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$821,000
Est. payment /mo
5,005 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25276389
HOA Y/N No
Year Built 1911
Lot Size 5,005 Sqft
Property Sub-Type Mixed Use
Property Description
Prime mixed-use investment opportunity located at 348 W Vernon Ave, Los Angeles. This versatile property features a street-level commercial storefront currently used as a retail space, plus three residential units, offering multiple income streams in a high-demand urban corridor.
The commercial unit benefits from strong street exposure along Vernon Avenue, with a wide storefront window, security gate, and flexible interior layout ideal for retail, office, or service-oriented uses. Excellent visibility and signage potential enhance business appeal.
The residential component consists of three separate units, including a combination of single-story and upper-level unit with private entrances. Units feature functional floor plans, natural light, and practical layouts suitable for long-term tenants. A shared courtyard and on-site access provide convenience and separation from the commercial space.
The property sits on a fully improved lot with alley access, 3 individual meters, and a layout conducive to efficient management. Aerial views highlight proximity to major thoroughfares, public transportation, and nearby freeways, offering easy access to Downtown Los Angeles and surrounding neighborhoods.
Located in a strong rental market with consistent demand for both residential and commercial space, this asset presents an excellent opportunity for investors, owner-users, or those seeking to reposition a mixed-use property for increased cash flow.
Zoned for mixed use. Buyer to verify all zoning, unit count, and permitted uses with the City of Los Angeles.
The commercial unit benefits from strong street exposure along Vernon Avenue, with a wide storefront window, security gate, and flexible interior layout ideal for retail, office, or service-oriented uses. Excellent visibility and signage potential enhance business appeal.
The residential component consists of three separate units, including a combination of single-story and upper-level unit with private entrances. Units feature functional floor plans, natural light, and practical layouts suitable for long-term tenants. A shared courtyard and on-site access provide convenience and separation from the commercial space.
The property sits on a fully improved lot with alley access, 3 individual meters, and a layout conducive to efficient management. Aerial views highlight proximity to major thoroughfares, public transportation, and nearby freeways, offering easy access to Downtown Los Angeles and surrounding neighborhoods.
Located in a strong rental market with consistent demand for both residential and commercial space, this asset presents an excellent opportunity for investors, owner-users, or those seeking to reposition a mixed-use property for increased cash flow.
Zoned for mixed use. Buyer to verify all zoning, unit count, and permitted uses with the City of Los Angeles.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry None, See Remarks
Building
Lot Description 2-5 Units/Acre, Rectangular Lot
Story 2
Water Public
Others
Tax ID 5110003004
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard, Trust
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Listed by Anabella Jimenez Century 21 Realty Masters 323-304-5760
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Terrance Scotton
Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256
Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256