142 E Vernon Ave - Commercial LAND FOR SALE


Los Angeles, CA 90011- Vernon-Main6,599 SF
$745,000 USD
310-422-8052
142 E Vernon Ave, Los Angeles, CA for Sale
$745,000 USD
Commercial LAND - FOR SALE
1/4
6,599 SF

142 E Vernon Ave
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • Seller Has Paid $105,000 to Pull Permits
  • Market Rate Project
  • Ready To Build (RTI)
  • Delivered Vacant with No Tenant
  • Demolished with no Demo Costs
  • 12: 2 Beds, 4: 3 Beds

OVERVIEW

• 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.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/ACRE

$4,917,751/AC

PRICE/SF

$113 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Mixed Use, Multi-Family, Apartment Units

LAND ACRES

0.15 AC

LAND SF

6,599 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC2

APN/PARCEL ID

5109-001-007

ASK ABOUT THIS PROPERTY

Jon EmraniMarcus & MillichapMore Info
310-422-8052

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Jon EmraniMarcus & MillichapMore Info
310-422-8052

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.