$998,000
 $5,357 est/mo Sourced by Back At You

1474 W Vernon Avenue,Los Angeles, CA 90062

Los Angeles, CA 90062

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Description

Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 5.7 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.

Details

MLS #26638505
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1911
Days On Site198
Listing Provided ByKeller Williams Realty Santa Barbara | Jennifer Stein

Features

Bed(s)5
Bath(s)3
SQ Feet2,263
Story(s)2
Units3
Building(s)1
ZoningLARD1.5
Acreage0.13

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
AppliancesRefrigerator

Parking

Parking FeaturesUncovered

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90062
AreaC34 Los Angeles Southwest
Listing VS Median (in 90062)
Price:
$998,000
low | high
Med:
$1,075,000
42.284569138277% of Average
sqft:
2,263
low | high
Med:
3,577
8.064516129032% of Average
$ / sqft:
$441
low | high
Med:
$301
81.853502924216% of Average
On site:
198
low | high
Med:
200
99% of Average
Sourced by Back At You

Market Activity 90062

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90062
AreaC34 Los Angeles Southwest
Listing VS Median (in 90062)
Price:
$998,000
low | high
Med:
$1,075,000
42.284569138277% of Average
sqft:
2,263
low | high
Med:
3,577
8.064516129032% of Average
$ / sqft:
$441
low | high
Med:
$301
81.853502924216% of Average
On site:
198
low | high
Med:
200
99% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 11:12:09 PM PDT
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