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$1,189,000 -$10,000 (-0.83%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 2 days ago
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Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong current 5.6% Cap Rate with additional rent upside potential. The property features two spacious 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area. Two units can be delivered vacant.

Full Property Details for 1474 W Vernon Ave

General

  • Price: $1,189,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26638505
  • Updated: 2/17/2026
  • Added to Site: 15 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Other Features: None

Parking

  • Garage Description: Uncovered

Location

  • Area: Los Angeles Southwest
  • County: Los Angeles
  • Cross Streets: Normandie
  • Driving Directions: East of Normandie

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Architectural Style: Craftsman
  • Common Walls: Attached
  • Stories/Levels: 2
  • Square Feet: 2,263
  • Sq. Ft. Source: Other
  • Year Built: 1911
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 3
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1313
  • Lot Size: 5721
  • Lot Size Source: Vendor Enhanced
  • Zoning: LARD1.5

Financial Considerations

  • Price Per Sq. Ft.: $525.41
  • Assessment Year: 1911
  • Owner Pays: Water, Other, Gardener
  • Tenant Pays: Gas, Electricity

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5016-002-003

Listed by Keller Williams Realty Santa Barbara, Jennifer Stein

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Listing agent

— 1474 W Vernon Ave —

  • Jennifer Stein

    Keller Williams Realty Santa Barbara

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1474 W Vernon Ave

School District:Los Angeles Unified School District
NameGradesDistance
Normandie Avenue Elementary School
4505 South Raymond Avenue, Los Angeles, CA 90037
PK-50.2 mi
Barack Obama Global Preparation Academy
1700 West 46th Street, Los Angeles, CA 90062
6-80.4 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1474 W Vernon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/14/2026
Price Reduced
$1,189,000
-0.83%
MLS
2/05/2026
Listed
$1,199,000
34.72%
MLS
8/08/2024
Sold
$890,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1474 W Vernon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,069
35%
$890,000
38%
2023
$8,201
5%
$645,048
2%
2022
$7,833
75%
$632,400
81%
2021
$4,472
-1%
$349,747
1%
2020
$4,512
4%
$346,161
2%
2019
$4,345
2%
$339,374
2%
2018
$4,255
2%
$332,721
2%
2017
$4,168
3%
$326,198
2%
2016
$4,056
1%
$319,803
2%
2015
$4,000
183%
$315,000
262%
2014
$1,413
—
$86,911
—
2013
$1,407
—
$86,520
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Realty Santa Barbara, Jennifer Stein

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1474 W Vernon Ave, Los Angeles, CA 90062 (MLS# 26638505) is a Multi-Family property with units containing 5 bedrooms and 0 full bathrooms. 1474 W Vernon Ave is currently listed for $1,189,000 and was received on February 05, 2026. Want to learn more about 1474 W Vernon Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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