602 W Vernon Avenue, Los Angeles, CA 90037

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
602 W Vernon Avenue,Los Angeles, CA 90037
$988,888
  • - Beds
  • - Baths
  • 3,800 sq. ft.
  • Multi-family
  • Active
Listed by: deborah moussighi
Office: keller williams luxury
MLS#:SR25126853
Source:CRMLS

Price summary

  • Price:$988,888
  • Price per sq. ft.:$260.23

About this home

Development & Investment Opportunity: Fully RTI for 16 Units, Approved for Section 8 Presenting a prime investment and development opportunity with Fully RTI (Ready to Build Immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. The property is approved for Section 8, offering significant future rental income potential upon completion. Key Features: RTI for 16 Units: The property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream. Current Income: The existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-Section 8 tenants, providing reliable cash flow as you move forward with your development plans. Additional Room: An additional room in the duplex is available for rent, further increasing the property's rental income potential. Ellis Act Eligible: The property is eligible for the Ellis Act, offering

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Home facts

  • Year built:1912
  • Listing ID #:SR25126853
  • Added:352 day(s) ago
  • Updated:February 21, 2026 at 02:20 PM

Rooms and interior

  • Living area:3,800 sq. ft.

Structure and exterior

  • Year built:1912
  • Building area:3,800 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$988,888
  • Price per sq. ft.:$260.23
Based on information from California Regional Multiple Listing Service, Inc. as of February 21, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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