#24430287, Gabriela Lambert, Listing Office: Innovative Property Strategies
#25494889·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Jake Glaser·
Listing Office Phone: 310-425-9838
257 E Vernon Ave Los Angeles, CA 90011
$1,300,000 List price
0.2 acres
Land
Property details
About 257 E Vernon Ave
257 E Vernon Ave is a former Church's Chicken restaurant & vacant land development opportunity in a prime South Central location. The 10,305 square foot corner-lot hosts an 800 square foot vacant restaurant space, formerly occupied by Church's Chicken, a national QSR tenant. The all-electric structure was built in 1969 and does not currently have a drive thru component. The tenant's absolute NNN lease expired on Dec 27, 2024, so the lot is now completely vacant. 257 E Vernon is zoned for multifamily use with an LAR3 zoning and Tier 3 TOC designation, and as an ED1 eligible site, it provides the perfect multifamily development opportunity for both market rate, TOC and affordable projects. The site also provides the opportunity to be re-tenanted at market rents with a new restaurant operator, or to be redeveloped for a build-to-suit quick service restaurant. The parcel is a quarter-acre hard signalized corner at the intersection of Vernon & San Pedro, located in a dense infill area with high traffic counts and strong foot traffic. The R3 - TOC 3 zoning allows for +/- 12 residential units by right, up to +/- 26 units utilizing the CHIP (Citywide Housing Incentive Program), or 75+ units via Unlimited Density with an ED1 100% Affordable Project (Buyer to verify). At $126/SF of land, no RSO obligations, no relocation fees, and no Ellis Act requirements, this site is priced to sell. With easy access to the 110 and 10 freeways, future tenants will have an easy commute across the entire Greater LA area. [VISIT PROPERTY WEBSITE HERE: https://www.lamultifamilybroker.com/listings/257-e-vernon-ave-2].
Highlights
Home typeOther
StatusActive
Lot size0.2366 Acres
MLS #25494889
Summary
- MLS Number: 25494889
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 425-9838
- Listing Agent: Jake Glaser
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: 2/6/2025, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,300,000
257 E Vernon Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 01, 2024 | Home Sold | $1,200,000 |
| Nov 28, 2005 | Home Sold | $667,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $464,621 | $6,320 |
| 2023 | $455,512 | $6,210 |
| 2022 | $446,581 | $5,946 |
| 2021 | $437,826 | $5,881 |
| 2020 | $433,337 | $5,722 |
| 2019 | $424,841 | $5,481 |
| 2018 | $416,512 | $5,368 |
| 2017 | $408,346 | $5,368 |
History based on county public records data.
Nearby schools
3
Ricardo Lizarraga Elementary
Public District KG-5
0.5 mi
•401 E 40th Pl
5
West Vernon Avenue Elementary
Public District KG-5
0.5 mi
•4312 S Grand Ave
4
Gabriella Charter 2
Public Charter KG-5
0.6 mi
•3736 Trinity St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,222. The most common annual income of people living in Los Angeles, CA is less than $<35k. The most common type of family is married, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
60%
<35k
30%
35k-100k
6%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
21%
Single, No Kids
28%
Single, with Kids
10%
Married, No Kids
41%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
12%
12-17 yrs old
32%
18-34 yrs old
29%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 257 E Vernon Ave
This home is located at 257 E Vernon Ave in Los Angeles, CA and zip code 90011 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $1,300,000.
In January 2025, from all listings sold in Los Angeles, CA there were more than 294 sold above asking price, over 545 sold below and more than 161 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 20.1% between December and January 2025. While the average time on the market in January 2025 was 45 days, the median list price was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.