Los Angeles, CA 90011 1348 E Vernon Avenue

1348 E Vernon Avenue Los Angeles, CA - Image 11348 E Vernon Avenue Los Angeles, CA - Image 21348 E Vernon Avenue Los Angeles, CA - Image 3
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Presented By: Joe Myers with Compass;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25534297
  • 05/05/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 17
  • Baths • 12
  • SQFT • 5,927
  • Garage • 1

Home Details

Contemporary Fourplex! This remarkable property features two distinct buildings. The front building is two stories high and includes two units, each offering three bedrooms and two bathrooms. The back building showcases a tri-level design with side-by-side units: one containing four bedrooms and three bathrooms, while the other boasts seven bedrooms and five bathrooms. All units are designed with highly desirable floor plans in a townhome style, complete with en-suite bathrooms and master bedrooms. Expansive windows flood the interiors with natural light, and additional highlights include walk-in closets, custom window blinds, stainless steel appliances, two-tone interior paint, and energy-efficient LED lighting. Each unit also comes with its own laundry room, tankless water heaters for instant hot water, and energy-saving HVAC systems.Ample parking is available, featuring decorative pavers, an attached garage, and an automatic gate opener. The property is well-maintained, with drought resistant landscaping and includes solar panels, ensuring it is self-sustainable with minimal maintenance costs. Each unit is individually metered, and an EV charging connection is provided in the garage. This attractive property is easy to rent and is centrally located near Downtown Los Angeles, USC, and major public transportation routes. With no rent control and increasing demand for rentals in the area, this building presents a great investment opportunity.
Presented By: Joe Myers with Compass;

Interior Features for 1348 E Vernon Avenue

Bedrooms

Total Bedrooms17

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesBath, Decorative, DiningRoom, Electric, FamilyRoom, Kitchen, LivingRoom
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 1348 E Vernon Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, Disposal, GasOven, Oven, Dryer
Architectural StyleContemporary
Attached Garage No
Buyer FinancingCash, Conventional
Cap Rate7.0
Carport Y/NNo
CityLos Angeles
Construction MaterialsFrame
CountyLos Angeles
DirectionsFrom the 110 use the Vernon Ave exit . Merge on S Grand Ave Turn to Vernon Ave
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Full Baths
Garage Y/NNo
Gross Income206400.0
HOANo
HeatingBaseboard, Electric, ForcedAir, NaturalGas
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsConventional, Contract
Lot Size Square Feet5997.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income173400.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased2
Occupancy TypeTenant
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesFireRatedDrywall, SecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas, TrashCollection, Water
ViewCityLights
Year Built2022
Year Built SourceBuilder
ZoningLARD1.5

Exterior for 1348 E Vernon Avenue

Building Area Total5927.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1377
Lot Size Area5997.0
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesConvertedGarage, Driveway
Private PoolNo
SpaNo
Total Parking8.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,495,000
MLS#25534297
List Date 05/05/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
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