Property listed by Keller Williams Realty Santa Barbara, Jennifer Stein 805-319-5866
1474 W Vernon Avenue
Los Angeles, CA 90062
Beds
5
Baths
3
Square Ft.
2,263
$1,189,000
Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong current 5.6% Cap Rate with additional rent upside potential. The property features two spacious 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed… Read More 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. Two units can be delivered vacant. Read Less
Listing Snapshot
Days Online
12
Last Updated
Beds
5
Square Ft.
2,263
Lot Size
0.13 Acres
Year Built
1911
MLS Number
26638505
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1911, Living area: 2263.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $95,220, Net Operating Income: $67,748
Lot
0.1313 acres
Parking
6 open parking spaces, 6 total parking spaces, Uncovered
Taxes
Parcel Number: 5016002003, Zoning: LARD1.5
Tenant Pays
Electricity, Gas
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