Home | Los Angeles County | Los Angeles | 90037 | 602 W Vernon Ave
MLS: CRSR25126853 | Status: Active | Price: $988,888
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,848 | 1912 |
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 flexibility for future redevelopment or adjustments to tenant occupancy. This is a rare opportunity for investors to take advantage of a fully RTI property, currently generating rental income with non-Section 8 tenants while offering strong future potential through Section 8 approval. With immediate cash
| Field | Value |
|---|---|
| MLS # | CRSR25126853 |
| MLS Source | California Regional MLS |
| Days on Site | 326 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Water | Other |
Deborah Moussighi
Keller Williams Luxury
License #: 01487871
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 2 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 4457 Mettler St | $797,777 | – | – | – | Active |
| 1016 W 51st Pl | $795,000 | – | – | – | Active |
| 736 W 41st Pl | $875,000 | – | – | – | Active |
| 3959 Halldale | $949,000 | – | – | – | Active |
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This listing information is up-to-date as of April 26, 2026. For the most current information, please contact Deborah Moussighi.