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9-Bedroom Residential Income - 522 W Vernon Avenue, Los Angeles, CA

$1,600,000

522 W Vernon Avenue, Los Angeles, CA

522 W Vernon Avenue, Los Angeles, CA 90037 - $1,600,000 · 9 bd 5 ba Multi-Family Home for Sale, photo 1 522 W Vernon Avenue, Los Angeles, CA 90037 - $1,600,000 · 9 bd 5 ba Multi-Family Home for Sale, photo 2 522 W Vernon Avenue, Los Angeles, CA 90037 - $1,600,000 · 9 bd 5 ba Multi-Family Home for Sale, photo 3 522 W Vernon Avenue, Los Angeles, CA 90037 - $1,600,000 · 9 bd 5 ba Multi-Family Home for Sale, photo 4 522 W Vernon Avenue, Los Angeles, CA 90037 - $1,600,000 · 9 bd 5 ba Multi-Family Home for Sale, photo 5
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Description

Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio.The owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential. Strong tenant is paying $12,500 per month plus all utilities. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors seeking a multi-purpose asset in a growing area.

Property details

Bedrooms
9
Bathrooms
5
Square feet
3,346
Year built
1904
Property type
Residential Income
Lot size
7,248 sqft

Location

522 W Vernon Avenue • Los Angeles, CA 90037

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Listed by

Shahram Shamounpour · Keller Williams Beverly Hills

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Recent sales near 522 W Vernon Avenue

Closed sales reported in 90037, nearest first, last 12 months. All recent sales in Los Angeles →

Sale history for 522 W Vernon Avenue → (2 recorded sales)

Listing courtesy of Keller Williams Beverly Hills. Information deemed reliable but not guaranteed.

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Nalren Corp. · CA DRE #02423715