$3,000,000
$3M PRICE INCREASE

701 W Vernon Ave Los Angeles, CA 90037

Vermont Square Neighborhood

Estimated payment $18,984/month

Total Views 75,061
0.22 Acre
$13,580,806 Price per Acre
9,622 Sq Ft Lot

About This Lot

PCS Group is pleased to exclusively present for sale an RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit. This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.

Listing Agent

Amir Lashgari

Nest Seekers License #01976006 Listed on: 08/07/2024

Nest Seekers

Property Details

Property Type

  • Land

Lot Details

  • 9,622 Sq Ft Lot
  • Property is zoned LAC2

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5019-009-030

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: PCS Group is pleased to exclusively present for sale an RTI 40 Unit 4 Story 100% Affordable Housing project at 701 & 649 W VERNON AVE. The offering includes Type V-A Units with 6 units set aside for Low income per Schedule VI, 33 units set aside for low income per Schedule I, and 1 unit reserved as a managers unit. This offering consists of 9,619 square feet of land, zoned C2, and is well located roughly a mile from USC. This project is 100% privately funded with no tax credits and is not public housing. The proposed project sets aside 100% of units for affordable housing.
  • Lot Acreage: 0.2209
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5019-009-030
  • Lot Size Area: 9622
  • Potential Usage: 40 UNITS

Map

Range of Values:

Collateral Analytics

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ICE

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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

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Price Changed $3,000,000 +25.0% --
09/06/2024 09/06/24 Price Changed $2,400,000 +239999900.0% --
08/07/2024 08/07/24 For Sale $1 -- --
Source: The MLS

Source: The MLS

MLS Number: 24-423399

The MLS
California Los Angeles County Los Angeles 90037 Vermont Square

701 W Vernon Ave, Los Angeles, CA

This home is located at 701 W Vernon Ave, Los Angeles, CA 90037 and is currently priced at $3,000,000. 701 W Vernon Ave is a home located in Los Angeles County with nearby schools including Marguerite Poindexter Lamotte Elementary, Dr. James Edward Jones Primary Center, and John Muir Middle School.

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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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Amir Lashgari
Listing Agent
Amir Lashgari
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Nest Seekers
(213) 921-6292