2417 W Vernon Ave, Los Angeles, CA 90008
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2417 W Vernon Ave, Los Angeles, CA 90008
2417 W Vernon Ave, Los Angeles, CA 90008
2417 W Vernon Ave, Los Angeles, CA 90008
2417 W Vernon Ave, Los Angeles, CA 90008
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Cherrie And Zach

Cherrie And Zach

+1(661) 312-2536
$ 2,600,000
Est. payment /mo
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2417 W Vernon Ave Los Angeles, CA 90008

17 Beds

17 Baths

8,128 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,128 sqft

Price per Sqft $319

MLS Listing ID 26859147

Style Bungalow

Bedrooms 17

Construction Status Updated/Remodeled

Year Built 1940

Lot Size 0.287 Acres

Acres 0.2871

Property Sub-Type Multi-Family

Property Description

We are pleased to present 2417 W Vernon Ave, a recently renovated 14-unit bungalow court in the highly desirable Leimert Park neighborhood of Los Angeles, offered at an 8.19% cap rate and 7.93 GRM. Built in 1940 and comprehensively renovated, the property pairs upgraded single-story residential units with permitted ADU additions, with Certificates of Occupancy issued in 2024. Leimert Park has become one of LA's most sought-after cultural and residential corridors, giving investors the rare combination of neighborhood momentum and long-term supply constraints, and low-density bungalow court product of this kind can no longer be replicated under current zoning. The result is a turnkey acquisition requiring minimal near-term capital expenditure, with a stable, government-backed income base: 11 of the 14 units are leased under Housing Assistance Payment (HAP) contracts through Section 8, providing consistent, subsidized rental income and reduced vacancy and collection risk. The unit mix includes (12) 1-bed/1-bath units, (1) 2-bed/2-bath ADU, and (1) 3-bed/3-bath ADU, with two 1-bed units delivered vacant for immediate lease-up at market rents. Separately metered for gas and electricity, simplifying management and reducing landlord expenses. Located 0.7 miles from Leimert Park Station on the Metro K Line with convenient access to USC, Exposition Park, Downtown LA, and Culver City. With renovations and ADU additions complete, new ownership can focus directly on maximizing occupancy and income. Buyer to verify all information including square footage, permits, and rent roll.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features On street

Building

Story 1

Architectural Style Bungalow

Level or Stories One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

Nearby Locations

Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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2417 W Vernon Ave