Vermont Square Triplex with
1361 W Vernon Avenue Los, Los Angeles, CA 90037
For Sale
$690,000
Multi-unit property in central Los Angeles with redevelopment potential.
Property Size1,892 SF
Lot Size0.15 Acres
Days on Market276
Property Features for 1361 W Vernon Avenue Los
General Information
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Size
Lot size
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Site & Location
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Amenities
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Building Details
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Year Built
Stories
Listing Agency:
KELLER WILLIAMS LARCHMONT
Listed By:
Josephine San Lucas · License #DRE
(562) 843-8748
Source:
Kw
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS LARCHMONT
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Investment Insights
Based on property information with market context.
This property features three separate units located in Vermont Square, with two units delivered vacant. The property presents immediate income potential with upside for rent growth or future redevelopment, suitable for owner-users or investors. The zoning allows for commercial, residential, or mixed-use development. The location is residential, with a school across the street, and alley access provides up to 6 parking spaces or a possible future ADU. The property includes a 2-bedroom, 1-bath unit currently collecting $1280 with a projected rent of $2500, a 1-bedroom, 1-bath unit collecting $1188, and a large, vacant, ready-to-move-in 1-bedroom, 1-bath unit that can rent for $2000. Recent improvements include new roofs, copper plumbing, and tankless water heaters. A rebuild letter is available. The property is located minutes from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and Downtown LA.
Key Highlights
- Three separate units with two delivered vacant, offering immediate income potential and flexibility.
- RD‑1.5 zoning allows for commercial, residential, or mixed‑use development, providing future redevelopment opportunities.
- Recent improvements include new roofs, copper plumbing, and tankless water heaters, reducing future capital expenses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,611
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,220
$632.2K
Cap Rate 7%
$451,586
$451.6K
Cap Rate 9%
$351,233
$351.2K
Market Conditions
NOI Build-Up for 1,892 SF
Gross rent
$46.3K $24.48/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$45.2K $23.87/SF
− OpEx
−$13.5K −$7.16/SF
NOI
$31.6K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,220
Cap Rate 7%
$451,586
Cap Rate 9%
$351,233
Alternative Uses
Best Use
Multifamily LT 5
$451.6K
$395.1K – $526.9K
NOI $31,611 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,096 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$741.4K
$648.7K – $864.9K
NOI $51,895 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Multi-unit property in central Los Angeles with redevelopment potential.
Where is this triplex located?
The property is located at 1361 W Vernon Avenue Los Los Angeles, CA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three separate units with **two delivered vacant**, offering immediate income potential and flexibility.; RD‑1.5 zoning allows for commercial, residential, or mixed‑use development, providing future redevelopment opportunities.; Recent improvements include **new roofs, copper plumbing, and tankless water heaters**, reducing future capital expenses.
