458 Vernon Avenue, Los Angeles, CA 90037
-
Sold Price :
$1,077,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1911
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
458 Vernon Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90037 |
| County |
Los Angeles |
| Listing Agent |
Aaron Jacobson DRE #02100737 |
| Co-Listing Agent |
Cameron Samimi DRE #02035763 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| Close Price |
$1,077,000 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
5,008 |
| Year Built |
1911 |
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.
