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164 W Vernon Ave

Los Angeles CA 90037

4
4
2400 sq. ft.
5943 sq. ft.
Other
Currently for sale - view listing

Overview

Exclusive Investment Opportunity in Prime Los Angeles Location - 164 W Vernon Ave. Embrace the potential of this classic 4-unit residential property, offering a unique blend of charm and investment savvy. Nestled in the heart of Los Angeles, this property presents a rare opportunity for owner-occupants looking to delve into the art of house hacking or for astute investors aiming to maximize their portfolio with significant value-add prospects. Featuring two inviting structures, each with its own character - the front building houses Units #164 & #166, showcasing spacious 2-bedroom, 1-bath layouts brimming with natural light. The rear building introduces Units #164 1/2 & #166 1/2, comprising two efficiently designed studio units, one of which will be delivered vacant, ready for immediate occupation. The tenants are on month-to-month agreements. Additionally, the property may qualify for Fannie Mae's 5% down payment scheme for owner-occupants, subject to lender approval - an enticing incentive that amplifies investment appeal. Just minutes away from the University of Southern California (USC), Downtown LA (DTLA), and a host of iconic attractions including the Crypto Arena, Exposition Park, the upcoming Lucas Museum, the vibrant Art's District, LA Live, and the Banc of California Stadium, the location is nothing short of exceptional. Do not disturb tenants or walk the property.

Features

4 bedrooms
4 bathrooms
2400 sq. ft. floor area
5943 sq. ft. lot size
Other

Property history for 164 W Vernon Ave

2016
Sold
$480,000
01 Nov 2016 by Coral Romero

Happy sellers in Los Angeles

87%
87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 4 bedroom other properties in Los Angeles

In the last 12 months, 9 four-bedroom other properties similar to 164 W Vernon Ave, have been sold.

This represents a 50% decrease in four-bedroom other properties sales when compared to the previous 12 months.

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(619) 566-0008
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