Active Under Contract

458 W Vernon

Los Angeles, CA 90037
Mark as Favorite
Bed 6

Bed

Bath 4

Bath

SqFt5,008

Sqft(Lot)

Major Price Reduction! Updated quadruplex with previously approved ADU expansion plans in the high-growth USC / Exposition Park corridor. Positioned on a prominent signalized corner at Vernon and Figueroa with immediate access to the 110 Freeway, this LAC2-zoned asset offers a rare combination of current income, operational upgrades, and long-term redevelopment potential. The property has undergone significant improvements, including reglazed tubs and showers, upgraded plumbing components, gas line repairs and seismic valve work, refreshed interiors, and multiple system upgrades completed during recent unit turns, resulting in strong long term potential and reduced deferred maintenance. The property is fully occupied with two tenants, delivering immediate cash flow with upside throug h rental growth and ADU expansion. Previously approved plans allow for two additional 3-bedroom, 2-bath ADUs, creating a clear path to increased density and improved long-term returns. With C2 zoning flexibility, investors may also explore alternative redevelopment strategies consistent with the evolving South Figueroa corridor. Located minutes from USC, BMO Stadium, the LA Memorial Coliseum, and Downtown Los Angeles, the property benefits from strong transit connectivity, walkability, and continued neighborhood revitalization. Separate electric and gas meters support efficient operations, while the corner lot exposure enhances long-term land value. Ideal for investors seeking a great income property today with defined upside through expansion, repositioning, or redevelopment in one of Los Angeles’ most active growth corridors.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $795,000

AD Id : 75493646

MLS Id : AR26037826

Beds : 6

Lot Size : 5,008 Sq. Ft

Year Built : 1911

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1911
    Building Area Total: 3726
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 5008 Lot Size Acres: 0.115 Lot Size Source: Assessor Lot Size Square Feet: 5,008 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $795000
    Original Price: $995000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 5018034002 Tax Lot: 125

  • Location Information

    Direction: From I-110, exit Vernon Ave, head east, property is at Vernon and Figueroa corner WaterSource: Public
Sell a home like this and save $47,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1171 W 38th Street, Los Angeles, CA, 90037 $699,900 1 1 -- 6,212 Sq. Ft
927 W 48th Street, Los Angeles, CA, 90037 $838,000 6 3 1,912 6,765 Sq. Ft
232 W 40th Place, Los Angeles, CA, 90037 $1,150,000 7 4 2,060 6,529 Sq. Ft
146 W Vernon, Los Angeles, CA, 90037 $1,049,999 8 4 -- 6,076 Sq. Ft
134 W 49th, Los Angeles, CA, 90037 $888,999 8 3 -- 5,445 Sq. Ft
3830 S Figueroa Street, Los Angeles, CA, 90037 $2,000,000 5 3 -- 7,010 Sq. Ft
348 W Vernon Avenue, Los Angeles, CA, 90037 $775,000 3 4 2,940 5,004 Sq. Ft
242 W 58th, Los Angeles, CA, 90037 $599,000 3 2 -- 4,842 Sq. Ft
4512 S Figueroa, Los Angeles, CA, 90037 $750,000 4 2 2,205 6,762 Sq. Ft
620 W 41st, Los Angeles, CA, 90037 $1,699,000 8 4 -- 6,752 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/01/2026 @ 14:54

MLS: AR26037826 LISTED BY: Joshua McIntire, McIntire Real Estate Inc. 818-618-7990 SOURCE: CRMLS

Homes around $795,000

Selling? Save $47,201 when you sell a home like this

Tour with a ByOwner Agent