$975,000

205 W Vernon Ave Los Angeles, CA 90037

Historic South Central Neighborhood

Estimated payment $6,313/month

Total Views 43
5 Beds
7 Baths
3,655 Sq Ft
$267 Price per Sq Ft

About This Home

We are pleased to present this 7-unit apartment community located at 205 W Vernon Ave, less than 10 minutes away from Downtown Los Angeles, offered at a 7.22 GRM and 7.08% CAP on current rents with upside potential to achieve an 8.85% CAP and 6.35 GRM with proforma rents. This opportunity consists of a two-story building offering a total of 3,655 rentable square feet. Built in 1907, the property is situated on a 5,881 square foot LAC2 zoned lot with five uncovered parking spaces in the rear. The unit mix consists of one (1) two bedroom one-bathroom unit, three (3) one bedroom one-bathroom units and three (3) studio units with 4 out of 7 units having been renovated. One (1) one bedroom unit will be delivered VACANT. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superiors Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.

Listing Agent

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 12/09/2025

Co-Listing Agent

Vincent Cook

Kidder Mathews of California, Inc License #02012324

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,405

Year Built

  • Built in 1907

Lot Details

  • 5,881 Sq Ft Lot

Interior Spaces

  • 3,655 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Parking

  • 5 Parking Spaces
  • Auto Driveway Gate

Community Details

  • 7 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5111-010-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,405

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3655
  • Lot Acreage: 0.1350
  • Probate: No
  • Stories: 2
  • Year Built: 1907
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 266.76

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway Gate
  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 36.89
  • Assessed Improvement Value: 415582
  • Assessed Land Percent: 63.11
  • Assessed Land Value: 710868
  • Total Assessed Value: 1126450
  • Assessor Parcel Number: 5111-010-017
  • Lot Size Area: 5881

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 7.22
  • Number Of Units: 7
  • Rent Control: 100
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 3.00

Tax Info

  • Private Transfer Taxes: No

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,405 $1,126,450 $710,868 $415,582
2024 $14,238 $1,104,364 $696,930 $407,434
2023 $13,975 $1,082,711 $683,265 $399,446
2022 $13,353 $1,061,482 $669,868 $391,614
2021 $13,183 $1,040,670 $656,734 $383,936
2020 $13,556 $1,050,600 $714,000 $336,600
2019 $4,994 $344,544 $172,272 $172,272
2018 $4,863 $337,790 $168,895 $168,895
2016 $4,588 $324,676 $162,338 $162,338
2015 $4,530 $319,800 $159,900 $159,900
2014 $4,553 $313,536 $156,768 $156,768
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2025 12/09/25 For Sale $975,000 -5.3% $267 / Sq Ft
04/09/2019 04/09/19 Sold $1,030,000 -4.2% $282 / Sq Ft View Prior Sale
01/31/2019 01/31/19 Pending -- -- --
01/17/2019 01/17/19 Price Changed $1,075,000 -7.7% $294 / Sq Ft
11/12/2018 11/12/18 For Sale $1,165,000 0.0% $319 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/15/2018 10/15/18 For Sale $1,165,000 -- $319 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Accommodation
Grant Deed $1,030,000 None Available
Grant Deed $300,003 Provident Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $270,000 Seller Take Back
Source: Public Records

Source: The MLS

MLS Number: 25626981

The MLS

APN: 5111-010-017

California Los Angeles County Los Angeles 90037 Historic South Central

205 W Vernon Ave, Los Angeles, CA

For Sale

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Casey Lins
Listing Agent
Casey Lins
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Kidder Mathews of California, Inc.
(714) 333-6768