Listed by Marcus & Millichap - Los Angeles
$745,000
142 E Vernon Ave
Details
APN 5109-001-007
Property Type Land, Mixed Use
Sub Type Apartment Building, Residential
Price per SqFt $115
Broker Co-Op Yes
Lot Size (SqFt) 6,448
Zoning LAC2
Investment Type Redevelopment
Ground Lease No
Ownership Fee Simple
VACANT LAND | 6,448 SF | 5-STORY, MIXED-USE DEVELOPMENT SITE
Marketing description
Marcus and Millichap is pleased to present the opportunity to acquire 142 E Vernon Ave, an RTI (Ready-to-Issue) development site located in the 90011 zip code of Los Angeles.
- RTI Permits Paid – Seller has pulled and paid approximately $105,000 for RTI permits.
- Desirable Unit Mix – Project consists of 12 two- and 4 three-bedroom units to attract a diverse tenant base and maximize rental income.
- On-Grade Parking – Convenient and accessible parking solution, eliminating the need for costly subterranean or structured parking.
- No Relocation or Demolition Fees – No existing tenants or structures requiring removal, minimizing upfront costs and project complexities.
- High Rental Demand Area – Strong market demand ensures consistent occupancy rates and attractive rental yields.
- Convenient Access to 110 & 10 Freeways – Easy connectivity to downtown Los Angeles, surrounding neighborhoods, and key business districts.
- Proximity to Local Amenities – Close to a variety of shops, restaurants, and essential community services, enhancing livability and tenant appeal.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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