Contact Xavier Gomez
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532 Vernon , Los Angeles, CA 90037
Priced at Only: $2,500,000
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Address: 532 Vernon , Los Angeles, CA 90037
Property Location and Similar Properties
- MLS#: OC26039085 ( Apartment )
- Street Address: 532 Vernon
- Viewed: 3
- Price: $2,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2023
- Bldg sqft: 0
- Days On Market: 32
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90037
- Provided by: Harcourts Prime Properties
- Contact: William William

- DMCA Notice
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DescriptionLuxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non rent controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4 bedroom / 4 bathroom residence and a 3 bedroom / 3 bathroom unit. The third building consists of a detached ADU offering a well designed 1 bedroom / 1.5 bathroom layout. All units showcase modern open concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2 car garages with EV charging capability, enhancing tenant appeal and long term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in place income, and long term appreciation potential in one of Los Angeles most active rental corridors.
Features
Appliances
- Gas Cooktop
- Microwave
- Refrigerator
- Gas Range
- Gas Oven
- Dishwasher
Association Fee
- 0.00
Building Area Total
- 7354.00
Commoninterest
- None
Common Walls
- 1 Common Wall
Cooling
- Central Air
Country
- US
Days On Market
- 30
Door Features
- Mirror Closet Door(s)
Entry Location
- Ground
Fencing
- Fair Condition
Fireplace Features
- None
Flooring
- Laminate
Garage Spaces
- 8.00
Green Energy Generation
- Solar
Heating
- Central
Insurance Expense
- 2500.00
Interior Features
- Recessed Lighting
Laundry Features
- In Garage
- See Remarks
- Washer Included
- Dryer Included
Levels
- Three Or More
Lockboxtype
- Combo
Lot Features
- Level
- Front Yard
- Back Yard
Netoperatingincome
- 174116.00
Parcel Number
- 5018033019
Parking Features
- Garage
- Assigned
- Driveway - Combination
- Paved
- Tandem Garage
- See Remarks
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Property Condition
- Updated/Remodeled
Road Surface Type
- Paved
Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 457132992:CRM
Spa Features
- None
Totalexpenses
- 36400.00
Trash Expense
- 0.00
Uncovered Spaces
- 1.00
Utilities
- Natural Gas Connected
- Sewer Connected
- Electricity Connected
- Water Connected
View
- Neighborhood
Water Source
- Public
Year Built
- 2023
Year Built Source
- Assessor
Zoning
- LAR3
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com






















































