1474 W Vernon Avenue, Los Angeles, CA 90062

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1474 W Vernon Avenue,Los Angeles, CA 90062
$1,189,000
  • 5 Beds
  • 3 Baths
  • 2,263 sq. ft.
  • Multi-family
  • Active
Listed by: jennifer stein
Office: keller williams realty santa barbara805-319-5866
MLS#:26638505
Source:CRMLS

Price summary

  • Price:$1,189,000
  • Price per sq. ft.:$525.41

About this home

Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 6% 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.

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Home facts

  • Year built:1911
  • Listing ID #:26638505
  • Added:107 day(s) ago
  • Updated:May 24, 2026 at 10:39 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Kitchen Description:Refrigerator
  • Living area:2,263 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1911
  • Building area:2,263 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Craftsman
  • Levels:2 Story

Finances and disclosures

  • Price:$1,189,000
  • Price per sq. ft.:$525.41

Parking

  • Total parking spaces:6
  • Parking description:Uncovered
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