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About This Home
This 9-bedroom, 5-bathroom residential multi family at 522 W Vernon Ave in Los Angeles, CA is listed for $1,600,000 ($478 per sqft). Built in 1904, the home offers 3,346 sqft of living space on a 0.17 acres lot.
Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. 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 owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential.
Strong tenant is paying $12,500 per month plus all utilities. 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 seeking a multi-purpose asset in a growing area.
Key Features
- Built in 1904
- 0.17 acre lot
- 2 stories
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$8,557/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
522 W Vernon Ave
Los Angeles, CA 90037
Property Details
Flooring
Views
Parking
Cooling
Questions & Answers
This 9-bedroom, 5-bathroom residential multi family at 522 W Vernon Ave is listed at $1,600,000 ($478/sqft). The estimated monthly payment is $6,933 based on 20% down at 6.5% interest.
Key features include: Built in 1904, 0.17 acre lot, 2 stories, 4 parking spaces.
This property is listed by Shahram Shamounpour and can be reached at 4243132744 or Californialuxuryinvestments@gmail.com.
