1361 W Vernon Avenue, Los Angeles, CA 90037
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1361 W Vernon Avenue,Los Angeles, CA 90037
$690,000
- - Beds
- - Baths
- 1,892 sq. ft.
- Multi-family
- Pending
Listed by: josephine san lucas
Office: keller williams larchmont
MLS#:MB26023686
Source:CRMLS
Price summary
- Price:$690,000
- Price per sq. ft.:$364.69
About this home
Three separate units located in Vermont Square with 2 units DELIVERED VACANT . One unit offers immediate income with upside potential for rent growth or future redevelopment. Perfect for Owner -User or due to zoning flexibility perfect for investors, value-add buyers, and long-term redevelopment strategist.
Property feautures a 2 bedroom 1 bath house that will be delivered vacant and has a projected rent of $2500 ! . A 1 bedroom 1 bath collecting rent and a Large -ready to move in -already vacant 1 bedroom 1 bath that can rent for $2000 Recent improvements include new roofs , copper plumbing and tankless water heaters enhancing long-term durability and reducing near-term capital expenses. The RD-1.5 zoning, allowing commercial, residential, or mixed-use development, offers the best of both worlds for future development potential while remaining financeable, as rebuild letter is available (buyer to verify). Yet location is residential having a school across the street but its alley access provides for up to 6 parking spaces or a possible future ADU leaving room for growth ! Excellent opportunity to acquire a versatile multi-unit property in a high-demand central Los Angeles location, just minutes from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and Downtown LA....
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Home facts
- Year built:1923
- Listing ID #:MB26023686
- Added:58 day(s) ago
- Updated:April 06, 2026 at 07:30 AM
Rooms and interior
- Living area:1,892 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1923
- Building area:1,892 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Front Yard
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$690,000
- Price per sq. ft.:$364.69
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