There are multiple listings for this address:
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.
AGENT: Gustavo Arias LISTING BROKERAGE: First Team Real EstateWell-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.
Courtesy of First Team Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1945 W Vernon
Los Angeles, CA
Property Details
Price:
$969,900
MLS #:
PW26045448
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
phhtparkhillsheights
Listed Date:
Mar 6, 2026
Lot Size:
5,502 sqft / 0.13 acres (approx)
Year Built:
1949
See this Listing
Schools
School District:
Los Alamitos Unified
Interior
Appliances
RF, GR
Bathrooms
4 Full Bathrooms
Cooling
NO
Flooring
LAM
Heating
WL
Interior Features
_2STR
Laundry Features
NO
Levels
U
Main Level Bathrooms
4
Main Level Bedrooms
5
Exterior
Accessibility Features
_2AE, SEE
Architectural Style
MCM
Common Walls
_2CW
Community Features
URB
Construction Materials
STC
Fencing
AVG
Garage Spaces
4
Parking Spots
4
Parking Total
4
Patio And Porch Features
NO
Roof
SHN
Spa Features
NO
View
NO
Financial
Map
Community
- Address1945 W Vernon Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
Similar Listings Nearby
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.
AGENT: Gustavo Arias LISTING BROKERAGE: First Team Real EstateWell-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.
Courtesy of First Team Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1945 W Vernon
Los Angeles, CA
Property Details
Price:
$969,900
MLS #:
PW26047544
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
phhtparkhillsheights
Listed Date:
Mar 6, 2026
Finished Sq Ft:
2,366
Lot Size:
5,502 sqft / 0.13 acres (approx)
Year Built:
1949
See this Listing
Schools
School District:
Los Alamitos Unified
Interior
Appliances
RF, GR
Bathrooms
4 Full Bathrooms
Cooling
NO
Flooring
LAM
Heating
WL
Interior Features
_2STR
Laundry Features
NO
Levels
U
Main Level Bathrooms
4
Main Level Bedrooms
5
Exterior
Accessibility Features
_2AE, SEE
Architectural Style
MCM
Common Walls
_2CW
Community Features
URB
Construction Materials
STC
Fencing
AVG
Garage Spaces
4
Parking Spots
4
Parking Total
4
Patio And Porch Features
NO
Roof
SHN
Spa Features
NO
View
NO
Financial
Map
Community
- Address1945 W Vernon Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062