Mixed-Use
142 E Vernon Ave
142 E Vernon Ave, Los Angeles, CA 90011
Listing Price: $995,000
Investment Overview
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.
142 E Vernon Ave
Investment Highlights
- 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.
Exclusively Listed By
Listing Price: $995,000
Investment Highlights
- 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.
Investment Overview
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.
Exclusively Listed By
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