532 W Vernon, Los Angeles, CA 90037
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
532 W Vernon,Los Angeles, CA 90037
$2,500,000
- 11 Beds
- 12 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: william pasqualino, angelina pasqualino
Office: harcourts prime properties
MLS#:OC26039085
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,500,000
About this home
Luxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non-rent-controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4-bedroom / 4-bathroom residence and a 3-bedroom / 3-bathroom unit. The third building consists of a detached ADU offering a well-designed 1-bedroom / 1.5-bathroom layout. All units showcase modern open-concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in-unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2-car garages with EV charging capability, enhancing tenant appeal and long-term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in-place income, and long-term appreciation potential in one of Los Angeles most active rental corridors....
Contact an agent
Home facts
- Listing ID #:OC26039085
- Added:15 day(s) ago
- Updated:March 29, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:12
Heating and cooling
- Cooling:Central Forced Air
Structure and exterior
- Levels:3 Story
Finances and disclosures
- Price:$2,500,000
New listings near 532 W Vernon
- New
$79,500Active0.39 Acres0 Lincoln Park Ave, Los Angeles, CA 90031
MLS# DW26067426Listed by: THE REAL ESTATE STORE INC. - New
$699,900Active-- beds -- baths1 sq. ft.1059 S Record, Los Angeles, CA 90023
MLS# PW26067427Listed by: EXCELLENCE RE REAL ESTATE - New
$1,290,000Active3 beds 4 baths1,777 sq. ft.6919 Knowlton Place, Los Angeles, CA 90045
MLS# OC26064841Listed by: BIG BLOCK PREMIER - New
$950,000Active3 beds 3 baths2,306 sq. ft.9827 Sylvia Avenue, Northridge, CA 91324
MLS# SR26067301Listed by: RODEO REALTY - New
$1,198,000Active2 beds 3 baths1,628 sq. ft.1830 Stoner Avenue #1, Los Angeles, CA 90025
MLS# WS26066147Listed by: DENGO INVESTMENT INC. - New
$2,495,000Active3 beds 3 baths2,338 sq. ft.8754 Arlene Terrace, Los Angeles, CA 90046
MLS# 26664767Listed by: PRIVATE BEVERLY HILLS - Open Sat, 1 to 4pmNew
$1,290,000Active3 beds 4 baths1,777 sq. ft.6919 Knowlton Place, Los Angeles, CA 90045
MLS# OC26064841Listed by: BIG BLOCK PREMIER - New
$4,826,000Active6 beds 6 baths5,525 sq. ft.11826 Kling Street, Valley Village, CA 91607
MLS# SR26060969Listed by: KELLER WILLIAMS LUXURY
$920,000Pending5 beds 4 baths2,272 sq. ft.18206 Napa, Northridge, CA 91325
MLS# 226001442Listed by: EXP REALTY OF CALIFORNIA INC- New
$899,000Active2 beds 3 baths1,942 sq. ft.6250 Hollywood Boulevard #4E, Los Angeles, CA 90028
MLS# 26670881Listed by: THE PROPERTY LAB, INC.