602 Vernon Avenue, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:ERA Excel Realty
602 Vernon Avenue,Los Angeles, CA 90037
$988,888
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: deborah moussighi
Office: keller williams luxury
MLS#:SR25126853
Source:CAREIL

Price summary

  • Price:$988,888

About this home

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...

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Home facts

  • Year built:1912
  • Listing ID #:SR25126853
  • Added:290 day(s) ago
  • Updated:April 06, 2026 at 04:23 PM

Structure and exterior

  • Year built:1912
  • Lot area:0.16 Acres
  • Lot Features:Mid Block

Finances and disclosures

  • Price:$988,888
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