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$1,050,000
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Property Description
STRATEGICALLY LOCATED JUST A MILE FROM THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC)! Welcome to this 6 unit investment opportunity in the heart of Los Angeles! This property is an attractive option for student housing. The area boasts a high walkability score, with numerous dining, shopping, and entertainment options nearby. Public transportation is easily accessible, providing convenient connections throughout the city. The "live in one, rent the others" model offers the potential for steady rental income while maintaining a personal residence within the property. The configuration allows for flexibility in tenant arrangements, catering to a variety of rental needs. Take advantage of this unique opportunity to own a multi-unit property in a vibrant Los Angeles neighborhood. With its prime location and endless possibilities, this property is ready for you to make it your own. Schedule a showing today and explore all that it has to offer!
Full Property Details
Full Property Details for 702 W Vernon Ave
General
- Sold For: $1,050,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: DW25119012
- Added to Site: 400 day(s) ago
Rooms
Other Rooms
- Laundry: Outside
Additional Information
- Pool Description: None
Parking
- Parking Features: Off-Street
- Parking: Off-Street
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: Heading West on W. Vernon Ave, property is on right hand side off the main street.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Entry Location: Front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,616
- Year Built: 1924
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1701
- Lot Size Source: Assessor
- Zoning: LAR3
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $227.47
- Price Per Unit: 215000
Listed by Juan Carlos Martinez, Juan Carlos Martinez
Sold by Gold Realty, Shawn Raoufpour
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Schools
Schools serving 702 W Vernon Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Marguerite Poindexter Lamotte Elementary 4410 Orchard Avenue, Los Angeles, CA 90037 | K-5 | 0.2 mi |
Dr. James Edward Jones Primary Center 1017 West 47th Street, Los Angeles, CA 90037 | PK-2 | 0.4 mi |
John Muir Middle School, Los Angeles, CA 5929 South Vermont Avenue, Los Angeles, CA 90044 | 6-8 | 1.2 mi |
Manual Arts Senior High School 4131 South Vermont Avenue, Los Angeles, CA 90037 | 9-12 | 0.5 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 702 W Vernon Ave
Date
Details
Price
Change
Source
1/23/2026
Sold
$1,050,000
-18.6%
MLS
8/08/2025
Price Reduced
$1,290,000
-1.9%
MLS
5/28/2025
Listed
$1,314,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
702 W Vernon Avenue, Los Angeles, CA 90037 (MLS# DW25119012) is a Multi-Family property that was sold at $1,050,000 on January 23, 2026. Want to learn more about 702 W Vernon Avenue? 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.

