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- LoopNet Team
902 W Vernon Ave
Los Angeles, CA 90037
Land For Sale · 0.14 AC
Investment Highlights
- Approx 30 Units, $26.3k per Buildable – 100% Affordable Housing Development
- Easy Public Transportation: 8 Bus Stops within 3 Blocks
- Across the Street from Elementary School & 6 Blocks to High School
- Centrally Located with Easy Access to 6 Freeways (110, 10, 405, 101, 5 & 60)
- 85/100 WalkScore offers Convenient Walking Access to all Amenities
- 1/2 Mile from Exposition Park & Play Ground
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.14 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.14 AC |
Description
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL DETAILS: OFFERING SUMMARY: 902 W. Vernon Ave in Los Angeles offers investors an approx. 30 unit development of affordable housing surrounded by all amenities including schools, markets and easy public transportation. The 6,292 SF corner lot (corner of Vernon & Orchard) is across from an elementary school and 6 blocks from a high school. The 85/100 WalkScore shows the easy walking access of all amenities like groceries, shopping, schooling and parks. Exposition Park & play ground one of the largest parks in the area is only ½ mile away. The nearby six freeways (110, 10, 405, 101, 5 & 60 Freeways) and the 8 bus stops withing 3 blocks allows for convenient transportation in any direction. DEMOGRAPHICS: Extremely dense location with the population within a 2 mile radius was estimated at over 238,000 as well as over 1,267,000 within a 5 mile radius, and this population is expected to continue to grow annually. The average household income was estimated at approximately $61,000 within a 2 mile radius. SALES PRICE: $875,000 – Approx 30 Units, $29k per Buildable – 100% Affordable Housing Development
PROPERTY TAXES
| Parcel Number | 5018-005-001 | Improvements Assessment | $22,593 |
| Land Assessment | $135,602 | Total Assessment | $158,195 |
PROPERTY TAXES
zoning
| Zoning Code | LAR3-1 |
| LAR3-1 |
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