1467 W Vernon, Los Angeles, CA 90062
1467 W Vernon, Los Angeles, CA 90062
1467 W Vernon, Los Angeles, CA 90062
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$905,000
Est. payment /mo
7,370 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26106307

HOA Y/N No

Year Built 1914

Lot Size 7,370 Sqft

Property Sub-Type Quadruplex

Property Description

A well-located 4-unit income property in the Vermont Square neighbourhood of South Los Angeles, offering 3,372 square feet of building area on a 7,369 square foot lot with ample rear parking, a rare and practical asset in this pocket of the city. The building features three 1-bedroom units and one 3-bedroom unit, with the 3-bedroom unit to be delivered vacant at close of escrow, providing an immediate opportunity to set market rents from day one.
The oversized lot and ample rear parking present compelling long-term development potential, buyers should explore the feasibility of adding ADUs to the rear of the lot or pursuing a lot split under the California Subdivision Map Act, which may allow the parcel to be subdivided and developed with additional units, subject to city approval and zoning verification. Buyer to independently verify all development potential with the City of Los Angeles Planning Department.
Situated just 2.6 miles from USC and close to the 10 and 110 freeways, the location offers strong tenant demand drivers. The Expo/Western Metro station is approximately 1.4 miles away, and Exposition Park, the Natural History Museum, and the California Science Center are all within five miles. A solid asset with in-place income, a vacant unit ready to reposition, and meaningful long-term upside on an oversized lot.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5021019016

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Notice Of Default

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Listed by Sebastian Stofenmacher Edgestone Real Estate, Inc. 818-464-5113, DRE #01328684

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