CA > Los Angeles
Los Angeles, CA 90037,532 W Vernon AVE
Los Angeles, CA 90037,532 W Vernon AVE
Los Angeles, CA 90037,532 W Vernon AVE
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Ruben Aceves

Ruben Aceves

+1(619) 200-3992
$2,850,000
Est. payment /mo
7,248 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25192789

HOA Y/N No

Year Built 2023

Annual Tax Amount $2,850,000

Lot Size 7,248 Sqft

Property Sub-Type Apartment

Property Description

Newly Built 5-Unit Apartment Building in South Los Angeles – Investor Ready! Immediate value-add opportunity with rents positioned below market, allowing income growth from day one of ownership, raising the Cap rate above 7%.. This stunning newer construction 5-unit multifamily property completed in 2023, offering a rare combination of modern design, premium finishes, and central location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and south of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes. Spread across three beautiful buildings, the property boasts an exceptional unit mix: One (1) spacious 1-bedroom, 1.5-bath ADU with off street parking spot and washer/dryer included; Two (2) large 3-bedroom, 3-bath townhouse-style units; Two (2) expansive 4-bedroom, 4-bath townhouse-style units The four front units span three stories each, while the rear ADU offers a comfortable two-story layout—each with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, you'll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting, and energy-efficient systems. The 3 & 4 Bedroom units each have their own 2-car garage with washer/dryers included. For energy efficiency, each unit also has solar panels with installed meters. Location is key, and this property delivers—just two miles from USC, making it a prime choice for off-campus housing, and less than four miles to Downtown LA for working professionals. Outdoor enthusiasts will love being minutes from Banc of California Stadium, Exposition Park, and Julian C. Dixon Park, while everyday convenience is met with nearby shopping, dining, and retail along Figueroa Street. As a non–rent-controlled and newly constructed asset in a rapidly gentrifying market, this turnkey investment opportunity has strong rental income potential. 4 units have tenants and one unit is currently vacant. Whether catering to students professionals, or families, this property is primed to deliver exceptional long-term value. Don't miss your chance to own a premier multifamily property in one of Los Angeles' fastest-growing neighborhoods!

Location

State CA

County Los Angeles

Area C23 - Metropolitan

Zoning LAR3

Interior

Interior Features Recessed Lighting, All Bedrooms Up, Primary Suite

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry In Garage

Exterior

Parking Features Covered, Driveway, Garage, Uncovered

Garage Spaces 8.0

Garage Description 8.0

Fence Good Condition

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N Yes

View Neighborhood

Total Parking Spaces 9

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 2

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5018033019

Security Features Smoke Detector(s)

Acceptable Financing Submit

Green/Energy Cert Solar

Listing Terms Submit

Special Listing Condition Standard

Lease Land No

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CRMLS – RECore
Listed by Eric Delgado Luxury Collective 310-909-3464

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agent

Ruben Aceves

+1(619) 200-3992

Realtor | CA DRE# 02034732

Realtor | CA DRE# 02034732

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