Los Angeles, CA 90037 702 W Vernon Avenue
$1,314,999
2 more
Presented By: Juan Carlos Martinez with Juan Carlos Martinez; 562-469-0770
Beds • 10
Baths • 6
SQFT • 4,616
Year Built • 1924
Home Details
STRATEGICALLY LOCATED JUST A MILE FROM THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC)! Welcome to this 6 unit investment opportunity in the heart of Los Angeles! This property is an attractive option for student housing. The area boasts a high walkability score, with numerous dining, shopping, and entertainment options nearby. Public transportation is easily accessible, providing convenient connections throughout the city. The "live in one, rent the others" model offers the potential for steady rental income while maintaining a personal residence within the property. The configuration allows for flexibility in tenant arrangements, catering to a variety of rental needs. Take advantage of this unique opportunity to own a multi-unit property in a vibrant Los Angeles neighborhood. With its prime location and endless possibilities, this property is ready for you to make it your own. Schedule a showing today and explore all that it has to offer!
Presented By: Juan Carlos Martinez with Juan Carlos Martinez; 562-469-0770
Interior Features for 702 W Vernon Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesOutside
Total Stories2
Other Rooms
Entry Level1
General for 702 W Vernon Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
DirectionsHeading West on W. Vernon Ave, property is on right hand side off the main street.
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income98580.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional, Exchange1031, FHA, Submit, VaLoan
Lot Size Square Feet7408.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income92580.0
New ConstructionNo
Number Of Units Total6
Operating Expense6000.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot62
Tenant PaysElectricity, Gas
Trash Expense0.0
UtilitiesElectricityConnected, SewerConnected, WaterConnected
Water Sewer Expense500.0
Year Built1924
Year Built SourcePublicRecords
ZoningLAR3
Exterior for 702 W Vernon Avenue
Building Area Total4616.0
Crops Included Y/NNo
FencingWroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1701
Lot Size Area7408.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesOffStreet
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,314,999
MLS#DW25119012
List Date
05/28/2025
Property Type
Multi-Family
Phone
(310) 963-5595
