532 W Vernon Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,354 sqft
Price per Sqft $373
MLS Listing ID CRSR25254655
Year Built 2023
Lot Size 7,248 Sqft
Property Sub-Type Other
Property Description
Newly Built 5-Unit Apartment Building in South Los Angeles–Investor Ready! Immediate upside without displacing tenants, rent has never been raised, raising rent raises the Cap rate above 7% for an immediate value add. This stunning newer construction 5-unit multifamily property completed in 2023, offering a rare combination of modern design, premium finishes, and central location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and S of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes. Spread across three beautiful buildings, the property boasts an exceptional unit mix: One(1) spacious 1-bedroom, 1.5-bath ADU with off street parking spot and washer/dryer included; Two (2) large 3-bedroom, 3-bath townhouse-style units; Two (2) expansive 4-bedroom, 4-bath townhouse-style units The four front units span three stories each, while the rear ADU offers a comfortable two-story layout-each with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, you'll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting,
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Flooring Laminate
Laundry Dryer,In Garage,Washer
Exterior
View Other
Building
Lot Description Back Yard,Front Yard