7-Unit Apartment
New
For Sale
$895,000
205 W Vernon Ave, Los Angeles, CA 90037
A two-story rental property includes rear parking and a mix of studios and one- and two-bedroom residences.
Property Size3,655 SF
Lot Size0.14 Acres
Days on Market4
Property Features for 205 W Vernon Ave
General Information
Standard status
Active
Size
3,655 SF
Net Rentable
3,655 SF
Total Parking Spaces
5
Lot size
0.14 Acres
Property subtype
MULTI_FAMILY
Zoning
LAC2
Site & Location
Neighborhood
South Los Angeles
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA, 3 x studio
Multifamily Units
7
Additional Details
Gross Rent Multiplier
7.91
Tenant in Place
Yes
Building Details
Building Size
3,655 SF
Year Built
1907
Buildings
1
Stories
2
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(714) 333-6768
Source:
Milsteinestates
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This two-story apartment building contains 3,655 rentable square feet across seven units: three studios, three one-bedroom/one-bathroom apartments, and one two-bedroom/one-bathroom apartment. Four units have been renovated, and one studio plus one one-bedroom apartment are scheduled to be vacant at closing. The property was built in 1907 and occupies a 5,881-square-foot lot zoned LAC2, with five uncovered parking spaces at the rear.
The property is located less than 10 minutes from Downtown Los Angeles. Nearby destinations include the Gilbert Lindsay Recreation Center, Trader Joe’s, Ross Snyder Recreation Center, Superior Grocers, USC, the Coliseum, LAFC, Crypto.com Arena, and the Convention Center.
The property is located less than 10 minutes from Downtown Los Angeles. Nearby destinations include the Gilbert Lindsay Recreation Center, Trader Joe’s, Ross Snyder Recreation Center, Superior Grocers, USC, the Coliseum, LAFC, Crypto.com Arena, and the Convention Center.
Key Highlights
- Seven apartment units with a mix of studios, one‑bedroom, and two‑bedroom residences
- 3,655 rentable square feet in a two‑story building
- Unit mix: three studios, three one‑bedroom/one‑bathroom units, and one two‑bedroom/one‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,276
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,520
$1.1M
Cap Rate 7%
$775,371
$775.4K
Cap Rate 9%
$603,067
$603.1K
Market Conditions
NOI Build-Up for 3,655 SF
Gross rent
$99.4K $27.19/SF
− Vacancy
−$696 −$0.19/SF
EGI
$98.7K $27.00/SF
− OpEx
−$44.4K −$12.15/SF
NOI
$54.3K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,520
Cap Rate 7%
$775,371
Cap Rate 9%
$603,067
Alternative Uses
Best Use
Apartment 5plus
$775.4K
$678.5K – $904.6K
NOI $54,276 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,251 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story rental property includes rear parking and a mix of studios and one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 205 W Vernon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Seven apartment units with a mix of studios, one‑bedroom, and two‑bedroom residences; 3,655 rentable square feet in a two‑story building; Unit mix: three studios, three one‑bedroom/one‑bathroom units, and one two‑bedroom/one‑bathroom unit
