1945 W Vernon, Los Angeles, CA, 90062

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$979,900
16 Days On Site

1945 W Vernon
Los Angeles, CA 90062

For Sale|Quadruplex|Active
5
Beds
4
Total Baths
4
Full Baths
2,366
SqFt
$414
/SqFt
1949
Built
County:
Los Angeles
Listed by Gustavo Arias of First Team Real Estate GustavoArias@firstteam.com
1945 W Vernon1945 W Vernon1945 W Vernon1945 W Vernon
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Monthly Payment (Est.)

$4,471
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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.

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Listing Snapshot
Price 
$979,900
Days On Site 
16 Days
Bedrooms 
5
Inside Area (SqFt) 
2,366 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.1263 Acres
Year Built 
1949
MLS® Number 
PW26047544
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
12 hours agoPrice changed to $979,900
12 hours agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Acres 
0.1263
Foundation 
Slab
Garage 
Yes
Garage Spaces 
4
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
Garage
Parking Spaces 
4
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
Style 
MidCenturyModern
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
LAR4
Interior Features
Appliances 
Gas RangeRefrigerator
Fireplace Features 
None
Flooring 
Laminate
Heating 
Wall Furnace
Laundry Features 
None
Main Level Bedrooms 
5
Bathroom 
Bedroom 
Kitchen 
Features - Tile Counters
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Exterior Features
Construction Details 
Stucco
Patio And Porch 
None
Pool Features 
None
Road Frontage 
City Street
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Accessibility Features 
Safe Emergency Egress from Home
Building Access 
1
Financing Terms Available 
CashConventionalFHA
MLS Area 
PHHT - Park Hills Heights
Roads 
Paved
School District 
Los Alamitos Unified
Schools
School District
Los Alamitos Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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