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    Contemporary Los Angeles Fourplex Title is generated by Realmo AI

    1348 E Vernon Ave, Los Angeles, CA 90011

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    For Sale
    $2,345,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    5,927 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $395/SF
    Added:
    Sep 10, 2025
    Days on Market:
    249
    Last Refresh:
    May 16 at 4:06 am

    Property Features for 1348 E Vernon Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LARD1.5
    Bedrooms
    17
    Bathrooms
    12
    Rooms
    Bedroom 3, Bathroom 6, Bathroom 11, Bathroom 3, Bedroom 8, Bedroom 14, Bedroom 12, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 10, Bedroom 13, Bedroom 4, Bedroom 7, Bathroom 8, Bathroom 12, Bathroom 5, Bedroom 15, Family Room, Bedroom 17, Bedroom 9, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 1, Bathroom 9, Bedroom 5, Bathroom 7, Bedroom 16
    Parking
    8
    Parking features
    Driveway, Garage
    Window features
    Double Pane Windows
    Fireplace
    1
    Appliances
    Oven, Oven-Gas, Cooktop - Gas
    Standard status
    Active
    APN
    5107-003-007
    Size
    5,927 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Electric (Heating), Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    2022
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Roof type
    Composition
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Joe Myers

    Listing agent Joe Myers License #01876220

    Listing office Compass 9454 Wilshire Blvd. Suite 400, Los Angeles, CA

    Listing date Sep 10, 2025

    MLS# 25590259 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fourplex with diverse unit sizes offering flexibility for tenants.
    • Prime location near Downtown Los Angeles, USC, and public transportation.
    • No rent control, maximizing potential rental income.
    • Energy‑efficient features: solar panels, tankless water heaters, LED lighting, and energy‑saving HVAC systems.
    • Townhome‑style units with en‑suite bathrooms, walk‑in closets, and modern finishes.
    • Ample parking with attached garage, driveway with decorative pavers, and automatic gate opener, plus EV charging connection.

    Overview

    This contemporary fourplex property features two buildings. The front building is a two-story structure with two units, each containing three bedrooms and two bathrooms. The back building has a tri-level design with two side-by-side units: one with four bedrooms and three bathrooms, and the other with seven bedrooms and five bathrooms. All units feature a townhome-style floor plan with en-suite bathrooms and master bedrooms. The interiors are filled with natural light through expansive windows and include walk-in closets, custom window blinds, stainless steel appliances, two-tone interior paint, and energy-efficient LED lighting. Each unit has its own laundry room, tankless water heaters, and energy-saving HVAC systems. Ample parking is available with decorative pavers, an attached garage, and an automatic gate opener. The property is well-maintained, featuring drought-resistant landscaping and solar panels. Each unit is individually metered, and an EV charging connection is provided in the garage. The property is located near Downtown Los Angeles, USC, and major public transportation routes. The lot size is 0.1377 acres and the property size is 5927 square feet. The zoning is LARD1.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    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
    -118.250955
    Latitude
    34.003622

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    FAQs

    What type of property is this?
    Quadplex - Fourplex with modern amenities, near Downtown Los Angeles and USC.
    Where is this quadplex located?
    The property is located at 1348 E Vernon Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,345,000.
    What are key features of this property?
    This property features: Fourplex with diverse unit sizes offering flexibility for tenants.; Prime location near Downtown Los Angeles, USC, and public transportation.; No rent control, maximizing potential rental income.
    (702) 339-1341
    We can help!
    Listing Contact
    Joe Myers
    Real Estate License ID: 01876220
    Learn More
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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.

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