Property Details
About this Property
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 vacant — 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.
MLS Listing Information
MLS #
CRPW26047544
MLS Source
California Regional MLS
Days on Site
4
Interior Features
Bedrooms
Ground Floor Bedroom
Appliances
Oven Range - Gas, Refrigerator
Dining Room
Dining Area in Living Room
Fireplace
None
Flooring
Laminate
Laundry
None
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Shingle
Foundation
Slab
Pool
None
Parking, School, and Other Information
Garage/Parking
Attached Garage, Garage: 4 Car(s)
HOA Fee
$0
Zoning
LAR4
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
1945 W Vernon is a Quadruplex in Los Angeles, CA 90062. This 2,366 square foot property sits on a 5,502 Sq Ft Lot and features 5 bedrooms & 4 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
