Fully renovated 4-unit income property with approved ADU plans near USC and Exposition Park! Rare corner location adjacent to freeway access. All four units have been recently renovated and are occupied with new tenants, making this a turnkey investment opportunity. Zoned LAC2, the property includes approved plans for two additional 3-bedroom, 2-bath ADUs—offering significant upside potential through expansion. There is also an opportunity with the C2 zoning to explore redevelopment. Whether you''re a hands-off investor seeking steady income or an active investor looking to add value, this asset checks all the boxes. Located on a high-visibility corner at Vernon and Figueroa with strong foot traffic, immediate freeway access, and excellent transit options. Just steps from USC, BMO Stadium, the LA Memorial Coliseum, and Downtown LA, this property sits in one of the city''s fastest-growing neighborhoods. Don’t miss this rare opportunity to invest in both current cash flow and future growth.
Property Details
Price:
$1,200,000
MLS #:
AR25141126
Status:
Active
Baths:
0
Address:
458 W Vernon Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Jun 17, 2025
State:
CA
ZIP:
90037
Lot Size:
5,008 sqft / 0.12 acres (approx)
Year Built:
1911
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Schools
Interior
Appliances
Water Heater
Flooring
Laminate
Heating
Wall Furnace
Interior Features
Balcony
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas, Trash Collection
Map
Community
- Address458 W Vernon Avenue Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
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458 W Vernon Avenue
Los Angeles, CA
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