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$1,290,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
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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 for 702 W Vernon Ave

General

  • Price: $1,290,000
  • Status: Pending
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW25119012
  • Updated: 10/6/2025
  • Added to Site: 234 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 (Sq. Ft.): 7,408
  • Lot Size Source: Assessor
  • Zoning: LAR3
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $279.46
  • Price Per Unit: 215000

Listed by Juan Carlos Martinez, Juan Carlos Martinez

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Listing agent

— 702 W Vernon Ave —

  • Juan Carlos Martinez

    Juan Carlos Martinez

562-302-3161

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 702 W Vernon Ave

School District:Los Angeles Unified School District
NameGradesDistance
Marguerite Poindexter Lamotte Elementary
4410 Orchard Avenue, Los Angeles, CA 90037
K-50.2 mi
Dr. James Edward Jones Primary Center
1017 West 47th Street, Los Angeles, CA 90037
PK-20.4 mi
John Muir Middle School, Los Angeles, CA
5929 South Vermont Avenue, Los Angeles, CA 90044
6-81.2 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.5 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/08/2025
Price Reduced
$1,290,000
-1.9%
MLS
5/28/2025
Listed
$1,314,999
405.77%
MLS
12/06/1996
Sold
$260,000
—
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 702 W Vernon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,990
4%
$408,860
4%
2023
$5,761
4%
$392,986
2%
2022
$5,536
9%
$385,282
2%
2021
$5,102
-1%
$377,728
1%
2020
$5,143
4%
$373,856
2%
2019
$4,963
3%
$366,526
2%
2018
$4,823
2%
$359,340
2%
2017
$4,729
3%
$352,296
2%
2016
$4,573
1%
$345,390
2%
2015
$4,512
-1%
$340,203
2%
2014
$4,567
—
$333,539
—
2013
$4,561
—
$332,033
—
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 702 W Vernon Ave

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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 Juan Carlos Martinez, Juan Carlos Martinez

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702 W Vernon Avenue, Los Angeles, CA 90037 (MLS# DW25119012) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 702 W Vernon Avenue is currently listed for $1,290,000 and was received on May 28, 2025. 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.

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