1474 W Vernon Avenue, Los Angeles, CA 90062
- $998,000
- 5
- BD
- 3
- BA
- 2,263
- SqFt
- List Price
- $998,000
- Price Change
- ▼ $191,000 1780443920
- Status
- ACTIVE
- MLS#
- 26638505
- Year Built
- 1911
- Bedrooms
- 5
- Bathrooms
- 3
- Living Sq. Ft
- 2,263
- Lot Size
- 5,721
- Acres
- 0.13
- Days on Market
- 177
- Property Type
- Multifamily
- Style
- Craftsman
- Stories
- Two Levels
Property Description
Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 5.7 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.
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Additional Information
- Appliances
- Refrigerator
- Heat
- Wall Furnace
- Cooling Description
- None
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Jennifer Stein (Jen@JenSteinRealty.com) from Listing Office: Keller Williams Realty Santa Barbara.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.