602 W Vernon Avenue
Los Angeles, CA 90037
7
Bed
0
Bath
3,800Sqft
6,848Sqft(Lot)
Development & Investment Opportunity: Fully RTI for 16 Units, Approved for Section 8 Presenting a prime investment and development opportunity with Fully RTI (Ready to Build Immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. The property is approved for Section 8, offering significant future rental income potential upon completion. Key Features: RTI for 16 Units: The property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream. Current Income: The existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-Section 8 tenants, providing reliable cash flow as you move forward with your development plans. Additional
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: See Remarks Sewer: Public Sewer
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Building Information
Year Built: 1912 Building Area Total: 3,800 -
Pool Features
NoneLaundry Features
Inside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1572 -
Lot Size Source: Assessor Lot Size Square Feet: 6848
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Listing Price Information
Original List Price: 988,888 Listing Contract Date: 2025-06-04 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5018033027
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Other Property Info
Source Listing Status: Active Source Neighborhood: C36 - Metropolitan Southwest Postal Code Plus 4: 2612 Directions: 110 S Exit Vernon Ave. Continue on S Flower St. Right on W Vernon Zoning: LAR3 Source Property Type: Residential Income Area: C36 - Metropolitan Southwest Property SubType: Duplex -
Building and Construction
Property Age: 114 Common Walls: 1 Common Wall Structure Type: Duplex Year Built Source: Assessor Entry Level: 2 Entry Location: Front Property Attached: Yes
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1171 W 38th Street, Los Angeles, CA, 90037 | $799,000 | 1 | 1 | 2,100 | 2,100 SqFt |
| 927 W 48th Street, Los Angeles, CA, 90037 | $838,000 | 6 | 3 | 1,912 | 1,912 SqFt |
| 134 W 49th, Los Angeles, CA, 90037 | $888,999 | 8 | 3 | 2,342 | 2,342 SqFt |
| 3830 S Figueroa Street, Los Angeles, CA, 90037 | $2,000,000 | 5 | 3 | 3,584 | 3,584 SqFt |
| 348 W Vernon Avenue, Los Angeles, CA, 90037 | $775,000 | 3 | 4 | 2,940 | 2,940 SqFt |
| 237 W 50th, Los Angeles, CA, 90037 | $699,000 | 4 | 2 | 2,019 | 2,019 SqFt |
| 323 W 47th, Los Angeles, CA, 90037 | $839,000 | 6 | 2 | 1,925 | 1,925 SqFt |
| 458 W Vernon, Los Angeles, CA, 90037 | $949,500 | 6 | 4 | 3,726 | 3,726 SqFt |
| 620 W 41st, Los Angeles, CA, 90037 | $1,725,000 | 8 | 4 | 3,872 | 3,872 SqFt |
| 314 W 56th, Los Angeles, CA, 90037 | $1,350,000 | 10 | 6 | 3,686 | 3,686 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/20/2026 @ 16:43
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