Property Details
About this Property
1945 W Vernon Ave,6.31% In-Place Cap, 7.79% Pro Forma | Owner-User 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. One unit offers the opportunity to live in one and lease the others. Key highlights: • 6.3`% in-place CAP, 7.79% pro forma CAP • One upgraded ready-to-rent. • Separate electric and gas meters • Two two-car garages generating additional rent to increase cashflow • Opportunity to install coin-op laundry for further NOI growth • 5,500 SF lot • Proven income-producing asset • Excellent 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.
MLS Listing Information
MLS #
CRPW26045448
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Laundry
None
Heating
Wall Furnace
Exterior Features
Roof
Other
Foundation
Slab
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Gate/Door Opener, Other, Private / Exclusive, Garage: 2 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1945 W Vernon is a Residential Income in Los Angeles, CA 90062. This – square foot property sits on a 5,502 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $999,990 and was built in 1949. This address can also be written as 1945 W Vernon, Los Angeles, CA 90062.
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This listing information is up-to-date as of March 08, 2026. For the most current information, please contact Gustavo Arias
