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142 E Vernon Ave 0.15 Acres of Commercial Land Offered at $745,000 in Los Angeles, CA 90011
Investment Highlights
- Seller Has Paid $105,000 to Pull Permits
- Ready To Build (RTI)
- Demolished with no Demo Costs
- Market Rate Project
- Delivered Vacant with No Tenant
- 12: 2 Beds, 4: 3 Beds
Executive Summary
• RTI Permits Paid – Seller has pulled and paid approximately $105,000 for RTI permits.
• Desirable Unit Mix – Project consists of 12 two- and 4 three-bedroom units to attract a diverse tenant base and maximize rental income.
• On-Grade Parking – Convenient and accessible parking solution, eliminating the need for costly subterranean or structured parking.
• No Relocation or Demolition Fees – No existing tenants or structures requiring removal, minimizing upfront costs and project complexities.
• High Rental Demand Area – Strong market demand ensures consistent occupancy rates and attractive rental yields.
• Convenient Access to 110 & 10 Freeways – Easy connectivity to downtown Los Angeles, surrounding neighborhoods, and key business districts.
• Proximity to Local Amenities – Close to a variety of shops, restaurants, and essential community services, enhancing livability and tenant appeal.
• Desirable Unit Mix – Project consists of 12 two- and 4 three-bedroom units to attract a diverse tenant base and maximize rental income.
• On-Grade Parking – Convenient and accessible parking solution, eliminating the need for costly subterranean or structured parking.
• No Relocation or Demolition Fees – No existing tenants or structures requiring removal, minimizing upfront costs and project complexities.
• High Rental Demand Area – Strong market demand ensures consistent occupancy rates and attractive rental yields.
• Convenient Access to 110 & 10 Freeways – Easy connectivity to downtown Los Angeles, surrounding neighborhoods, and key business districts.
• Proximity to Local Amenities – Close to a variety of shops, restaurants, and essential community services, enhancing livability and tenant appeal.
Property Facts
1 Lot Available
Lot
| Price | $745,000 | Lot Size | 0.15 AC |
| Price Per AC | $4,917,751.43 |
| Price | $745,000 |
| Price Per AC | $4,917,751.43 |
| Lot Size | 0.15 AC |
This RTI (Ready-to-Issue) 5-story, mixed-use development features a 4-story residential component consisting of 16 apartment units situated above a street-level podium and 250SF Retail.
Description
Seller Has Paid $105,000 to Pull Permits for this Ready To Build (RTI) Market Rate Project consisting of 12: 2 Beds, 4: 3 Beds, Delivered Vacant, Demolished.
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Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
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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142 E Vernon Ave
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