeles, CA 90037 - 5 units listed for $799,000. 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

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.60 Gross Multiplier 15.30 Gross Operating Income 40813.00 Improvements Amount 190122 Insurance Expense 1500.00 Land Value 285184 Laundry YN Yes Net Operating Income 28488.00 Pest Control Expense 600.00 Special Listing Conditions Standard Total Expenses 12325.00 Water Sewer Expense 2400.00 Zoning Lac2

    Listing provided courtesy of Gabriela Manakova of Innovative Property Strategies.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-21T19:32:46.46. 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.
     
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