MarketPier

1443 W VERNON Avenue - Los Angeles, CA 90062

$1,000,000
Listing Description

Prime investment/ development property. Property is a TRIPLEX; owners occupy 2 of the 3 units. 3rd unit can be delivered vacant after the close of escrow (or during). Great upside potential after remodeling. Lot is also zoned RD1.5 with a TOC Tier 3 which will allow you to build an additional 2 units on the LOT!!Property as both a front & alley entrance on the back. Long driveway able to fit 5-7 cars. Perfect for someone who wants to remodel and rent out; or build an additional two 1x1 units.

Listing Information
MLS Number
19518744
APN/Parcel ID
5021018017
Type
Multifamily
Sub Type
Multifamily
Building Size
960 sqft
Lot Size
7,339 sqft
Price / SQFT
$1,042
No Units
3
Price / Unit
$333,333
Gross Income
$80,400
Total Expenses
$16,100
Net Income
$64,300
Rent Multiplier
12.4
Listing Date
10/9/2019
Days Active
10
Last Updated
10/20/2019
Listing Provided By
Athena Dinh
Compass
BRE# 01511025

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