34.003983 -118.31022

1735 W Vernon Ave LOS ANGELES, CA 90062

293988261 34.003983 -118.31022 213 /listing/293988261-150246182/1735-w-vernon-ave-los-angeles-ca-90062 False 0 3000000.0 5958 105 2 16 21-727178 False
  • $3,000,000
  • 2 bd
  • 16 ba
  • 5,958 sqft
  • 6,006 lot
  • Est payment $16104.65/mo

Property & Neighborhood Info

Courtesy Of Marcus & Millichap

Multi-Family in Los Angeles

We are pleased to present the opportunity to acquire a 15+1 non-conforming unit multi-family property located in the Vermont Square neighborhood of Los Angeles, California. Built in 1923, this two-story apartment building was originally built as a sixteen (16) unit apartment building. In 1976, the property was legally converted to a fifteen (15) unit apartment building by combining two (2) of the single units together. Today, the property operates as a sixteen unit apartment building that consists of thirteen (13) singles with separate kitchens and bathrooms, two (2) one bedroom/one bathroom units, and one (1) non-conforming single unit that brings in an additional $1,011/month of rental income. The property offers tenants gated entry, on-site laundry and master metered utilities, which allow for an annual 5% rental increase pursuant to the guidelines of Los Angeles Rent Stabilization Ordinance. The property and the unit interiors have been well maintained yet still provide an astute investor with a value-add opportunity that can be achieved through interior and exterior renovations.

Courtesy Of Marcus & Millichap
  1. 2 Beds
  2. 16 Baths
  3. 5,958 Sq. Ft.
  4. 6,006 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1923
  • Floors: 2
  • County: LOS ANGELES
  • Units: 16
  • Zoning: LAC2
  • MLS Number:21-727178

Additional Features

  • Cooling:
    • Other
  • Disclosures:
    • As Is
  • Unit 1 Furnished:
    • No
  • Unit 2 Furnished:
    • No
  • Unit 3 Furnished:
    • No
  • Unit 4 Furnished:
    • No
  • Other Structures:
    • None
  • Parking:
    • None
  • Parking Spaces:
    • 0
  • Heating:
    • Other
  • Number of Buildings:
    • 1
  • Board:
    • The Combined Los Angeles/Westside MLS
  • Gross Income:
    • 234015
  • Net Operating Income:
    • 142919.00
  • Special Conditions:
    • Standard
  • Expenses:
    • 88564
  • Gross Operating Income:
    • 231484
  • Listing Agent License Number:
    • 01887505
  • Lot Size Area:
    • 6006
  • LP Per SQFT:
    • 503.52
  • Other Equipment:
    • Other
  • Total Acres:
    • 0.1379
  • Unit 1 Bathrooms:
    • 1.00
  • Unit 1 Bedrooms:
    • 0
  • Unit 1 Rent:
    • 1200.00
  • Unit 1 Total Units:
    • 1
  • Unit 10 Bathrooms:
    • 1.00
  • Unit 10 Bedrooms:
    • 0
  • Unit 10 Furnished:
    • No
  • Unit 10 Rent:
    • 906.00
  • Unit 10 Total Units:
    • 1
  • Unit 11 Bathrooms:
    • 1.00
  • Unit 11 Bedrooms:
    • 0
  • Unit 11 Furnished:
    • No
  • Unit 11 Rent:
    • 1250.00
  • Unit 11 Total Units:
    • 1
  • Unit 12 Bathrooms:
    • 1.00
  • Unit 12 Bedrooms:
    • 0
  • Unit 12 Furnished:
    • No
  • Unit 12 Rent:
    • 1003.00
  • Unit 12 Total Units:
    • 1
  • Unit 13 Bathrooms:
    • 1.00
  • Unit 13 Bedrooms:
    • 0
  • Unit 13 Furnished:
    • No
  • Unit 13 Rent:
    • 4000.00
  • Unit 13 Total Units:
    • 3
  • Unit 2 Bathrooms:
    • 1.00
  • Unit 2 Bedrooms:
    • 0
  • Unit 2 Rent:
    • 1250.00
  • Unit 2 Total Units:
    • 1
  • Unit 3 Bathrooms:
    • 1.00
  • Unit 3 Bedrooms:
    • 0
  • Unit 3 Rent:
    • 1400.00
  • Unit 3 Total Units:
    • 1
  • Unit 4 Bathrooms:
    • 1.00
  • Unit 4 Bedrooms:
    • 0
  • Unit 4 Rent:
    • 1250.00
  • Unit 5 Bathrooms:
    • 1.00
  • Unit 5 Bedrooms:
    • 0
  • Unit 5 Furnished:
    • No
  • Unit 5 Rent:
    • 1250.00
  • Unit 5 Total Units:
    • 1
  • Unit 6 Bathrooms:
    • 1.00
  • Unit 6 Bedrooms:
    • 0
  • Unit 6 Furnished:
    • No
  • Unit 6 Rent:
    • 1350.00
  • Unit 6 Total Units:
    • 1
  • Unit 7 Bathrooms:
    • 1.00
  • Unit 7 Bedrooms:
    • 0
  • Unit 7 Furnished:
    • No
  • Unit 7 Rent:
    • 1250.00
  • Unit 7 Total Units:
    • 1
  • Unit 8 Bathrooms:
    • 1.00
  • Unit 8 Bedrooms:
    • 0
  • Unit 8 Furnished:
    • No
  • Unit 8 Rent:
    • 1011.20
  • Unit 8 Total Units:
    • 1
  • Unit 9 Bathrooms:
    • 1.00
  • Unit 9 Bedrooms:
    • 1
  • Unit 9 Furnished:
    • No
  • Unit 9 Rent:
    • 2381.00
  • Unit 9 Total Units:
    • 2
Neighborhood info courtesy of Homes.com © 2021

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$38,769.95*
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(323) 469-5114
2738 Belden Dr. Los Angeles CA 90068
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34.003983 -118.31022

1735 W Vernon Ave LOS ANGELES, CA 90062

293988261 34.003983 -118.31022 213 /listing/293988261-150246182/1735-w-vernon-ave-los-angeles-ca-90062 False 0 3000000.0 5958 105 2 16 21-727178 False
  • $3,000,000
  • 2 bd
  • 16 ba
  • 5,958 sqft
  • 6,006 lot
  • Est payment $16104.65/mo