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Search Cali Homes Team
522 W Vernon Avenue, Los Angeles, CA 90037
- $1,600,000
- 9
- BD
- 5
- BA
- 3,346
- SqFt
Listing courtesy of Listing Agent: Shahram Shamounpour (Californialuxuryinvestments@gmail.com) from Listing Office: Keller Williams Beverly Hills.
- List Price
- $1,600,000
- Status
- ACTIVE
- Days on Market
- 292
- Price Change
- ▼ $200,000 1761131407
- MLS#
- 25607053
- Subtype
- Residential Income
- Year Built
- 1904
- Bedrooms
- 9
- Bathrooms
- 5
- Living Area
- 3,346
- Lot Size
- 7,248
- Acres
- 0.17
- MLS Area Major
- Downtown L.A. (C42)
Property Description
Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio.The owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential. Strong tenant is paying $12,500 per month plus all utilities. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors seeking a multi-purpose asset in a growing area.
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Additional Information
- Zoning
- LAC2
- Flooring
- Laminate
- Heating
- Wall Furnace
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- Driveway
- View
- City Lights
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.