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$ 1,600,000
Est. payment /mo
Active
522 W Vernon AVE Los Angeles, CA 90037
9 Beds
5 Baths
3,346 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,346 sqft
Price per Sqft $478
MLS Listing ID 25607053
Bedrooms 9
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1904
Property 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Total Parking Spaces 4
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5018033017
Security Features Gated Community
Special Listing Condition Standard
Listed by Shahram Shamounpour Keller Williams Beverly Hills