Los Angeles, CA 90037 458 W Vernon Avenue

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Presented By: Joshua McIntire with McIntire Real Estate Inc.; 818-618-7990
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# AR25141126
  • 06/23/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 1
  • Baths • 1
  • SQFT • 3,726

Home Details

Fully renovated 4-unit income property with approved ADU plans near USC and Exposition Park! Rare corner location adjacent to freeway access. All four units have been recently renovated and are occupied with new tenants, making this a turnkey investment opportunity. Zoned LAC2, the property includes approved plans for two additional 3-bedroom, 2-bath ADUs—offering significant upside potential through expansion. There is also an opportunity with the C2 zoning to explore redevelopment. Whether you're a hands-off investor seeking steady income or an active investor looking to add value, this asset checks all the boxes. Located on a high-visibility corner at Vernon and Figueroa with strong foot traffic, immediate freeway access, and excellent transit options. Just steps from USC, BMO Stadium, the LA Memorial Coliseum, and Downtown LA, this property sits in one of the city's fastest-growing neighborhoods. Don’t miss this rare opportunity to invest in both current cash flow and future growth.
Presented By: Joshua McIntire with McIntire Real Estate Inc.; 818-618-7990

Interior Features for 458 W Vernon Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesBalcony
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 458 W Vernon Avenue

Additional Parcels Y/NNo
AppliancesWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.2
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
DirectionsFrom I-110, exit Vernon Ave, head east, property is at Vernon and Figueroa corner
Entry LocationFront
Garage Spaces0.0
Garage Y/NNo
Gross Income87180.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3184.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet5008.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
Maintenance Expense2400.0
MobileHomeRemainsYNNo
Net Operating Income61804.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense25376.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot125
Taxes$15,000
Tenant PaysCableTv, Electricity, Gas, TrashCollection
Total Actual Rent7180.0
Trash Expense0.0
Water Sewer Expense2010.0
Year Built1911
Year Built SourcePublicRecords
ZoningLAC2

Exterior for 458 W Vernon Avenue

Building Area Total3726.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.115
Lot Size Area5008.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Parking FeaturesDriveway
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,200,000
MLS#AR25141126
List Date 06/23/2025
Property Type Multi-Family
Phone 714.742.6515
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