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.
Property Details
Property Features
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Amir Lashgari
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.22 Acres
Other
Directions Information:
Directions: East of Fwy 110, on West Vernon Ave
Price Information
Listing Price Info
Price Summary:
List Price: $3,000,000
Tax Information:
Annual Amount: $1,632
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24423399
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Amir Lashgari
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 11:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,632
$87,527
2020
$1,596
$86,631
2019
$1,393
$84,933
2018
$1,453
$83,268
2017
$1,453
$81,636
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Marguerite Poindexter LaMotte Elementary School
4410 Orchard Ave
Distance between this listing and this school0.17 miles
Public District Grades KG-5
5
/10
West Vernon Avenue Elementary
4312 S Grand Ave
Distance between this listing and this school0.33 miles
Public District Grades KG-5
5
/10
Menlo Avenue Elementary
4156 Menlo Ave
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Nearby Schools
4
/10
Isana Himalia Academy
5100 S Broadway
Distance between this listing and this school0.70 miles
Public Charter Grades KG-8
4
/10
Alliance College-Ready Middle Academy 12
131 E 50th St
Distance between this listing and this school0.84 miles
Public Charter Grades 6-8
6
/10
Accelerated
4000 S Main St
Distance between this listing and this school0.85 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Manual Arts High School
4131 S Vermont Ave
Distance between this listing and this school0.47 miles
Public District Grades 9-12
8
/10
Alliance Patti and Peter Neuwirth Leadership Academy
4610 S Main St
Distance between this listing and this school0.72 miles
Public Charter Grades 9-12
8
/10
Ednovate - Usc Hybrid High College Preparatory
3939 S Vermont Ave
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $30,441. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 701 W Vernon Ave
What is the listing price of this property?
The listing price of 701 W Vernon Ave property is $3,000,000.
What type of property is this?
The property 701 W Vernon Ave is land located in Los Angeles, California, 90037.
Is this property for sale now?
Active Listing: 701 W Vernon Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,632 (source: MLS/based on county public records data).
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This home is located at 701 W Vernon Ave in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This home sits on a 0.22 acre lot. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $3,000,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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