1945 W Vernon, Los Angeles, CA 90062

• 5 beds |
• 4 baths |
• 2,366 sqft

Property Description

1945 W Vernon Ave | 6.31% In-Place Cap | 7.79% Pro Forma | Owner-User Optional Well-maintained 4-unit investment property delivering a 6.31% current cap rate with clear upside to 7.79% pro forma in a high-demand South Los Angeles corridor. The property consists of three 1-bedroom/1-bath units and one upgraded 2-bedroom/1-bath. A 1/1 unit is currently vacant — offering immediate flexibility for an owner-occupant or lease-up at market rent. Key highlights: • 6.3`% in-place CAP | 7.79% pro forma CAP • One upgraded vacant unit ready for immediate occupancy or lease • Separate electric and gas meters • Two two-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,500 SF lot • Proven income-producing asset • Maintained and turnkey condition Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.

Listing Status:

Active

Date Added:

March 5, 2026

Data Last Updated:

March 10, 2026 at 7:16AM

Listing Office:

First Team Real Estate : 562-270-0688

Listing Agent:

Gustavo Arias : 562-270-0688

MLS ID:

PW26047544

Interior

• General: Multiple StaircasesBedroom on Main Level
• Appliances: Gas RangeRefrigerator
• Laundry: None
• Flooring: Laminate
• A/C: None
• Heating: Wall Furnace
• Fireplace: None
• Disability Feature: Safe Emergency Egress from HomeSee Remarks

Exterior

• General: None
• Style: Mid-Century Modern
• Other Structures: None
• Pool: None
• Parking: Door-MultiGarageParking spaces: 4

Construction

• Roofing: Shingle
• General: Stucco2Slab

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• School District: Los Alamitos Unified
• County: Los Angeles

Lot

• Zoning: LAR45022009011
• View: None
• Fencing: Average Condition

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM
• Exclusions: Tenants personal property