522 W Vernon Avenue, Los Angeles, CA 90037
List Price: $1.6M
Listing Status: Active
Original List Price: $1.8M
0Days on Market: 177
9 Bedrooms · 5 Bathrooms · 3,346 sq ft
Property Type: ResidentialIncome
Year Built: 1904
Lot Size: 7,248 sq ft
Private Pool: Yes
MLS Number: 25607053
About This Property
Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio.The owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential. Strong tenant is paying $12,500 per month plus all utilities. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors seeking a multi-purpose asset in a growing area.
Listing provided by: Shahram Shamounpour DRE #02122389 310-432-6400 Californialuxuryinvestments@gmail.com, Keller Williams Beverly Hills
Source: CRMLS, MLS #: 25607053
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