1945 W Vernon
Los Angeles, CA 90062
5
Bed
4
Bath
2,366Sqft
5,502Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 4 Full Baths: 4Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Shingle Interior Features: Multiple Staircases,Bedroom on Main Level Property Appliances: Gas Range,Refrigerator Fireplace: None Flooring: Laminate -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1949 Construction: Stucco Roof: Shingle -
Foundation
Slab -
Accessibility Features
Safe Emergency Egress from Home,See RemarksPool Features
NoneLaundry Features
NonePatio And Porch
NoneFencing
Average Condition
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1263 -
Lot Size Source: Assessor Lot Size Square Feet: 5502
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Listing Price Information
Original List Price: 969,900 Listing Contract Date: 2026-03-03 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5022009011
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Garage and Parking
Garage Description: Door-Multi,GarageHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: PHHT - Park Hills Heights Directions: From 110 Fwy West on Vernon Zoning: LAR4 Source Property Type: Residential Area: PHHT - Park Hills Heights Property SubType: Quadruplex -
Building and Construction
Property Age: 77 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Assessor Total Square Feet Living: 2366 Entry Level: 2 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2 Structure Type: Quadruplex
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 |
| 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 |
| 3940 Denker, Los Angeles, CA, 90062 | $620,000 | 3 | 2 | 1,196 | 1,196 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 |
| 1474 W Vernon Avenue, Los Angeles, CA, 90062 | $998,000 | 5 | -- | 2,263 | 2,263 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 06/16/2026 @ 21:53
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