$988,888

602 W Vernon Avenue, Los Angeles, CA 90037

  • 3,800 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon6,848sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $260/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

Development & Investment Opportunity: Fully RTI for 16 Units, Approved for Section 8 Presenting a prime investment and development opportunity with Fully RTI (Ready to Build Immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. The property is approved for Section 8, offering significant future rental income potential upon completion. Key Features: RTI for 16 Units: The property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream. Current Income: The existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-Section 8 tenants, providing reliable cash flow as you move forward with your development plans. Additional Room: An additional room in the duplex is available for rent, further increasing the property's rental income potential. Ellis Act Eligible: The property is eligible for the Ellis Act, offering flexibility for future redevelopment or adjustments to tenant occupancy. This is a rare opportunity for investors to take advantage of a fully RTI property, currently generating rental income with non-Section 8 tenants while offering strong future potential through Section 8 approval. With immediate cash flow and long-term growth possibilities, this property is a solid addition to any portfolio. Please inquire about current expenses on the duplex

Listing Status:
Active
Date Added:
June 5, 2025
Data Last Updated:
May 20, 2026 at 6:16AM
Listing Office:
Keller Williams Luxury : 818-200-2929
Listing Agent:
Deborah Moussighi : 818-200-2929
MLS ID:
SR25126853
  • Laundry: Inside
  • Pool: None
  • Parking: Parking spaces: 0
  • General: 1
  • Originating MLS: CRMLS_CRM
  • County: Los Angeles
  • Zoning: LAR35018033027
  • Water: See Remarks
  • Sewer: Public Sewer
  • Source: CRMLS_CRM

This listing courtesy of Deborah Moussighi , Keller Williams Luxury

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location