205 W Vernon Avenue

Property Overview

We are pleased to present this 7-unit apartment community located at 205 W Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at a 7.91 GRM on current rents with upside potential to achieve an 8.31% CAP and 6.24 GRM with proforma rents. This opportunity consists of a two-story building offering a total of 3,655 rentable square feet. Built in 1907, the property is situated on a 5,881-square-foot LAC2 zoned lot with five uncovered parking spaces in the rear. The unit mix consists of one (1) two-bedroom one-bathroom unit, three (3) one-bedroom one-bathroom units, and three (3) studio units, with 4 out of 7 units having been renovated. One studio and a one-bedroom unit will be delivered VACANT at closing. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superiors Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center, and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.

Home Details

Property type: Residential Income
Year built: 1907
Living area: 3,655 sq ft
Lot size: 5,881 sq ft
Parking: 5 spaces
Stories: 2
Days on market: 0
MLS status: Active
Zoning: LAC2

Features & Amenities

Parking

Assigned
Uncovered

Community, Schools & Utilities

Utilities

Heating: WallFurnace
Cooling: None

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90037

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 205 W Vernon Avenue

Property type: Residential Income

The current asking price is $895,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 205 W Vernon Avenue. Our team will confirm availability and timing.

This 5 bedrooms and 7 bathrooms property offers approximately 3,655 square feet of living space. It was built in 1907. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.