532 W Vernon Avenue, Los Angeles, CA 90037

• 7,354 sqft

Property Description

Newly Built 5-Unit Apartment Building in South Los Angeles–Investor Ready! Immediate upside without displacing tenants, rent has never been raised, raising rent raises the Cap rate above 7% for an immediate value add. This stunning newer construction 5-unit multifamily property completed in 2023, offering a rare combination of modern design, premium finishes, and central location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and S of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes. Spread across three beautiful buildings, the property boasts an exceptional unit mix: One(1) spacious 1-bedroom, 1.5-bath ADU with off street parking spot and washer/dryer included; Two (2) large 3-bedroom, 3-bath townhouse-style units; Two (2) expansive 4-bedroom, 4-bath townhouse-style units The four front units span three stories each, while the rear ADU offers a comfortable two-story layout-each with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, you'll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting,

Listing Status:

Active

Date Added:

November 5, 2025 at 06:00AM

Listing Office:

Luxury Collective : 424-395-4841

Listing Agent:

Eric Delgado : 310-909-3464

MLS ID:

CRSR25254655

Interior

• Appliances: Dryer
• Laundry: DryerIn GarageWasher
• Flooring: Laminate
• A/C: Central Air
• Heating: Other
• Eco/Green Feature: Other

Exterior

• Parking: CoveredOtherUncovered Parking Space

Location

• County: Los Angeles

Lot

• Zoning: LAR35018033019
• View: Other

This listing courtesy of Eric Delgado, Luxury Collective