458 Vernon Avenue

Los Angeles, CA 90037

$1,077,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $289 / sqft

1911

calendar_month Built

Property Description

458 Vernon Ave is a 4Plex that will be delivered FULLY VACANT by Close of Escrow. All units have been cleaned up and renovated for new tenants to move in. The property is comprised of an ideal unit mix of (2) 1Bed/1Bath, (2) 2Bed/1Bath units and delivered with Fully Approved LADBS ADU plans for (2) 3Bed/2Bath RTI. The asset will operate at a 7.2% Cap Rate Day 1. After Building the ADUs, this property will operate at a 9.3% Cap rate and 7.8 GRM! (Including Estimated Construction Costs) With all four units currently renovated and tenant ready, this asset will immediately cash flow and is fit for any investor looking for stable income and the opportunity to add value through the process of ADUs. Located in a rapidly growing neighborhood of Los Angeles, 458 Vernon is steps away from USC, BMO Stadium, Los Angeles Memorial Coliseum and Downtown LA.

Listing Information

Close Price $1,077,000
Close Date Thursday, January 11th, 2024
Status Closed
MLS SB23206816
Type Residential Income
Subtype Quadruplex
Year Built 1911
Lot Size 5,008
Structure Size N/A
DOM 35
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Aaron Jacobson DRE#02100737
Co-Listing Agent Cameron Samimi DRE#02035763

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Aaron Jacobson, Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 11th, 2024 at 9:37 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.