701 West Vernon Avenue

Los Angeles, CA 90037

$3,000,000
Price
9,622 / 0.22
Lot Size / Acres

Description

PCS Group is pleased to exclusively present for sale an RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit. This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public...PCS Group is pleased to exclusively present for sale an RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit. This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.
  1. Listed by Amir Lashgari • DRE #01976006 • Brokerage DRE #01854200 • KW Advisors

Property Details for 701 West Vernon Avenue

Zoning
LAC2
Parcel Number
5019009030
Area
Downtown L.A. (C42)
Lot Size Area
9622
Source Lot Size Area
Vendor Enhanced
Potential Usage
40 UNITS
Assessor Parcel Number
5019-009-030
Directions
East of Fwy 110, on West Vernon Ave
LISTING UPDATED: 11/12/2024 10:45 AM

Property Details for 701 West Vernon Avenue

StatusActive
MLS #24-423399
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.22 AC
CountyLos Angeles County

Building Information for 701 West Vernon Avenue

Lot Size0.22 AC

Property Information for 701 West Vernon Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.2209
  • Lot Size Square Feet: 9622
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 08-07-2024

Property History for 701 West Vernon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 West Vernon Avenue

Taxable ValueLand$1,511,640Additions-Total$1,511,640
Tax Record2024$18,763 ($1,564 / month)
Home Facts
Total Finished SqFt3,000 SqFtAbove Grade Finished SqFt3,000 SqFtLot Size9,620 SqFtStyleCommercialYear Built1925ZoningLAC2CountyLOS ANGELESAPN5019-009-030

Schools near 701 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 8
Public - 9 to 12
Rating
School
Distance
Dr. James Edward Jones Primary Center
PublicK to 2

Marguerite Poindexter Lamotte Elementary
PublicK to 5

John Muir Middle School
Public6 to 8

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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701 West Vernon Avenue is a 0.22 ac of land for sale in Los Angeles, CA 90037. This property was listed for sale on August 7, 2024 by KW Advisors, it's currently listed at $3,000,000. It has been on the market for a total of 107 days and was last sold on October 27, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. James Edward Jones Primary Center, Marguerite Poindexter Lamotte Elementary and John Muir Middle School. 701 West Vernon Avenue is a 0-bed, 0-bath, 0.22 ac of land on a 9,622 sq. ft. / 0.22 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Amir Lashgari, DRE #01976006

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.