532 W Vernon, Los Angeles, CA 90037

• 7,354 sqft

Property Description

Luxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non-rent-controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4-bedroom / 4-bathroom residence and a 3-bedroom / 3-bathroom unit. The third building consists of a detached ADU offering a well-designed 1-bedroom / 1.5-bathroom layout. All units showcase modern open-concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in-unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2-car garages with EV charging capability, enhancing tenant appeal and long-term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters - supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs -

Listing Status:

Active

Date Added:

March 13, 2026

Data Last Updated:

April 2, 2026 at 7:07AM

Listing Office:

Harcourts Prime Properties : 949-248-1888

Listing Agent:

William Pasqualino : 949-204-9860

MLS ID:

CROC26039085

Interior

• Appliances: Dryer
• Laundry: DryerIn GarageWasherSee Remarks
• Flooring: Laminate
• A/C: Central Air
• Heating: Other
• Eco/Green Feature: Other

Exterior

• Parking: AssignedTandemOther

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR35018033019
• View: Other

Financial

• Source: CRMLS