602 W Vernon Avenue, Los Angeles, CA 90037

Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
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#:CRSR25126853
Source:CAMAXMLS

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 #:CRSR25126853
  • Added:265 day(s) ago
  • Updated:November 26, 2025 at 03:02 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

Finances and disclosures

  • Price:$988,888
  • Price per sq. ft.:$260.23
MLS LogoBay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 26, 2025

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