1945 W Vernon Los Angeles, CA 90062
5 Beds
4 Baths
2,366 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
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
HOA Y/N No
Year Built 1949
Lot Size 5,501 Sqft
Property Sub-Type Quadruplex
Property Description
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
Area Phht - Park Hills Heights
Zoning LAR4
Rooms
Main Level Bedrooms 5
Interior
Interior Features Multiple Staircases, Bedroom on Main Level
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator
Laundry None
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Average Condition
Pool None
Community Features Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Accessibility Safe Emergency Egress from Home, See Remarks
Porch None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Quadruplex
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Schools
School District Los Alamitos Unified
Others
Senior Community No
Tax ID 5022009011
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, FHA, Fannie Mae
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, FHA, Fannie Mae
Special Listing Condition Standard
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