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… Read More 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. Read Less
Property listed by First Team Real Estate, Gustavo Arias 323-819-0035
Listing Snapshot
Days Online
26
Last Updated
Property Type
Quadruplex
Beds
5
Full Baths
4
Square Ft.
2,366
Lot Size
0.13 Acres
Year Built
1949
MLS Number
PW26047544
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasRange, Refrigerator
Building
Built in 1949, Living area: 2366.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 2, Entry location: 1, Construction Materials: Stucco
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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