1361 W Vernon Ave Los Angeles, CA 90037
Multi-unit property in central Los Angeles with redevelopment potential.
Lot size:
0.15 AcresProperty Features for 1361 W Vernon Ave
General Information
- Standard status
- Active
- Lot size
- 0.15 Acres
- Exterior features
- See Remarks
- Interior features
- Combination
Building Details
- Year built
- 1923
Source:
Kw
Listing Agency: Larchmont Listing Agent: Josephine San Lucas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Vermont Square Triplex with Vacancy
This property features three separate units located in Vermont Square, with two units delivered vacant. The property presents immediate income potential with upside for rent growth or future redevelopment, suitable for owner-users or investors. The zoning allows for commercial, residential, or mixed-use development. The location is residential, with a school across the street, and alley access provides up to 6 parking spaces or a possible future ADU. The property includes a 2-bedroom, 1-bath unit currently collecting $1280 with a projected rent of $2500, a 1-bedroom, 1-bath unit collecting $1188, and a large, vacant, ready-to-move-in 1-bedroom, 1-bath unit that can rent for $2000. Recent improvements include new roofs, copper plumbing, and tankless water heaters. A rebuild letter is available. The property is located minutes from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and Downtown LA.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29951
- Latitude
- 34.00384
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Multi-unit property in central Los Angeles with redevelopment potential.
Where is this triplex located?
The property is located at 1361 W Vernon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: - Three separate units with **two delivered vacant**, offering immediate income potential and flexibility.; - RD-1.5 zoning allows for commercial, residential, or mixed-use development, providing future redevelopment opportunities.; - Recent improvements include **new roofs, copper plumbing, and tankless water heaters**, reducing future capital expenses.
