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1348 E Vernon AvenueLos Angeles, CA 90011

For Sale

$2,395,000

Smart Buyer Rebate $23,950

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

·

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.