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$979,900 -$20,090 (-2.01%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 4 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 1945 W Vernon

General

  • Price: $979,900
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26047544
  • Updated: 3/21/2026
  • Days on Market: 17 days
  • Added to Site: 17 day(s) ago

Interior

  • Rooms/Areas: Main Floor Bedroom
  • Interior Features: 2 Staircases
  • Fireplace(s): None
  • Eating Areas: In Living Room
  • Appliances: Refrigerator, Gas Range
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: None

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking: Garage (Two Doors)

Location

  • County: Los Angeles
  • Driving Directions: From 110 Fwy West on Vernon

School Information

  • School District: Los Alamitos Unified

Community

  • Community Features: Urban

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Mid Century Modern
  • Structure Type: Quadruplex
  • Construction: Stucco
  • Foundation: Slab
  • Roof: Shingle
  • Common Walls: 2 Common Walls (or More)
  • Disability Access: 2 or More Accessible Exits, See Remarks
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,366
  • Sq. Ft. Source: Assessor
  • Year Built: 1949
  • Year Built Source: Assessor

Unit Information

  • Units in Complex: 4

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
  • Fencing (Description): Average Condition

Financial Considerations

  • Price Per Sq. Ft.: $414.16

Disclosures and Reports

  • Special Conditions: Standard

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
3/21/2026
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.

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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# PW26047544) is a Multi-Family property with units containing 5 bedrooms and 4 full bathrooms. 1945 W Vernon is currently listed for $979,900 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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