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    1945 W Vernon Ave Los Angeles, CA 90062

    View on Map
    Sponsored
    For Sale
    $999,990

    Quadruplex, Mid Century Modern - Los Angeles, CA

    Type:Quadruplex
    Property size:
    2,366 SF
    Lot size:
    5,502.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 6 at 2:06 am

    Property Features for 1945 W Vernon Ave

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    LAR4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    4
    APN
    5022009011
    Parking
    4
    Parking features
    Garage
    Interior features
    2 Staircases, 2+ Access Exits, See Remarks
    Exterior features
    Fence, Community Features Included: Urban, 0-1 Unit/Acre
    Fencing
    Fenced
    Appliances
    Range, Range - Gas, Refrigerator
    Size
    2,366 SF
    Lot size
    5,502.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Modern

    We can help!

    Listing Contact
    Gustavo Arias

    First Team Real Estate (949) 988-3000

    Listing agent Gustavo Arias (562) 270-0688 License #01889399

    Listing date Mar 4, 2026

    MLS# PW26047544 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Los Angeles Quadruplex Investment Opportunity

    This well-maintained 4-unit investment property is located in a high-demand South Los Angeles corridor. The property, built in a Mid Century Modern style, delivers a 6.31% current cap rate with clear upside to 7.79% pro forma. It features three 1-bedroom/1-bath units and one upgraded 2-bedroom/1-bath unit that is currently vacant, offering immediate flexibility for an owner-occupant or lease-up at market rent. The property benefits from separate electric and gas meters. Two two-car garages generate additional rental income. There is an opportunity to install coin-op laundry for further NOI growth. The property is situated on a 5,500 square foot lot. This is a proven income-producing asset in 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 stabilized asset with embedded upside offers 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GBM FOOD-CHAIN SOLUTIONS ... Consultant BEST PRODUCE Warehouse & Storage

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.31542
    Latitude
    34.00383

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained 4-unit property with income and growth potential.
    Where is this quadplex located?
    The property is located at 1945 W Vernon Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $999,990.
    What are key features of this property?
    This property features: - High In-Place (6.31%) and Pro Forma (7.79%) Cap Rates indicate strong investment potential.; - One Upgraded Vacant 2-Bedroom Unit provides immediate owner-occupancy potential.; - Prime Location near USC, BMO Stadium, Exposition Park, Metro, and freeways ensures consistent rental demand.
    (562) 270-0688
    Request Owner's contact information
    1945 W Vernon Ave Los Angeles, CA 90062
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    Los Angeles, CA 90062
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1945 W Vernon Ave Los Angeles, CA 90062
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    We can help!
    Listing Contact
    Gustavo Arias
    Real Estate License ID: 01889399
    (562) 270-0688 (323) 819-0035
    Learn more
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