532 W Vernon, Los Angeles, CA 90037
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
532 W Vernon,Los Angeles, CA 90037
$2,500,000
- - Beds
- - Baths
- 7,354 sq. ft.
- Multi-family
- Active
Listed by: william pasqualino, angelina pasqualino
Office: harcourts prime properties
MLS#:OC26039085
Source:CRMLS
Price summary
- Price:$2,500,000
- Price per sq. ft.:$339.95
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
- Year built:2023
- Listing ID #:OC26039085
- Added:1 day(s) ago
- Updated:March 14, 2026 at 10:48 AM
Rooms and interior
- Flooring:Laminate
- Kitchen Description:Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator
- Living area:7,354 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2023
- Building area:7,354 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Back Yard, Front Yard, Level with Street
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$339.95
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
- Amenities:All Bedrooms Up, Carbon Monoxide (CO2) Detector, Recessed Lighting, Walk In Closets
Parking
- Total parking spaces:9
- Parking description:Assigned, Driveway, Garage, Paved, Tandem
- Garage:Yes
- Garage spaces:8
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