1945 W Vernon Ave, Los Angeles, CA 90062 (MLS # PW26047544)

Price $974,900
Status Active
Beds 5
Baths 4 Baths
Home size 2,366 sqft
Lot Size 5,502 sqft
Days on Market 0
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.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 5/13/2026 Year Built 1949
Garage Spaces 4.0 County Los Angeles

Price History

Prior to Mar 21, '26 $999,990
Mar 21, '26 - Mar 31, '26 $979,900
Mar 31, '26 - Apr 8, '26 $964,900
Apr 8, '26 - Apr 10, '26 $959,900
Apr 10, '26 - Apr 15, '26 $964,900
Apr 15, '26 - Apr 17, '26 $969,900
Apr 17, '26 - Apr 23, '26 $974,900
Apr 23, '26 - Apr 30, '26 $969,900
Apr 30, '26 - May 6, '26 $974,900
May 6, '26 - May 13, '26 $969,900
May 13, '26 - Today $974,900

Additional Details

APPLIANCES Gas Range, Refrigerator
CONSTRUCTION Stucco
GARAGE Yes
LOT 5502 sq ft
LOT DIMENSIONS 4,000-7,499 SF
SEWER Public Sewer
STORIES 2
UTILITIES Electricity Available, Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
WATER Public
Listed with First Team Real Estate

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Properties on this website was last updated as recently as 5/13/26 7:58 PM PDT.

This IDX solution is (c) Diverse Solutions 2026.

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