1474 W Vernon Avenue
Los Angeles, CA 90062
5
Bed
0
Bath
2,263Sqft
5,721Sqft(Lot)
Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 7.4% Cap Rate with additional rent upside potential. The property features two spacious VACANT 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 3 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has Heating
-
Building Information
Year Built: 1911 Building Area Total: 2,263 -
Laundry Features
Common Area,Laundry Room
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1313 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5721
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Listing Price Information
Original List Price: 998,000 Listing Contract Date: 2026-02-05 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5016002003
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Garage and Parking
Garage Description: UncoveredHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: C34 - Los Angeles Southwest Postal Code Plus 4: 1820 Directions: East of Normandie Zoning: LARD1.5 Source Property Type: Residential Income Area: C34 - Los Angeles Southwest -
Building and Construction
Property Age: 115 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 2263 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4020 Brighton, Los Angeles, CA, 90062 | $950,000 | 4 | 1 | 2,294 | 2,294 SqFt |
| 1419 Rolland Curtis Place, Los Angeles, CA, 90062 | $895,000 | 4 | 3 | 1,835 | 1,835 SqFt |
| 3938 Dalton Ave, Los Angeles, CA, 90062 | $799,000 | 3 | 2 | 1,526 | 1,526 SqFt |
| 3987 Halldale Avenue, Los Angeles, CA, 90062 | $948,999 | 5 | 3 | 2,496 | 2,496 SqFt |
| 4223 Dalton, Los Angeles, CA, 90062 | $998,000 | 3 | 3 | 1,789 | 1,789 SqFt |
| 4041 Denker, Los Angeles, CA, 90062 | $865,000 | 2 | 1 | 1,112 | 1,112 SqFt |
| 1447 W 47th Street, Los Angeles, CA, 90062 | $590,000 | 2 | 2 | 2,027 | 2,027 SqFt |
| 4314 Dalton Avenue, Los Angeles, CA, 90062 | $624,999 | 2 | 1 | 1,304 | 1,304 SqFt |
| 1459 W 47th Street, Los Angeles, CA, 90062 | $999,000 | 4 | 3 | 2,081 | 2,081 SqFt |
| 3821 S Hobart Boulevard, Los Angeles, CA, 90062 | $750,000 | 2 | 1 | 794 | 794 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 14:04
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