Recently Renovated 14-Unit Apartment
For Sale
$2,600,000
Pending
2417 W Vernon Ave, Los Angeles, CA 90008
Renovated bungalow court with ADU additions and Housing Assistance Payment (HAP) leases under Section 8.
Property Size8,128 SF
Days on Market109
Property Features for 2417 W Vernon Ave
General Information
Standard status
Pending
Size
8,128 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Leimert Park
Building Details
Building Size
8,128 SF
Year Built
1940
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Nabil Awada · License #02046840
(310) 844-9362
Source:
Garymerriam
Added: Jul 13
Changed: Oct 28
Last Checked: Oct 26 at 10:45PM
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 Matthews Real Estate Investment Services
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Investment Insights
Based on property information with market context.
2417 W Vernon Ave is a recently renovated 14-unit bungalow court originally built in 1940. The property has been comprehensively renovated and includes permitted ADU additions, with Certificates of Occupancy issued in 2024. Units include 12 one-bedroom, one-bath units, plus three ADU units: one 2-bed/2-bath ADU and one 3-bed/3-bath ADU. Two one-bedroom units are delivered vacant for immediate lease-up.
A key operational feature is that 11 of the 14 units are leased under Housing Assistance Payment (HAP) contracts through Section 8. The property is separately metered for gas and electricity, which can simplify utility management.
The location is approximately 0.7 miles from Leimert Park Station on the Metro K Line, with convenient access to USC, Exposition Park, Downtown LA, and Culver City. The seller has requested that buyers verify all information, including square footage, permits, and rent roll.
A key operational feature is that 11 of the 14 units are leased under Housing Assistance Payment (HAP) contracts through Section 8. The property is separately metered for gas and electricity, which can simplify utility management.
The location is approximately 0.7 miles from Leimert Park Station on the Metro K Line, with convenient access to USC, Exposition Park, Downtown LA, and Culver City. The seller has requested that buyers verify all information, including square footage, permits, and rent roll.
Key Highlights
- 14‑unit bungalow court built in 1940 with comprehensive renovation
- Permitted ADU additions completed; Certificates of Occupancy issued in 2024
- Unit mix: 12 one‑bed/one‑bath plus one 2‑bed/2‑bath ADU and one 3‑bed/3‑bath ADU
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
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Business Placement
Demographics for 90008, CA
33,041
Population
16,245
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
85%
High-School Grad
2.9 sq mi
ZIP Area
11,393
Density / Sq Mi
$61,822
Median Household Income
$41,295
Median Earnings
$1,589
Median Rent
$1,003,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated bungalow court with ADU additions and Housing Assistance Payment (HAP) leases under Section 8.
Where is this apartment building located?
The property is located at 2417 W Vernon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 14‑unit bungalow court built in 1940 with comprehensive renovation; Permitted ADU additions completed; Certificates of Occupancy issued in 2024; Unit mix: 12 one‑bed/one‑bath plus one 2‑bed/2‑bath ADU and one 3‑bed/3‑bath ADU
