Two-Building Mixed-Use
For Sale
$1,600,000
522 W Vernon Ave, Los Angeles, CA 90037
C2-zoned property combines commercial space with residential units and an additional dwelling under construction.
Property Size3,346 SF
Price / SF$478.18
Days on Market376
Property Features for 522 W Vernon Ave
General Information
Standard status
Active
Size
3,346 SF
Property subtype
MULTI_FAMILY
Zoning
C2
Site & Location
Neighborhood
Vermont Square
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
3,346 SF
Year Built
1904
Buildings
2
Stories
2
Listing Agency:
Douglas Elliman
Listed By:
Chris Pickett
(310) 800-7103
Source:
Chrispickettrealestate
Added: Oct 16, 2025
Changed: Oct 26
Last Checked: Oct 26 at 12:37PM
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 Douglas Elliman
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Investment Insights
Based on property information with market context.
Two buildings on one lot provide a mix of commercial and residential space. The two-story front building contains 7 bedrooms and 2 bathrooms. A separate two-story rear building has residential and auxiliary space, including an upper-level 1-bedroom/1-bath unit and a studio. Construction is underway on a 1-bedroom ADU at the rear building’s ground floor.
The property is at 522 W Vernon Ave in Los Angeles. C2 zoning is identified for the site. A tenant pays rent and covers utilities.
The property is at 522 W Vernon Ave in Los Angeles. C2 zoning is identified for the site. A tenant pays rent and covers utilities.
Key Highlights
- Two separate buildings occupy one lot
- Two‑story front commercial building with 7 bedrooms and 2 bathrooms
- Rear building includes a 1‑bedroom/1‑bath unit and a studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,757
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,140
$1.4M
Cap Rate 7%
$967,957
$968.0K
Cap Rate 9%
$752,856
$752.9K
Market Conditions
NOI Build-Up for 3,346 SF
Gross rent
$120.5K $36.00/SF
− Vacancy
−$12.0K −$3.60/SF
EGI
$108.4K $32.40/SF
− OpEx
−$40.7K −$12.15/SF
NOI
$67.8K $20.25/SF
Area
ZIP 90037
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,140
Cap Rate 7%
$967,957
Cap Rate 9%
$752,856
Alternative Uses
Best Use
Mixed Use
$968.0K
$847.0K – $1.13M
NOI $67,757 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$709.8K
$621.1K – $828.1K
NOI $49,687 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,776 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property combines commercial space with residential units and an additional dwelling under construction.
Where is this mixed-use property located?
The property is located at 522 W Vernon Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two separate buildings occupy one lot; Two‑story front commercial building with 7 bedrooms and 2 bathrooms; Rear building includes a 1‑bedroom/1‑bath unit and a studio
