Los Angeles, CA 90037,522 W Vernon Ave
Los Angeles, CA 90037,522 W Vernon Ave
Los Angeles, CA 90037,522 W Vernon Ave
52
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$1,600,000
Est. payment /mo
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9 Beds
5 Baths
3,346 SqFt
Active

522 W Vernon Ave Los Angeles, CA 90037

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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

Construction Status Updated/Remodeled

Year Built 1904

Lot Size 7,248 Sqft

Acres 0.1664

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

Building

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Beverly Hills

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Gwendolyn Thomas

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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522 W Vernon Ave