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$969,900

Est. payment - /mo

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5 Beds

4 Baths

2,366 SqFt

Price Dropped by $5K

1945 W Vernon Los Angeles, CA 90062

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Wendy Carter

wendy@wendycarter.com +1(858) 716-6750

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Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,366 sqft

Price per Sqft $409

MLS Listing ID PW26047544

Bedrooms 5

Full Baths 4

Year Built 1949

Lot Size 5,502 Sqft

Property Sub-Type All Other Attached

Property Description

1945 W Vernon Ave | 6.31% In-Place Cap | 7.79% Pro Forma | Owner-User Optional Well-maintained 4-unit investment property delivering a 6.31% current cap rate with clear upside to 7.79% pro forma in a high-demand South Los Angeles corridor. The property consists of three 1-bedroom/1-bath units and one upgraded 2-bedroom/1-bath. A 1/1 unit is currently available offering immediate flexibility for an owner-occupant or lease-up at market rent. Key highlights: 6.3`% in-place CAP | 7.79% pro forma CAP One upgraded vacant unit ready for immediate occupancy or lease Separate electric and gas meters Two two-car garages generating additional rental income Opportunity to install coin-op laundry for further NOI growth 5,500 SF lot Proven income-producing asset Maintained and turnkey condition Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside offering both strong current yield and operational growth potential in one of Los Angeles most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.

Location

State CA

County Los Angeles

Zoning LAR4

Direction From 110 Fwy West on Vernon

Interior

Interior Features 2 Staircases

Heating Wall/Gravity

Flooring Laminate

Fireplace No

Appliance Refrigerator, N/K, Gas Range

Exterior

Parking Features Garage - Two Door

Garage Spaces 4.0

Fence Average Condition

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

Roof Type Shingle

Accessibility 2+ Access Exits, See Remarks

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5022009011

Acceptable Financing Cash, Cash To Existing Loan, Cash To New Loan, Conventional, FHA

Listing Terms Cash, Cash To Existing Loan, Cash To New Loan, Conventional, FHA

Special Listing Condition Standard

Listed by Gustavo Arias, DRE#01889399 First Team Real Estate

Nearby School & Business

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Wendy Carter

Real Estate Agent | CA DRE#02059416

+1(858) 716-6750

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