458 W Vernon, Los Angeles, CA 90037
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
458 W Vernon,Los Angeles, CA 90037
$805,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: joshua mcintire
Office: mcintire real estate inc.818-618-7990
MLS#:AR26037826
Source:CRMLS
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Price summary
- Price:$805,000
About this home
Major Price Reduction! Updated quadruplex with previously approved ADU expansion plans in the high-growth USC / Exposition Park corridor. Positioned on a prominent signalized corner at Vernon and Figueroa with immediate access to the 110 Freeway, this LAC2-zoned asset offers a rare combination of current income, operational upgrades, and long-term redevelopment potential.
The property has undergone significant improvements, including reglazed tubs and showers, upgraded plumbing components, gas line repairs and seismic valve work, refreshed interiors, and multiple system upgrades completed during recent unit turns, resulting in strong long term potential and reduced deferred maintenance. The property is fully occupied with two tenants, delivering immediate cash flow with upside through rental growth and ADU expansion.
Previously approved plans allow for two additional 3-bedroom, 2-bath ADUs, creating a clear path to increased density and improved long-term returns. With C2 zoning flexibility, investors may also explore alternative redevelopment strategies consistent with the evolving South Figueroa corridor.
Located minutes from USC, BMO Stadium, the LA Memorial Coliseum, and Downtown Los Angeles, the property benefits from strong transit connectivity, walkability, and continued neighborhood revitalization. Separate electric and gas meters support efficient operations, while the corner lot exposure enhances long-term land value.
Ideal for investors seeking a great income property today with defined upside through expansion, repositioning, or redevelopment in one of Los Angeles’ most active growth corridors....
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Home facts
- Year built:1911
- Listing ID #:AR26037826
- Added:266 day(s) ago
- Updated:November 13, 2026 at 07:29 AM
Rooms and interior
- Flooring:Laminate
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1911
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$805,000
Parking
- Parking description:On Street
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