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458 Vernon Avenue
Los Angeles, CA 90037
Sold
458 Vernon Avenue
Los Angeles, CA 90037
Sold
458 Vernon Ave is a 4Plex that will be delivered FULLY VACANT by Close of Escrow. All units have been cleaned up and renovated for new tenants to move in. The property is comprised of an ideal unit mix of (2) 1Bed/1Bath, (2) 2Bed/1Bath units and delivered with Fully Approved LADBS ADU plans for (2) 3Bed/2Bath RTI. The asset will operate at a 7.2% Cap Rate Day 1. After Building the ADUs, this property will operate at a 9.3% Cap rate and 7.8 GRM! (Including Estimated Construction Costs) With all four units currently renovated and tenant ready, this asset will immediately cash flow and is fit for any investor looking for stable income and the opportunity to add value through the process of ADUs. Located in a rapidly growing neighborhood of Los Angeles, 458 Vernon is steps away from USC, BMO Stadium, Los Angeles Memorial Coliseum and Downtown LA.
PROPERTY INFORMATION
| MLS # | SB23206816 | Lot Size | 5,008 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,095,000
Price Per SqFt: $ 294 |
DOM | 571 Days |
| Address | 458 Vernon Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,726 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1911 |
| Bed / Bath | 12 / 0 | Parking | 2 |
| Built In | 1911 | Status | Closed |
| Sold Date | 2024-01-11 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,168
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/11/2024 | Sold | $1,077,000 |
| 12/20/2023 | Active Under Contract | $1,095,000 |
| 11/28/2023 | Relisted | $1,095,000 |
| 11/07/2023 | Listed | $1,095,000 |
Topfind Realty
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Listing provided courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
