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1226 W Vernon Avenue

Los Angeles (City), CA 90037
  • $760,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: RS24022171
$760,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Listing Agent(s): Michael Johnson of Realty Executives All Cities (562-925-1111)


Description

Ok. Come get it. This is a great fixer with income. Two separate buildings on a large lot. Large 4 Bedroom 2 Bathroom in the front with section 8 tenant. 1 Bedroom, 1 bath in the rear. Needs work. This is the perfect owner/owner property. FHA 203K renovation laon should do the trick. Only 3.5% down. Large backyard. Close to downtown, shopping and transportation. Property profile shows a 5 bedroom, 2 bath. Please do your own research concerning permits and everything else. Long driveway for multiple cars. Showing is subject to interior inspection. Property is priced to sell. Let's Go!! Contact me with any questions.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147104592
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1226 W Vernon Avenue Los Angeles (City), CA 90037

  • Price: $760,000
  • Status: Active
  • On Site: 23 Days
  • ID#: RS24022171
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1926
Built
Neighborhood:
C23 - Metropolitan
County:
Los Angeles
Area:
C23 - Metropolitan
Property Description
Ok. Come get it. This is a great fixer with income. Two separate buildings on a large lot. Large 4 Bedroom 2 Bathroom in the front with section 8 tenant. 1 Bedroom, 1 bath in the rear. Needs work. This is the perfect owner/owner property. FHA 203K renovation laon should do the trick. Only 3.5% down. Large backyard. Close to downtown, shopping and transportation. Property profile shows a 5 bedroom, 2 bath. Please do your own research concerning permits and everything else. Long driveway for multiple cars. Showing is subject to interior inspection. Property is priced to sell. Let's Go!! Contact me with any questions.
Exterior Features

Entry Level 1 Entry Location Street Fencing Chain Link Lot Features Front YardLawnNo LandscapingNear Public TransitPavedStreet LevelWalkstreetYard Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type Alley

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating CentralWall Furnace Heating YN Yes Interior Features Laminate CountersBedroom on Main Level

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.9 Common Interest None Community Features CurbsStreet LightsSidewalks Contingency Subject to 1031 Deferred exchange or 453 Exchange Current Financing None Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 50400 Insurance Expense 2700 Land Lease Amount 0 Land Lease YN Yes Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanConventional1031 ExchangeFHA 203(k) Net Operating Income 29680 New Construction YN No New Taxes Expense 9500 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 20720 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 800 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 2520 Vacancy Allowance Rate 5 Water Sewer Expense 4000 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Michael Johnson of Realty Executives All Cities (562-925-1111)