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153 W Vernon Ave, Los Angeles, CA 90037

$763,000

  • Sold
  • Closed
  • Multi-Family
153 W Vernon Ave, Los Angeles, CA 90037View this property at 153 W Vernon Ave, Los Angeles, CA 90037
153 W Vernon AveLos AngelesCA90037
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Property Description
EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded 5-unit income property consists of 2 structures - 2-story front building with 3 units and a detached single story duplex in the back. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides good cash flow with huge almost 50% upside potential in rents and very low maintenance. The units have updated kitchen cabinets, flooring, bathroom tiles, appliances, some new windows, electrical and plumbing. It could also be purchased together with 965 W Vernon Ave, Los Angeles, CA 90037 - 4 units listed for $626,000. 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.

Full Property Details for 153 W Vernon Ave

General

  • Sold For: $763,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 18-313740
  • Added: 246 day(s) ago

Interior

  • Interior Features: Other

Parking

  • Parking: Driveway

Location

  • County: Los Angeles
  • Driving Directions: E of Broadway, W of Main Street, S of Martin Luther King Jr Blvd, N of Slauson Ave

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Wall Gas
  • Heating Fuel: Wall Gas

Structural Information

  • # Buildings: 2
  • Square Feet: 3,116
  • Year Built: 1921

Unit Information

Unit 1

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Sq. Ft.): 5,006
  • Zoning: LAR3

Listed and Sold by Innovative Property Strategies, Gabriela Manakova - CA DRE: 01932481

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Schools

Schools serving 153 W Vernon Ave

Score
Name
Grades
Distance
5
4312 S Grand Ave, Los Angeles, CA 90037
K-5
0.3 mi
1
3500 S Hill St, Los Angeles, CA 90007
6-8
0.9 mi
3
1319 E 41st St, Los Angeles, CA 90011
9-12
1.4 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 153 W Vernon Ave

Date
Details
Price
Change
Source
6/05/2018
Sold
$763,000
-4.51%
MLS
2/14/2018
Listed
$799,000
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Community Info

Community Info for 153 W Vernon Ave

Listed and Sold by Innovative Property Strategies, Gabriela Manakova - CA DRE: 01932481

153 W Vernon Ave, Los Angeles, CA 90037 (MLS# 18-313740) is a Multi-Family property that was sold at $763,000 on June 05, 2018. Want to learn more about 153 W Vernon Ave? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.