1474 W Vernon Avenue, Los Angeles, CA 90062

• 5 beds |
• 3 baths |
• 2,263 sqft

Property Description

Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong current 5.6% Cap Rate with additional rent upside potential. The property features two spacious 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). 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. Possibility to deliver 1 unit vacant for an owner user.

Listing Status:

Active

Date Added:

February 5, 2026

Data Last Updated:

February 8, 2026 at 1:18AM

Listing Office:

Keller Williams Realty Santa Barbara : 805-456-3600

Listing Agent:

Jennifer Stein : 805-319-5866

MLS ID:

26638505

Interior

• Appliances: Refrigerator
• A/C: None
• Heating: Wall Furnace

Exterior

• Style: Craftsman
• Parking: UncoveredParking spaces: 6

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LARD1.55016002003

Financial

• Source: CRMLS_CL