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Request Info$974,900
Active
1945 W Vernon Overview
- Time on Site:
- 117 days
- Visits:
- 0
1945 W Vernon Ave | 6.31% In-Place Cap | 7.79% Pro Forma | Owner-User Optional Well-maintained 4-unit investment property delivering a 6.31% current cap rate with clear upside to 7.79% pro forma in a high-demand South Los Angeles corridor. The property consists of three 1-bedroom/1-bath units and one upgraded 2-bedroom/1-bath. A 1/1 unit is currently available — offering immediate flexibility for an owner-occupant or lease-up at market rent. Key highlights: • 6.3`% in-place CAP | 7.79% pro forma CAP • One upgraded vacant unit ready for immediate occupancy or lease • Separate electric and gas meters • Two two-car garages generating additional rental income • Opportunity to install coin-op laundry for further NOI growth • 5,500 SF lot • Proven income-producing asset • Maintained and turnkey condition Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
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1945 W Vernon Facts & Features
- Type Single Family
- Sq. ft. 2,366
- Price/Sq.ft. $412
- Lot 0.13 Acres
Details
General
Association/HOA
- Association: No
- Common Interest: None
School Information
- School District: Los Alamitos Unified
Listing Information
- Contingency: NON
Building Information
- New Construction: No
- Year Built: 1949
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: PHHT - Park Hills Heights
- Postal City: LOS ANGELES
Community/Development
- Community Features: Urban
- Number Of Units In Community: 4
Rent/Lease Information
- Land Lease: No
- Lease Considered: No
General Information
- Exclusions: Tenants personal property
- Listing Terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Cal Vet Loan,FHA,Fannie Mae
- Parcel Number: 5022009011
- Property Sub Type: Quadruplex
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: Standard
- Zoning: LAR4
Interior
Parking Information
- Garage Spaces: 4.0
- Garage: Yes
Beds/Baths
- Bathrooms Full: 4
- Bathrooms Total: 4
- Bedrooms Total: 5
General Information
- Accessibility Features: Safe Emergency Egress from Home,See Remarks
- Appliances: Gas Range,Refrigerator
- Common Walls: 2+ Common Walls
- Entry Level: 2
- Entry Location: 1
- Fireplace Features: None
- Fireplace: No
- Flooring: Laminate
- Foundation Details: Slab
- Interior Features: Multiple Staircases,Bedroom on Main Level
- Laundry Features: None
- Levels: Two
- Living Area: 2366.0
- Living Area Source: Assessor
- Living Area Units: Square Feet
- Main Level Bathrooms: 4
- Main Level Bedrooms: 5
- Spa Features: None
- Spa: No
- Stories: 2
- Stories Total: 2
Exterior
Parking Information
- Parking Features: Door-Multi,Garage
- Parking Total: 4.0
Lot Information
- Additional Parcels: No
- Lot Features: 0-1 Unit/Acre
- Lot Size Acres: 0.1263
- Lot Size Area: 5502.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 5502.0
- Lot Size Units: Square Feet
- Road Surface Type: Paved
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
Building Exterior/Construction
- Architectural Style: Mid-Century Modern
- Attached Garage: No
- Construction Materials: Stucco
- Patio And Porch Features: None
- Property Attached: Yes
- Roof: Shingle
- Structure Type: Quadruplex
General Information
- Fencing: Average Condition
- Number Of Units Total: 4
- Pool Features: None
- Pool Private: No
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
1945 W Vernon Neighborhood
Community
90062 (Los Angeles) Demographics
36
Median Age
18,569
Population Density (per sq. mile)
20%
College Educated
$52,661
Estimated Median Income
4,888
Estimated Total Home Owners
5,224
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1945 W Vernon Monthly Cost
1945 W Vernon Market Data
Based on the last 30 days in this zip code
$855,182
Average List Price
$514
Average Price per Square Foot
6
Properties Sold
125
Average Days on Market
144
Properties for Sale
1945 W Vernon History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: CRMLS | $974,900 0.5% |
|
| 6/9/2026Source: CRMLS | $969,900 -0.5% |
|
| 5/21/2026Source: CRMLS | $974,900 0.5% |
|
| 5/20/2026Source: CRMLS | $969,900 -0.5% |
|
| 5/13/2026Source: CRMLS | $974,900 0.5% |
|
| 5/6/2026Source: CRMLS | $969,900 -0.5% |
|
| 4/30/2026Source: CRMLS | $974,900 0.5% |
|
| 4/23/2026Source: CRMLS | $969,900 -0.5% |
|
| 4/17/2026Source: CRMLS | $974,900 0.5% |
|
| 4/15/2026Source: CRMLS | $969,900 0.5% |
|
| 4/10/2026Source: CRMLS | $964,900 0.5% |
|
| 4/8/2026Source: CRMLS | $959,900 -0.5% |
|
| 3/31/2026Source: CRMLS | $964,900 -1.5% |
|
| 3/21/2026Source: CRMLS | $979,900 -2.0% |
|
| 3/5/2026Source: CRMLS | March 05, 2026 |
Listing provided courtesy of First Team Real EstateGustavo Arias- MLS# PW26047544
Contact Information: [email protected] - 562-270-0688
Contact Information: [email protected] - 562-270-0688