CA > Los Angeles
Los Angeles, CA 90037,522 W Vernon AVE
Los Angeles, CA 90037,522 W Vernon AVE
Los Angeles, CA 90037,522 W Vernon AVE
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,600,000
Est. payment /mo
9 Beds
5 Baths
3,346 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

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

HOA Y/N No

Year Built 1904

Lot Size 7,248 Sqft

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 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Heating Wall Furnace

Flooring Laminate

Fireplace No

Laundry None

Exterior

Parking Features Driveway

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Total Parking Spaces 4

Private Pool No

Building

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5018033017

Security Features Gated Community

Special Listing Condition Standard

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CRMLS – RECore
Listed by Shahram Shamounpour Keller Williams Beverly Hills

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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