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Listed by Eric Delgado • Luxury Collective
$ 2,750,000
Est. payment /mo
New
532 W Vernon AVE Los Angeles, CA 90037
7,248 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25254655
Year Built 2023
Lot Size 7,248 Sqft
Source California Regional MLS
Property Description
Newly Built 5-Unit Apartment Building in South Los Angeles-Investor Ready! Immediate upside without displacing tenants, rent has never been raised, raising rent raises the Cap rate above 7% for an immediate value add. This stunning newer construction 5-unit multifamily property completed in 2023, offering a rare combination of modern design, premium finishes, and central location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and S of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes. Spread across three beautiful buildings, the property boasts an exceptional unit mix: One(1) spacious 1-bedroom, 1.5-bath ADU with off street parking spot and washer/dryer included; Two (2) large 3-bedroom, 3-bath townhouse-style units; Two (2) expansive 4-bedroom, 4-bath townhouse-style units The four front units span three stories each, while the rear ADU offers a comfortable two-story layout-each with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, you'll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting, an
Location
State CA
County Los Angeles
Area C23 - Metropolitan
Rooms
Kitchen Microwave, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry In Garage, Washer, Dryer
Exterior
Parking Features Covered Parking, Garage, Other, Uncovered Parking
Garage Spaces 9.0
Pool 31, None
View Local/Neighborhood
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5018033019
Special Listing Condition Not Applicable
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