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3-Unit Multifamily Property

186 E Vernon Ave, Los Angeles, CA 90011

For Sale
$699,000

Two buildings contain a mix of one- and three-bedroom residences.

Property Size2,247 SF
Lot Size0.16 Acres
Price / SF$311.08
Days on Market146

Property Features for 186 E Vernon Ave

General Information

Standard status Active
Size 2,247 SF
Lot size 0.16 Acres
Property subtype MULTI_FAMILY
Zoning C2-1VL
Occupancy 100%

Site & Location

Neighborhood South Park
Road Access Yes

Units

Unit Mix 2 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Building Details

Building Size 2,247 SF
Year Built 1921
Buildings 2
Listing Agency: Kidder Mathews of California, Inc.
Listed By: Darin Spillman · License #01366902
Source: Aspirelosangeles
Added: Jun 16 Changed: Nov 7 Last Checked: Nov 7 at 1:22PM

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 Kidder Mathews of California, Inc.

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Investment Insights

Based on property information with market context.

This 1921 multifamily property has 2,247 square feet across three residential units in two buildings on a 6,921-square-foot lot. The unit mix comprises two 1-bedroom/1-bath residences and one 3-bedroom/1-bath residence; one of the one-bedroom units is Section 8. The property is zoned C2-1VL and carries a TOC Tier 2 designation. The listing information identifies potential for commercial uses by right and a density bonus for qualifying affordable housing projects.

The property is adjacent to the signalized intersection of San Pedro Place and Vernon Avenue. USC, Downtown Los Angeles, and Exposition Park are identified as nearby destinations, with major transit infrastructure also in the surrounding area.

Key Highlights

  • Three residential units across two buildings
  • Unit mix: two 1‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit
  • One 1‑bedroom unit is Section 8

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,390
Businesses Nearby

Demographics for 90011, CA

102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Market

Average Price Trend$/SF for Multifamily properties in Los Angeles, CA

$440 Jul
$438 Aug
$437 Sep
$435 Oct

Properties on Market for Multifamily properties in Los Angeles

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two buildings contain a mix of one- and three-bedroom residences.
Where is this multifamily property located?
The property is located at 186 E Vernon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three residential units across two buildings; Unit mix: two 1‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit; One 1‑bedroom unit is Section 8
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