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142 E Vernon Ave
Los Angeles, CA 90011
Land For Sale
·
0.15 AC
Investment Highlights
- RTI Permits Paid – Seller has pulled and paid approximately $105,000 for RTI permits.
- On-Grade Parking – Convenient and accessible parking solution, eliminating the need for costly subterranean or structured parking.
- High Rental Demand Area – Strong market demand ensures consistent occupancy rates and attractive rental yields.
- Desirable Unit Mix – Project consists of 12 two- and 4 three-bedroom units to attract a diverse tenant base and maximize rental income.
- No Relocation or Demolition Fees – No existing tenants or structures requiring removal, minimizing upfront costs and project complexities.
- Convenient Access to 110 & 10 Freeways – Easy connectivity to downtown Los Angeles, surrounding neighborhoods, and key business districts.
Property Facts
Description
The site at 142 E Vernon Ave is a vacant, undeveloped lot totaling 6,448 square feet. The land is flat, cleared, and free of any existing structures, minimizing pre-construction costs and allowing for immediate development. There are no existing tenants, and no demolition or relocation requirements, making this a true shovel-ready site. All RTI permits have been paid, enabling the buyer to begin construction without delay.
Property Taxes
| Parcel Number | 5109-001-007 | Improvements Assessment | $79,646 |
| Land Assessment | $144,820 | Total Assessment | $224,466 |
Property Taxes
Parcel Number
5109-001-007
Land Assessment
$144,820
Improvements Assessment
$79,646
Total Assessment
$224,466
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