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153 W Vernon Ave, Los Angeles, CA 90037

$799,000 Sale Pending

  • For Sale
  • Pending
  • 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

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 Detailsfor 153 W Vernon Ave


  • Price: $799,000
  • Status: Pending
  • Type: Multi-Family
  • MLS ID: 18-313740
  • Updated: 4/20/2018
  • Added: 101 day(s) ago


  • Interior Features: Other


  • Parking Features: Driveway
  • Parking: Driveway


  • Area: Downtown L.A. (C42)
  • County: Los Angeles
  • Development Name: Downtown L.A. (C42)
  • 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

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

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

Financial Considerations

  • Price Per Sq. Ft.: $256.42

Disclosures and Reports

  • Legal Disclosures: Take Property As Is, Rent Control

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

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Schoolsserving 153 W Vernon Ave

School District:Los Angeles Unified School District
School Name
West Vernon Avenue Elementary School
4312 S Grand Ave, Los Angeles, CA 90037
0.3 mi
William Jefferson Clinton Middle School
3500 S Hill St, Los Angeles, CA 90007
0.9 mi
Nava College Preparatory Academy
1319 E 41st St, Los Angeles, CA 90011
1.4 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

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Public Record
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 153 W Vernon Ave

Listed 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 with 5 units containing 0 bedrooms and 0 full bathrooms. 153 W Vernon Ave is currently listed for $799,000 and was received on February 14, 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.