1045 West Vernon Avenue
$1,300,000
—
4
3,574
3,574
$364
Description
Great investment opportunity for a builder to develop, and investor to buy and hold or as an owner-user property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unveil the potential of a prime development opportunity located in a bustling area of Los Angeles. Zoned C2-2D-CPIO and designated as a TOC Tier 3 site, this property provides substantial incentives for increased density and reduced parking requirements....Great investment opportunity for a builder to develop, and investor to buy and hold or as an owner-user property. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Unveil the potential of a prime development opportunity located in a bustling area of Los Angeles. Zoned C2-2D-CPIO and designated as a TOC Tier 3 site, this property provides substantial incentives for increased density and reduced parking requirements. The generous lot size and significant allowable floor area make it ideal for developers aiming to construct a high-density project. Key Features:Extensive Buildable Area: The property covers 9,757 sq. ft. with a buildable square footage of 58,542 sq. ft., offering ample space for a significant development. Optimized density and parking efficiency may provide a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. It's strategic location offers easy access to major transportation routes and urban amenities, ensuring strong demand and sustained growth potential. Units are comprised of three 1/1's and one 3/1. All information given is deemed reliable but not guaranteed. Buyer and buyers agent should perform their own investigation to confirm accuracy of information including but not limited to lot size, zoning, building requirements and restrictions. Call listing agent for additional information regarding current rent roll. 3 of the units may be delivered vacant at close of escrow. Showings will be by appointment only with accepted offer subject to interior inspection.
- Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES
Property Details for 1045 West Vernon Avenue
Zoning
LAR3
Parcel Number5020025034
Total Units4.0
Living Area3574
Source Living AreaVendor Enhanced
AreaLos Angeles Southwest (C34)
Vacancy Rate0
Lot Size Area9757
LISTING UPDATED: 09/24/2024 01:18 PM
Property Details for 1045 West Vernon Avenue
Status | Active |
---|---|
MLS # | 24-415361 |
Days on Market | 131 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | - |
Lot Size | 0.22 AC / 9,757 SF |
County | Los Angeles County |
Building Information for 1045 West Vernon Avenue
Stories3Residences-Year Built-Building Size-Lot Size0.22 AC / 9,757 SF
Property Information for 1045 West Vernon Avenue
Property History for 1045 West Vernon Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1045 West Vernon Avenue
Taxable ValueLand$714,000Additions$397,800Total$1,111,800
Tax Record2024$14,068 ($1,172 / month)
Home Facts
Total Finished SqFt3,574 SqFtAbove Grade Finished SqFt3,574 SqFtLot Size9,754 SqFtStyleQuadraplexZoningLAR3CountyLOS ANGELESAPN5020-025-034
Schools near 1045 West Vernon Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 2 | |||
Public - | K to 5 | |||
Public - | 6 to 11 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dr. James Edward Jones Primary Center PublicK to 2 | ||
Marguerite Poindexter Lamotte Elementary PublicK to 5 | ||
Barack Obama Global Preparation Academy Public6 to 11 | ||
Manual Arts Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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