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$2,500,000

  • For Sale
  • Active
  • Multi-Family
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Luxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non-rent-controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4-bedroom / 4-bathroom residence and a 3-bedroom / 3-bathroom unit. The third building consists of a detached ADU offering a well-designed 1-bedroom / 1.5-bathroom layout. All units showcase modern open-concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in-unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2-car garages with EV charging capability, enhancing tenant appeal and long-term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters - supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs - driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in-place income, and long-term appreciation potential in one of Los Angeles' most active rental corridors.

Full Property Details for 532 W Vernon

General

  • Price: $2,500,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC26039085
  • Updated: 3/15/2026
  • Days on Market: 27 days
  • Added to Site: 27 day(s) ago

Interior

  • Rooms/Areas: Walk-In Closet, Primary Bedroom, All Bedrooms Up, See Remarks, Kitchen, Main Floor Bedroom
  • Interior Features: Recessed Lighting
  • Fireplace(s): None
  • Appliances: Gas Cooktop, Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher
  • Flooring: Laminate

Rooms

Other Rooms

  • Laundry: In Garage, See Remarks, Washer Included, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 8
  • Parking Features: Garage, Assigned, Combination Driveway, Paved, Tandem Garage, See Remarks
  • Parking: Garage, Assigned, Combination Driveway, Paved, Tandem Garage, See Remarks

Location

  • Area: C23 - Metropolitan
  • County: Los Angeles
  • Development Name: C23 - Metropolitan
  • Driving Directions: W. Vernon Ave. & S. Figueroa St

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 5
  • # Gas Meters: 5
  • # Electric Meters: 5

Structural Information

  • Doors: Mirror Closet Door(s)
  • Entry Location: Ground
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 7,354
  • Year Built: 2023

Unit Information

Unit 1

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

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 4

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 4

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.1664
  • Lot Size (Sq. Ft.): 7,248
  • Lot Size Source: Assessor
  • Zoning: LAR3
  • Lot Description: Level, Front Yard, Back Yard

Green Features

  • Energy Generation: Solar

Financial Considerations

  • Price Per Sq. Ft.: $339.95
  • Price Per Unit: 500000

Listed by Harcourts Prime Properties, William Pasqualino and Harcourts Prime Properties, Angelina Pasqualino

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Listing agents

— 532 W Vernon —

  • William Pasqualino

    Harcourts Prime Properties

  • Angelina Pasqualino

    Harcourts Prime Properties

bill.pasqualino@harcourtsprime.com

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 532 W Vernon

School District:Los Angeles Unified School District
NameGradesDistance
Marguerite Poindexter Lamotte Elementary
4410 Orchard Avenue, Los Angeles, CA 90037
K-50.3 mi
Dr. James Edward Jones Primary Center
1017 West 47th Street, Los Angeles, CA 90037
PK-20.5 mi
John Muir Middle School, Los Angeles, CA
5929 South Vermont Avenue, Los Angeles, CA 90044
6-81.3 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.6 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 532 W Vernon Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Listed
$2,500,000
12.61%
MLS
12/07/2022
Sold
$2,220,000
—
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 532 W Vernon

Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,420
197%
$2,309,688
196%
2023
$9,574
5%
$780,300
2%
2022
$9,132
—
$765,000
2%
2021
$9,146
56%
$750,000
63%
2020
$5,858
1144%
$460,530
12%
2019
$471
-91%
$412,115
2%
2018
$5,099
38%
$404,035
41%
2017
$3,690
15%
$287,000
15%
2016
$3,221
—
$249,000
—
2015
$3,221
25%
$249,000
31%
2014
$2,582
28%
$190,000
33%
2013
$2,016
—
$143,300
—
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.

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with our affiliated lender
NMLS#: 1598647

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Listed by Harcourts Prime Properties, William Pasqualino and Harcourts Prime Properties, Angelina Pasqualino

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532 W Vernon, Los Angeles, CA 90037 (MLS# OC26039085) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 532 W Vernon is currently listed for $2,500,000 and was received on March 13, 2026. Want to learn more about 532 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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