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153 W VERNON Avenue

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153 W VERNON Avenue | Los Angeles, CA

$959,000

3,116 SQ.FT.

FANTASTIC INVESTMENT OPPORTUNITY in Opportunity Zone area of Downtown Los Angeles! This charming updated Craftsman style five-unit property consists of two structures - two-story front building with three 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 excellent cash flow with additional 28% upside potential in rents and very low maintenance. Two units (3+2 and 1+1) have been beautifully remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The 3+2 remodeled unit has laundry inside. The property is located in fast growing neighborhood of Downtown Los Angeles Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and it has easy access to all major freeways. Drive by only, offers subject to interior inspection. Please do not disturb the tenants.
Listing Provided by Gabriela Manakova, Innovative Property Strategies

Based on information from California Regional Multiple Listing Service, Inc. as of November 9, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.