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1348 E Vernon Avenue Los Angeles, CA $ 2,395,000
1348 E Vernon Avenue
$ 2,395,000
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1348 E Vernon Avenue

Los Angeles, CA, 90011
$ 2,395,000
Bedrooms17 Baths2.0 Sq 5,927

Monthly Estimate*

$ 14,942

Listed by Compass
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Multi-Family Home for sale in Los Angeles, CA

for $2,395,000 with 17 bedrooms and 2 full baths. This 5,927 square foot home was built in 2022 on a lot size of 0.1377.

Contemporary Fourplex! This remarkable property features two distinct buildings. The front building is two stories high and includes two units, each offering three bedrooms and two bathrooms. The back building showcases a tri-level design with side-by-side units: one containing four bedrooms and three bathrooms, while the other boasts seven bedrooms and five bathrooms. All units are designed with highly desirable floor plans in a townhome style, complete with en-suite bathrooms and master bedrooms. Expansive windows flood the interiors with natural light, and additional highlights include walk-in closets, custom window blinds, stainless steel appliances, two-tone interior paint, and energy-efficient LED lighting. Each unit also comes with its own laundry room, tankless water heaters for instant hot water, and energy-saving HVAC systems.Ample parking is available, featuring decorative pavers, an attached garage, and an automatic gate opener. The property is well-maintained, with drought resistant landscaping and includes solar panels, ensuring it is self-sustainable with minimal maintenance costs. Each unit is individually metered, and an EV charging connection is provided in the garage. This attractive property is easy to rent and is centrally located near Downtown Los Angeles, USC, and major public transportation routes. With no rent control and increasing demand for rentals in the area, this building presents a great investment opportunity.

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Multi-Family Active

Price

$ 2,395,000

Bedrooms

17

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1377

Year Built

2022

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25590259

Days on Market

102

Features
General
Living Area 5927
Sewer Other
Heating Baseboard Electric Forced Air Natural Gas
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher Gas Cooktop Disposal Gas Oven Oven Dryer
Zoning LARD1.5
Architectural Style Contemporary
Security Features Fire Rated Drywall Security Gate Smoke Detector(s)
Construction Materials Frame
Year Built 2022
Tenant Pays Electricity Gas Trash Collection Water
View City Lights
Levels Multi/Split
Gross Income 206400
County Los Angeles
Net Operating Income 173400
New Construction 0
Property Type Residential Income
HOA 0
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional
Directions From the 110 use the Vernon Ave exit . Merge on S Grand Ave Turn to Vernon Ave
City Los Angeles
Entry Location Ground Level w/steps
Senior Community Y/N 0
Number Of Units Total 4
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 5997
Number of Units Leased 2
Property Attached Y/N 1
Land Lease Y/N 0
Property Condition Updated/Remodeled
Additional Parcels Y/N 0
Rent Control Y/N 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Builder
Cap Rate 7
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Interior
Flooring Laminate
Fireplace Features Bath Decorative Dining Room Electric Family Room Kitchen Living Room
Total Stories 2
Common Walls 1 Common Wall
Heating Y/N 1
Window Features Double Pane Windows
Fireplace Y/N 1
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 17
Entry Level 1
Total Baths 12
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Exterior
Parking Features Converted Garage Driveway
Total Parking 8
Lot Size Area 5997
Foundation Details Slab
Number of Buildings 2
Building Area Total 5927
Lot Size Acres 0.1377
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Compass

Broker

JOE2696@GMAIL.COM

Email

Affordability Calculator

$14,942
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Monthly Principal & Interest
$14,942
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,395,000 Listed Price

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1348 E Vernon Avenue, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $2,395,000 with 5,927 sqft and a lot size of 0.1377. 1348 E Vernon Avenue has 17 bedrooms, 2.0 baths, and was built in 2022. The property's zip code is 90011 which is in Los Angeles, CA