702 W Vernon Avenue Los Angeles, CA ^$ 1,290,000

702 W Vernon Avenue

^$ 1,290,000

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702 W Vernon Avenue

Los Angeles, CA, 90037

^$ 1,290,000

Studio Baths1.0 Sq 4,616

Monthly Estimate*

^$ 8,048

Listed by Juan Carlos Martinez

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,290,000 with 1 full bath. This 4,616 square foot home was built in 1924 on a lot size of 0.1701.

STRATEGICALLY LOCATED JUST A MILE FROM THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC)! Welcome to this 6 unit investment opportunity in the heart of Los Angeles! This property is an attractive option for student housing. The area boasts a high walkability score, with numerous dining, shopping, and entertainment options nearby. Public transportation is easily accessible, providing convenient connections throughout the city. The "live in one, rent the others" model offers the potential for steady rental income while maintaining a personal residence within the property. The configuration allows for flexibility in tenant arrangements, catering to a variety of rental needs. Take advantage of this unique opportunity to own a multi-unit property in a vibrant Los Angeles neighborhood. With its prime location and endless possibilities, this property is ready for you to make it your own. Schedule a showing today and explore all that it has to offer!

Multi-Family Pending

Price

^$ 1,290,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1701

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

DW25119012

Days on Market

324

Features

General

Sewer Public Sewer

Utilities Electricity Connected Sewer Connected Water Connected

Zoning LAR3

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1924

Tenant Pays Electricity Gas

Stories Count 2

Levels Two

Property Subtype Single Family Residence

Gross Income 98580

Community Features Sidewalks

County Los Angeles

Net Operating Income 92580

Operating Expense 6000

Insurance Expense 0

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 0

Special Listing Conditions Standard

Status Pending

Directions Heading West on W. Vernon Ave property is on right hand side off the main street.

City Los Angeles

Entry Location Front

Senior Community Y/N 0

Number Of Units Total 6

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 7408

Listing Terms Conventional 1031 Exchange FHA Submit VA Loan

Property Attached Y/N 0

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 500

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Pending

Year Built Source Public Records

Tax Lot 62

Property Sub Type Additional Single Family Residence

Interior

Total Stories 2

Common Walls No Common Walls

Laundry Features Outside

Entry Level 1

Exterior

Fencing Wrought Iron

Parking Features Off Street

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 0

Lot Size Area 7408

Number of Buildings 2

Building Area Total 4616

Lot Size Acres 0.1701

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

* Excluded Features

List By

Juan Carlos Martinez

Broker

TheCaRealtor@gmail.com

Affordability Calculator

$8,048

Per Month

Monthly Principal & Interest: $8,048
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,897,717

Percent of Sale Price 47%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,290,000		Listed Price

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702 W Vernon Avenue, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $1,290,000 with 4,616 sqft and a lot size of 0.1701. 702 W Vernon Avenue is a studio with 1.0 baths and was built in 1924. The property's zip code is 90037 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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702 W Vernon Avenue

Multi-Family Home for sale in Los Angeles, CA

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