532 W Vernon, Los Angeles, CA 90037
Local realty services provided by:ERA North Orange County Real Estate
532 W Vernon,Los Angeles, CA 90037
$2,500,000
- 11 Beds
- 12 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: william pasqualino, angelina pasqualino
Office: harcourts prime properties
MLS#:OC26039085
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,500,000
About this home
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 driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in-place income, and long-term appreciation potential in one of Los Angeles most active rental corridors....
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Home facts
- Listing ID #:OC26039085
- Added:45 day(s) ago
- Updated:April 28, 2026 at 02:12 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:12
Heating and cooling
- Cooling:Central Forced Air
Structure and exterior
- Levels:3 Story
Finances and disclosures
- Price:$2,500,000
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