Listing provided courtesy of Jennifer Stein of Keller Williams Realty Santa Barbara. Last updated 2026-06-27 08:11:34.000000. Listing information © 2026 Sandicor.
Asking Price: $998,000 |
1474 Vernon, Los Angeles CA 90062
Community: C34 - Los Angeles Southwest
This property was built in 1911 and is priced at $998,000. Please see the additional details below.
Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 6 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. 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. One of the 2 bedroom units can be delivered vacant.
