1474 W Vernon Avenue, Los Angeles, CA — listing photo 1
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FOR SALE

1474 W Vernon Avenue

Los Angeles, CA 90062
5 Beds
3 Baths
2,263 Sq Ft
Built 1911
$998,000
Price ReducedWas $1,199,000 — $998,000 (-$201,000)

Property Overview

Seller will consider buying down interest rate to approximately 4.5% for the first year! 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 2-bed / 1-bath units and one 1-bed/1 bath unit. 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. One of the 2 bedroom units can be delivered vacant.

Home Details

Property type
Residential Income
Year built
1911
Living area
2,263 sq ft
Lot size
5,721 sq ft
Parking
6 spaces
Stories
2
Days on market
162
MLS status
Active
Architectural style
Craftsman
Zoning
LARD1.5

Features & Amenities

Appliances

  • Refrigerator

Parking

  • Uncovered

Community, Schools & Utilities

Utilities

Heating
WallFurnace
Cooling
None
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Location & Neighborhood

1474 W Vernon Avenue

Los Angeles, CA 90062

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Frequently Asked Questions About 1474 W Vernon Avenue

Property type: Residential Income

The current asking price is $998,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1474 W Vernon Avenue. Our team will confirm availability and timing.
This 5 bedrooms and 3 bathrooms property offers approximately 2,263 square feet of living space. It was built in 1911. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 162 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Jennifer Stein
MLS ID: CLW-X80822

Available property

$998,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.