1474 W Vernon Ave

Great updated investment opportunity near USC!

Well-maintained triplex zoned LARD1.5 offering a strong 7.4% Cap Rate with additional rent upside potential. The property features two spacious VACANT 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.

This home located at 1474 W Vernon Ave is currently active and has been available on pardeeproperties.com for 130 days. This property is listed at $998,000. It has 5 beds and 3 bathrooms. The property was built in 1911. 1474 W Vernon Ave is in the Los Angeles Southwest community of Los Angeles County.

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