602 W Vernon AV
Los Angeles, CA, 90037
$988,888
Beds
0 Baths
0 SqFt
0.16 Acres
Add
MLS #SR25126853 image #0
Development & Investment Opportunity: Fully RTI for 16 Units, Approved for Section 8 Presenting a prime investment and development opportunity with Fully RTI (Ready to Build Immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. The property is approved for Section 8, offering significant future rental income potential upon completion. Key Features: RTI for 16 Units: The property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream. Current Income: The existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-Section 8 tenants, providing reliable cash flow as you move forward with your development plans. Additional Room: An additional room in the duplex is available for rent, further increasing the property’s rental income potential. Ellis Act Eligible: The property is eligible for the Ellis Act, offering flexibility for future redevelopment or adjustments to tenant occupancy. This is a rare opportunity for investors to take advantage of a fully RTI property, currently generating rental income with non-Section 8 tenants while offering strong future potential through Section 8 approval. With immediate cash flow and long-term growth possibilities, this property is a solid addition to any portfolio. Please inquire about current expenses on the duplex

Property Details

Price:
$988,888
MLS #:
SR25126853
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Duplex
Neighborhood:
c36metropolitansouthwest
Listed Date:
Jun 5, 2025
Total Sq Ft:
3,800
Lot Size:
6,848 sqft / 0.16 acres (approx)
Year Built:
1912
C36 – Metropolitan SouthwestC36metropolitansouthwest

Ask a Question

See this Listing

Send
  

Schools

Interior

Laundry Features
IN

Exterior

Common Walls
_1CW
Community Features
SDW, SL, BIKI

Financial

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Jun 01, 2026
7,204
Single Family Listed
85
Avg DOM
429
Avg $ / SqFt
$1,683,366
Avg List Price

Property Summary

    602 W Vernon AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90037. It is listed for $988,888 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1912. The average price per square foot for Single Family listings in Los Angeles is $429. The average listing price for Single Family in Los Angeles is $1,683,366.

Similar Listings Nearby

broker reciprocity
MLS# 26827119broker reciprocity
914 E Martin Luther King Jr BL
Los Angeles, CA

$1,285,000

1.5 miles away

broker reciprocity
MLS# 26663347broker reciprocity
3468 W 71st ST
Los Angeles, CA

$1,285,000

3.4 miles away

broker reciprocity
MLS# P1-18725broker reciprocity
5321 Denker AV
Los Angeles, CA

$1,280,000

1.4 miles away

broker reciprocity
MLS# SR25172940broker reciprocity
3887 S Van Ness AV
Los Angeles, CA

$1,277,777

2.1 miles away

broker reciprocity
MLS# 26816735broker reciprocity
5445 Chesley AV
Los Angeles, CA

$1,275,000

3.0 miles away

broker reciprocity
MLS# 26830411broker reciprocity
1981 Estrella AV
Los Angeles, CA

$1,275,000

2.1 miles away

broker reciprocity
MLS# SW26062720broker reciprocity
4637 Presidio DR
View Park, CA

$1,275,000

3.4 miles away

broker reciprocity
MLS# SB26115015broker reciprocity
2911 S Palm Grove AV
Los Angeles, CA

$1,250,000

4.0 miles away

broker reciprocity
MLS# PW26101135broker reciprocity
1328 S Hobart BL
Los Angeles, CA

$1,250,000

3.2 miles away

602 W Vernon AV
Los Angeles, CA