1474 W Vernon Avenue, Los Angeles, CA 90062
List Price: $1.19M
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 88
5 Bedrooms · 3 Bathrooms · 2,263 sq ft
Property Type: ResidentialIncome
Year Built: 1911
Lot Size: 5,721 sq ft
MLS Number: 26638505
About This Property
Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 6% Cap Rate with additional rent upside potential. The property features two spacious VACANT 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.
Listing provided by: Jennifer Stein DRE #01786020 805-319-5866 Jen@JenSteinRealty.com, Keller Williams Realty Santa Barbara
Source: CRMLS, MLS #: 26638505
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.