205-207 W Vernon Ave
Los Angeles, CA 90037

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a seven unit apartment community located at 205 West Vernon Avenue in the South Los Angeles submarket. Positioned just one and a half miles from the University of Southern California, three miles from the Staples Center and L.A. Live, the property is located on Vernon Avenue between Main Street and Broadway. The offering represents a unique buying opportunity to acquire a property with value-add potential. Skirting the borders of Downtown, South Los Angeles rests in the shade of the buildings that rise from the city's center. Its boulevards fill with foot-traffic, theatres, and strip malls of fast-food restaurants. The diversity of this submarket is undeniable—Latino, Asian, African-American, and students from nearby USC make their home in this varied neighborhood. From its musical roots to its paradigm-challenging riots, the neighborhood's history is just as rich. The property is situated on a 5,880 square foot parcel and features three studios and four one-bedroom/one-bath units. Investors will have the opportunity to acquire a property at an attractive basis with future upside potential. Property Currently Operates as 7 Units; However, the Original Certificate of Occupancy Indicates Property is a Mixed-Use Building. Buyers must conduct their own due diligence regarding this matter.