532 W Vernon Ave, Los Angeles, CA 90037 (MLS # OC26039085)

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PRICE $2,500,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 7,354 sqft
LOT SIZE 7,249 sqft
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Luxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non-rent-controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4-bedroom / 4-bathroom residence and a 3-bedroom / 3-bathroom unit. The third building consists of a detached ADU offering a well-designed 1-bedroom / 1.5-bathroom layout. All units showcase modern open-concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in-unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2-car garages with EV charging capability, enhancing tenant appeal and long-term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters "” supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs "” driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in-place income, and long-term appreciation potential in one of Los Angeles' most active rental corridors.

DAYS ON MARKET 1 LAST UPDATED 3/13/2026
YEAR BUILT 2023 COMMUNITY C23 - Metropolitan
GARAGE SPACES 8.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
AREA C23 - Metropolitan
GARAGE Yes
HEAT Central
INTERIOR Recessed Lighting, Walk-In Closet(s)
LOT 7248 sq ft
LOT DESCRIPTION Back Yard, Front Yard, Level
LOT DIMENSIONS 7248
PARKING Assigned, Driveway, Garage, Paved, See Remarks, Tandem
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 3+
UTILITIES Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Harcourts Prime Properties

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