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$964,900 -$15,000 (-1.53%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago
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Exciting Price Reduction: 1945 W Vernon Ave,6.31% In-Place Cap, 7.79% Pro Forma | Owner-User The property consists of three 1-bedroom/1-bath units and one upgraded 2-bedroom/1-bath. One unit offers the opportunity to live in one and lease the others. One unit is available for showing by appointment. Please do not disturb tenants. Seller is motivated and actively seeking a near-term transaction! Flexible on structure and willing to consider terms that can materially improve buyer economics, depending on the offer. Buyers' agents are encouraged to contact me directly to discuss exciting potential structuring options and additional considerations. All offers are subject to interior inspection. Submit with proof of funds and pre-approval. Contact the listing agent for OM, rent roll, and additional financials. 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.

Full Property Details for 1945 W Vernon

General

  • Price: $964,900
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26045448
  • Updated: 3/31/2026
  • Days on Market: 30 days
  • Added to Site: 30 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 2
  • Parking Features: Gated, Garage Faces Rear, Private, Garage Faces Side, See Remarks
  • Parking: Gated, Garage Faces Rear, Private, Garage Faces Side, See Remarks

Location

  • Area: PHHT - Park Hills Heights
  • County: Los Angeles
  • Development Name: PHHT - Park Hills Heights
  • Driving Directions: From 110 Fwy West on Vernon

Heating & Cooling

  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Foundation: Slab
  • Roof: Common Roof
  • Windows: Blinds
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,366
  • Year Built: 1949

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1263
  • Lot Size (Sq. Ft.): 5,502
  • Lot Size Source: Assessor
  • Zoning: LAR4
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $407.82
  • Price Per Unit: 241225

Disclosures and Reports

  • Exclusions: Tenants personal Items
  • Inclusions: Stoves and Refrigerators

Listed by First Team Real Estate, Gustavo Arias

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Listing agent

— 1945 W Vernon —

  • Gustavo Arias

    First Team Real Estate

323-819-0035

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 1945 W Vernon

School District:Los Angeles Unified School District
NameGradesDistance
Forty-Second Street Elementary School
4231 4th Avenue, Los Angeles, CA 90008
K-50.4 mi
Audubon Middle School
4120 11th Avenue, Los Angeles, CA 90008
6-80.8 mi
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
5010 11th Avenue, Los Angeles, CA 90043
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1945 W Vernon Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/31/2026
Price Reduced
$964,900
-1.53%
MLS
3/20/2026
Price Reduced
$979,900
-2.01%
MLS
3/05/2026
Listed
$999,990
22.1%
MLS
9/08/2021
Sold
$819,000
—
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 1945 W Vernon

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,836
3%
$869,127
4%
2023
$10,508
5%
$835,380
2%
2022
$10,032
294%
$819,000
363%
2021
$2,545
-1%
$176,944
1%
2020
$2,565
3%
$175,130
2%
2019
$2,480
3%
$171,697
2%
2018
$2,412
2%
$168,331
2%
2017
$2,368
3%
$165,031
2%
2016
$2,292
1%
$161,796
2%
2015
$2,264
-2%
$159,367
2%
2014
$2,300
—
$156,246
—
2013
$2,294
—
$155,540
—
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.

Estimate the Cost for 1945 W Vernon

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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

Get Pre-Approved

Listed by First Team Real Estate, Gustavo Arias

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1945 W Vernon, Los Angeles, CA 90062 (MLS# PW26045448) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1945 W Vernon is currently listed for $964,900 and was received on March 05, 2026. Want to learn more about 1945 W Vernon? 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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