Property Detail

Description

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 and turnkey condition Located minutes from USC, BMO Stadium, Exposition Park, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.