Contemporary Fourplex! This remarkable property features two distinct buildings. The front building is two stories high and includes two units, each offering three bedrooms and two bathrooms. The back building showcases a tri-level design with side-by-side units: one containing four bedrooms and three bathrooms, while the other boasts seven bedrooms and five bathrooms. All units are designed with highly desirable floor plans in a townhome style, complete with en-suite bathrooms and master bedrooms. Expansive windows flood the interiors with natural light, and additional highlights include walk-in closets, custom window blinds, stainless steel appliances, two-tone interior paint, and energy-efficient LED lighting. Each unit also comes with its own laundry room, tankless water heaters for instant hot water, and energy-saving HVAC systems.Ample parking is available, featuring decorative pavers, an attached garage, and an automatic gate opener. The property is well-maintained, with drought resistant landscaping and includes solar panels, ensuring it is self-sustainable with minimal maintenance costs. Each unit is individually metered, and an EV charging connection is provided in the garage. This attractive property is easy to rent and is centrally located near Downtown Los Angeles, USC, and major public transportation routes. With no rent control and increasing demand for rentals in the area, this building presents a great investment opportunity.
Listed by Joe Myers
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License #01876220
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Compass
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323-863-5844
Last updated October 10, 2025
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Source: CRMLS #25590259
Listing Facts
TypeMulti-family
NeighborhoodCentral Alameda
Bedrooms17
Days on Prevu70
Size5,927 sqft
Price per sqft$404
Amenities
Dishwasher
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$2,395,000
10/22/2025
Status changed to Removed from Feed
$2,395,000
10/10/2025
Price Decreased
$2,395,000
10/05/2025
Status changed to Active
$2,495,000
10/03/2025
Status changed to Removed from Feed
$2,495,000
09/10/2025
Listed by Compass
$2,495,000
Property Details for 1348 E Vernon Avenue
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Composition
Stories Total: 2
Window Features: Double Pane Windows
Year Built: 2022
Architectural Style: Contemporary
Common Walls: 1 Common Wall
Construction Materials: Frame
Entry Level: 1
Entry Location: Ground Level w/steps
Features
View: City Lights
Measurements
Building Area Total: 5,927
Lot Size Acres: 0.13
Lot Size Area: 5,997
Lot Size Square Feet: 5,997
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.0
Gross Income: $206,400.00
Taxes
Parcel Number: 5107003007
Interior
Features
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Oven, Dryer
Fireplace Features: Bath, Decorative, Dining Room, Electric, Family Room, Kitchen, Living Room
Fireplace: Yes
Flooring: Laminate
Measurements
Living Area: 5,927
Rooms
Bathrooms Total Integer: 12
Bedrooms Total: 17
Parking
Parking
Parking Features: Converted Garage, Driveway
Parking Total: 8
Utilities
Equipment
Heating: Baseboard, Electric, Forced Air, Natural Gas
Has Heating: Yes
Sewer: Other
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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