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About This Home

This 5-bedroom, 4-bathroom multi-family at 1945 W Vernon in Los Angeles, CA is listed for $974,900 ($412 per sqft). Built in 1949, the home offers 2,366 sqft of living space on a 0.13 acres lot.

Agent Description

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.

One 1/1 unit is currently vacant — 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 • Opportun

ity 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.Portfolio Opportunity: San Pedro + Vernon Opportunity to acquire a small portfolio of well-located multifamily assets with strong in-place cash flow and clear upside.

Properties can be purchased individually or together for immediate scale. The owner is actively repositioning their portfolio and is prepared to transact in the near term. Flexible and open to creative deal structuring to facilitate a strong transaction.

629–633 San Pedro (5 Units) 6.56% current cap | 7.82% potential Five 1-bedroom units with one unit available for owner-user or lease-up 424 W 108 Los Angeles (4 Units) 6.317.79 % current cap | 10.16% potential Four 3-bedroom 1 bath and 1 5 bedrooms 2 bath units.

One renovated 2/1 is ready for the owner to live in it and rent the others Combined, these assets offer diversified income streams across two strong rental submarkets, with multiple paths to increase NOI through rent growth and operational improvements. Seller will prioritize well-structured offers and is open to considering terms that can enhance overall deal economics. Contact for financials, OM, and details on acquiring one or both assets.

Key Features

  • Built in 1949
  • 0.13 acre lot
  • 2 stories
  • 4 parking spaces

Property Details

2 stories
4 full
4 spaces
1949

Amenities

View

Monthly Cost Estimate

$5,214/mo

20% down · 6.5% · 30 years

Principal$705
Interest$4,225
Insurance$284

Estimates only. Actual payments may vary.

Location

1945 W Vernon

Los Angeles, CA 90062

Features & Amenities

Interior Features

2 Staircases2+ Access ExitsSee Remarks

Exterior Features

FenceCommunity Features Included: Urban0-1 Unit/Acre

Property Details

Flooring

Laminate

Construction

Stucco

Views

None

Parking

Garage

Heating

Wall Furnace

Cooling

None (Cooling)

Appliances

RangeRange - GasRefrigerator

Questions & Answers

This 5-bedroom, 4-bathroom multi-family at 1945 W Vernon is listed at $974,900 ($412/sqft). The estimated monthly payment is $4,225 based on 20% down at 6.5% interest.

Key features include: Built in 1949, 0.13 acre lot, 2 stories, 4 parking spaces. Interior Features: 2 Staircases, 2+ Access Exits, See Remarks. Exterior Features: Fence, Community Features Included: Urban, 0-1 Unit/Acre.

This property is listed by Gustavo Arias and can be reached at 3238190035 or GustavoArias@firstteam.com.

GA

Gustavo Arias

Agent at First Team Real Estate

(323) 819-0035

Listed by First Team Real Estate · View on Broker Site

MLS# PW26047544· Source: listhub· Updated 88 days ago

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1945 W Vernon, Los Angeles, CA 90062

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