186 E Vernon Avenue, Los Angeles, CA 90011
- $699,000
- 4
- BD
- 4
- BA
- 2,247
- SqFt
- List Price
- $699,000
- Status
- ACTIVE
- MLS#
- 26848321
- Year Built
- 1921
- Bedrooms
- 4
- Bathrooms
- 4
- Living Sq. Ft
- 2,247
- Lot Size
- 6,921
- Acres
- 0.16
- Days on Market
- 46
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Stable, fully occupied three-unit income property located close to USC and Downtown L.A. The property consists of three residential units across two separate buildings on a large 6,921-square-foot lot zoned C2-1VL with future development potential. The unit mix includes two 1-bedroom/1-bath units (one of them Section 8) and one unit 3-bedroom/1 bath, providing strong rental income. The South Los Angeles market continues to benefit from proximity to Downtown LA, USC, Exposition Park, and major transit infrastructure. Adjacent to the signalized corner of San Pedro Place and Vernon Avenue, with the future potential of a broad range of commercial uses by-right and TOC Tier 2 Designation, offering a significant density bonus potential for qualified affordable housing projects.
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Additional Information
- Heat
- Wall Furnace
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Darin Spillman (darin.spillman@kidder.com) from Listing Office: Kidder Mathews of California, Inc..
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