153 W Vernon Avenue Los Angeles, CA
$ 1,075,000
Property Attributes
  • MLS#20604668
  • TypeContingent
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90037
  • StyleCraftsman
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Gabriela Manakova with Innovative Property Strategies.
Property Description

FANTASTIC INVESTMENT with excellent cash flow in Opportunity Zone near Downtown Los Angeles! This charming updated Craftsman style five-unit property consists of two structures, two-story front building with three units and a detached single story duplex in the back. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides excellent cash flow with additional 15% upside potential in rents and very low maintenance. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The 3+2 remodeled unit has laundry inside. The property is located in fast growing neighborhood of Downtown Los Angeles Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and it has easy access to all major freeways. All units are tenant occupied, NO vacancies. Drive by only, offers subject to interior inspection. Please do not disturb the tenants.

Price History
7/16/2020 Listed $1,075,000

General Features

Appliances Refrigerator
Architectural Style Craftsman
Cooling None
Directions E of Broadway, W of Main Street, S of Martin Luther King Jr Blvd, N of Slauson Ave
Flooring Tile, Laminate
Heating Wall Furnace
Listagentaor Malibu
Listing Agent Gabriela Manakova - BRE#01327946
Listing Agent State License 01327946
MLS Area C42 - Downtown L.A.
Parking Features Driveway
Security Features Gated Community
Source System CRMLS
Special Listing Conditions Standard
Total Units 5
Zoning LAR3

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.1100
Lot Size Area 5006.0000
Lot Size Square Feet 5006.00
Lot Size Units Square Feet
Number of Buildings 2
Parking Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90037

AVG $610K
AVG 50
Year Built
AVG 1924
AVG 75
Data Provided by Walkscore ® not using MLS data

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