Los Angeles, CA 90037 702 W Vernon Avenue
$1,314,999
Presented By: Juan Carlos Martinez with Juan Carlos Martinez; 562-469-0770
- MLS# DW25021564
- 01/29/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 4,616
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
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Total Stories2
Other Rooms
Entry Level1
General for 702 W Vernon Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeRealEstate, Rental
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Current UseResidential, SingleFamily
DirectionsHeading West on W. Vernon Ave, property is on right hand side off the main street.
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional, Exchange1031, Fha203b, Fha203k, FHA, Submit, VaLoan
Lot Size Square Feet7405.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total39
Number of Units Leased6
Occupancy TypeTenant
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1924
Year Built SourcePublicRecords
ZoningLAR3
Exterior for 702 W Vernon Avenue
Building Area Total4616.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate