1945 W Vernon
Los Angeles, CA 90062
- Bedrooms
- 5
- Bathrooms
- 4
- Interior
- 2,366 sq ft
- Year Built
- 1949
About this residence
1945 W Vernon Ave | 6.31% In-Place Cap | 7.79% Pro Forma | Owner-User Optional Well-maintained 4-unit investment property delivering a 6.31% current cap rate with clear upside to 7.79% pro forma in a high-demand South Los Angeles corridor. The property consists of three 1-bedroom/1-bath units and one upgraded 2-bedroom/1-bath. A 1/1 unit is currently available — offering immediate flexibility for an owner-occupant or lease-up at market rent. Key highlights: • 6.3`% in-place CAP | 7.79% pro forma CAP • One upgraded vacant unit ready for immediate occupancy or lease • Separate electric and gas meters • Two two-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,500 SF lot • Proven income-producing asset • Maintained and turnkey condition Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
Features & finishes
- MultipleStaircases,BedroomOnMainLevel
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $410/sq ft
- Days on market
- 112 days
- Year built
- 1949
- HOA fee
- $0/mo
- View
- None
- Parking
- 4 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- PW26047544
Location & neighborhood
1945 W Vernon, Los Angeles, CA 90062
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Mortgage calculator
- Principal & interest$4,904
- Property taxes$1,471
- Insurance$404
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of First Team Real Estate · MLS PW26047544. Information deemed reliable but not guaranteed; buyers should independently verify all details.
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