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Listed by Joshua McIntire, DRE #01851216 • McIntire Real Estate Inc.
$895,000
Est. payment /mo
5,008 Sqft Lot
Price Dropped by $54K
458 W Vernon Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26037826
Year Built 1911
Lot Size 5,008 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Updated quadruplex with previously approved ADU expansion plans in the high-growth USC / Exposition Park corridor. Positioned on a prominent signalized corner at Vernon and Figueroa with immediate access to the 110 Freeway, this LAC2-zoned asset offers a rare combination of current income, operational upgrades, and long-term redevelopment potential. The property has undergone significant improvements, including reglazed tubs and showers, upgraded plumbing components, gas line repairs and seismic valve work, refreshed interiors, and multiple system upgrades completed during recent unit turns, resulting in strong long term potential and reduced deferred maintenance. The property is fully occupied with two tenants, delivering immediate cash flow with upside through rental growth and ADU expansion. Previously approved plans allow for two additional 3-bedroom, 2-bath ADUs, creating a clear path to increased density and improved long-term returns. With C2 zoning flexibility, investors may also explore alternative redevelopment strategies consistent with the evolving South Figueroa corridor. Located minutes from USC, BMO Stadium, the LA Memorial Coliseum, and Downtown Los Angeles, the property benefits from strong transit connectivity, walkability, and continued neighborhood re
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Heating Wall Furnace
Flooring Laminate
Laundry None
Exterior
Parking Features Off-Street Parking
Pool 31, None
Building
Water District - Public
Others
Tax ID 5018034002
Special Listing Condition Not Applicable
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