Los Angeles, CA 90037,532 W Vernon Avenue
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Los Angeles, CA 90037,532 W Vernon Avenue
Los Angeles, CA 90037,532 W Vernon Avenue
Los Angeles, CA 90037,532 W Vernon Avenue
Los Angeles, CA 90037,532 W Vernon Avenue
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Listed by Eric Delgado • Luxury Collective
$ 2,750,000
Est. payment /mo
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532 W Vernon Avenue Los Angeles, CA 90037

7,354 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,354 sqft

Price per Sqft $373

MLS Listing ID CRSR25254655

HOA Y/N No

Year Built 2023

Lot Size 7,248 Sqft

Property Sub-Type Other

Source Datashare California Regional

Property Description

Newly Built 5-Unit Apartment Building in South Los Angeles–Investor Ready! Immediate upside without displacing tenants, rent has never been raised, raising rent raises the Cap rate above 7% for an immediate value add. This stunning newer construction 5-unit multifamily property completed in 2023, offering a rare combination of modern design, premium finishes, and central location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and S of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes. Spread across three beautiful buildings, the property boasts an exceptional unit mix: One(1) spacious 1-bedroom, 1.5-bath ADU with off street parking spot and washer/dryer included; Two (2) large 3-bedroom, 3-bath townhouse-style units; Two (2) expansive 4-bedroom, 4-bath townhouse-style units The four front units span three stories each, while the rear ADU offers a comfortable two-story layout-each with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, you'll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting,

Location

State CA

County Los Angeles

Interior

Heating Other

Cooling Central Air

Flooring Laminate

Fireplace No

Appliance Dryer

Laundry Dryer, In Garage, Washer

Exterior

View Other

Building

Lot Description Back Yard, Front Yard


Bay East Association of Realtors
Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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