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1474 W Vernon Ave
Los Angeles, CA 90062
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Nicely renovated legal Triplex with great cash flow near USC
Executive Summary
Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 6% Cap Rate with additional rent upside potential. The property features two 2-bed/ 1-bath units plus one 1-bed / 1-bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area. Contact Jen Stein 805-319-5866 for showing ( 24 hour notice) and questions. Broker/Broker's agent(s) do not represent or guarantee accuracy of sq. ft., bed/bath count, lot size or dimensions, permitted/unpermitted spaces, rental restrictions, financial calcs, rent % increases, schools, local ordinances, or other info. Buyer is advised to independently verify all info.
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Porch
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,900 | - |
| 1+1 | 1 | $1,890 | - |
Property Taxes
| Parcel Number | 5016-002-003 | Improvements Assessment | $190,000 |
| Land Assessment | $700,000 | Total Assessment | $890,000 |
Property Taxes
Parcel Number
5016-002-003
Land Assessment
$700,000
Improvements Assessment
$190,000
Total Assessment
$890,000
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