Agent's remarks about 2712 W Vernon Ave
THE VERNON is comprised of 4 apartments and 1 commercial space constructed in the 1930's with parking. Located in highly desirable Leimert Park just south of the 10 FWY, less then 5 miles to DTLA, and less then 3 miles to USC. THE VERNON is a wonderful mix-use building with character in a strong sub market with high rental demand and constant gentrification/new development. Due to the current vacancy, investors can potentially realize immediate and strong in place cash flow with no relocation costs as well as future rental upside through additional unit turnover from occupied units. There may also be future development potential with a 7, 199 SF lot zoned LAC2 | TOC T3 | and in the Opportunity Zone within close proximity to the Crenshaw/Vernon Light Rail Project as well as Baldwin Hills Crenshaw Plaza Shopping Mall redevelopment. At only $170 per SF, this value add opportunity is priced to sell! May also be a great option for Owner User/SBA Financing (Small Business Administration).
Map location for 2712 W Vernon Ave
Directions: From Crenshaw - East on W Vernon Ave and property
Listing courtesy of Keller Williams Realty Calabasas Jared Levine BRE# 01804008
Based on information from California Regional Multiple Listing Service, Inc. 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.
The property on 2712 W Vernon Ave, Leimert Park, CA 90008 is listed for $1,275,000 as MLS #SR19048533. This 0 bedroom, 0 bathroom sqft built in 1930 located in Leimert Park, CA 90008. For more information regarding this or any other property in Leimert Park, please contact us at (424) 272-1339.
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