164 W Vernon Avenue Los Angeles, CA 90037

Exclusive Investment Opportunity in Prime Los Angeles Location - 164 W Vernon Ave. Embrace the potential of this classic 4-unit residential property, offering a unique blend of charm and investment savvy. Nestled in the heart of Los Angeles, this property presents a rare opportunity for owner-occupa...nts looking to delve into the art of house hacking or for astute investors aiming to maximize their portfolio with significant value-add prospects. Featuring two inviting structures, each with its own character - the front building houses Units #164 & #166, showcasing spacious 2-bedroom, 1-bath layouts brimming with natural light. The rear building introduces Units #164 1/2 & #166 1/2, comprising two efficiently designed studio units, one of which will be delivered vacant, ready for immediate occupation. The tenants are on month-to-month agreements. Additionally, the property may qualify for Fannie Mae's 5% down payment scheme for owner-occupants, subject to lender approval - an enticing incentive that amplifies investment appeal. Just minutes away from the University of Southern California (USC), Downtown LA (DTLA), and a host of iconic attractions including the Crypto Arena, Exposition Park, the upcoming Lucas Museum, the vibrant Art's District, LA Live, and the Banc of California St Continue reading