1474 W Vernon AVE, Los Angeles, CA 90062
1474 W Vernon AVE, Los Angeles, CA 90062
1474 W Vernon AVE, Los Angeles, CA 90062
29
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$998,000
Est. payment /mo
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5 Beds
3 Baths
2,263 SqFt
Price Dropped by $191K

1474 W Vernon AVE Los Angeles, CA 90062

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Shauna Hernandez

Shauna Hernandez

+1(805) 668-4865

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Price per Sqft $441

MLS Listing ID 26638505

Bedrooms 5

HOA Y/N No

Year Built 1911

Lot Size 5,719 Sqft

Property Description

Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 7.4% Cap Rate with additional rent upside potential. The property features two spacious VACANT 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Uncovered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5016002003

Financing Cash,Conventional,FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jennifer Stein Keller Williams Realty Santa Barbara #01786020

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Shauna Hernandez

Shauna Hernandez

Agent | License ID: 02226599

+1(805) 668-4865

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1474 W Vernon AVE

 
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