532 W Vernon Avenue new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25224125
Bedrooms 11
Lot Size 7,248 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Newly Built 5-Unit Apartment Building in South Los Angeles Investor Ready! Immediate value-add opportunity with rents positioned below market, allowing income growth from day one of ownership, raising the Cap rate above 7%.. This stunning newer construction 5-unit multifamily property completed in 2023, offering a rare combination of modern design, premium finishes, and central location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and south of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes. Spread across three beautiful buildings, the property boasts an exceptional unit mix: One (1) spacious 1-bedroom, 1.5-bath ADU with off street parking spot and washer/dryer included; Two (2) large 3-bedroom, 3-bath townhouse-style units; Two (2) expansive 4-bedroom, 4-bath townhouse-style units The four front units span three stories each, while the rear ADU offers a comfortable two-story layouteach with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, youll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting, and energy-efficient systems. The 3 & 4 Bedroom units each have their own 2-car garage with washer/dryers included. For energy efficiency, each unit also has solar panels with installed meters. Location is key, and this property deliversjust two miles from USC, making it a prime choice for
Location
State CA
County Los Angeles
Zoning Seller
Direction W. Vernon Ave. & S. Figueroa St.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5018033019