1945 W Vernon, Los Angeles, CA 90062
Quadruplex, Mid Century Modern - Los Angeles, CA
- Added:
- Mar 5, 2026
- Days on Market:
- 99
- Last Refresh:
- Jun 12 at 2:06 pm
Property Features for 1945 W Vernon
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Zoning
- LAR4
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- 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
- Standard status
- Active
- APN
- 5022009011
- 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
Listing agent Gustavo Arias License #01889399 (323) 819-0035
Listing office First Team Real Estate 3626 Long Beach Blvd., Newport Beach, CA (562) 270-0688
Listing date Mar 5, 2026
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.
HighLights
- High‑demand South Los Angeles location near USC, BMO Stadium, Exposition Park, and Metro transit.
- Strong income potential with a 6.31% in‑place cap rate and significant upside to a 7.79% pro forma cap rate.
- One upgraded vacant unit provides immediate owner‑user opportunity or lease‑up potential at market rent.
- Two two‑car garages generate additional rental income.
- Opportunity to increase Net Operating Income (NOI) further by installing coin‑operated laundry.
- Well‑maintained and turnkey condition, representing a stabilized, income‑producing asset.
Overview
Zoned LAR4, the asset sits on a 5,500 SF lot and is presented as a manageable, stabilized rental option in South Los Angeles. The remarks cite proximity to USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, supporting an area where tenants continue to look for convenient access to employment and entertainment.
For investors, this configuration offers immediate operational flexibility with a vacant unit ready to occupy or lease. For owner-users, the split of unit types and the presence of garage income can support a practical living-and-income setup. The seller also notes an opportunity to consider coin-op laundry installation to potentially enhance additional revenue, subject to applicable approvals.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.31542
- Latitude
- 34.00383
