522 W Vernon Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90037
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,346 sqft
Price per Sqft $478
MLS Listing ID 25607053
Bedrooms 9
Year Built 1904
Lot Size 7,248 Sqft
Property Sub-Type Multi-Family
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 currently VACANT, with 7 bedrooms and 2 bathrooms. The space is well-maintained and ideal for continued use as a preschool, daycare, or educational facility. 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 lower level is currently used as a playground area for the daycare. The owner is in the process of constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. The residential units will be delivered VACANT. Two separate buildings on one lot. Substantial existing income with growth potential. Commercial tenant willing to sign a long-term lease. Additional ADU under construction for added value. 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 or owner-users seeking a multi-purpose asset in a growing area. The entire property is VACANT.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Flooring Laminate
Equipment Alarm System
Laundry None
Exterior
Parking Features Driveway
Garage Spaces 4.0
Pool None
Waterfront Description None
View Y/N Yes
View City Lights, City
Others
Special Listing Condition Standard