Properties

Los Angeles, CA 90037 602 W Vernon Avenue

602 W Vernon Avenue Los Angeles, CA - Image 1
Presented By: Deborah Moussighi with Keller Williams Luxury; 818-585-2758
  • MLS# SR25126853
  • 06/04/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • SQFT • 3,800

Home Details

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
Presented By: Deborah Moussighi with Keller Williams Luxury; 818-585-2758

Interior Features for 602 W Vernon Avenue

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level2

General for 602 W Vernon Avenue

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesBiking, Street Lights, Sidewalks
CountyLos Angeles
Directions110 S Exit Vernon Ave. Continue on S Flower St. Right on W Vernon
Entry LocationFront
Garage Spaces
Garage Y/NNo
Gross Income65678
Insurance Expense1523
Land Lease Y/NNo
Listing TermsCash, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry
Lot Size Square Feet6848
Lot Size UnitsSquare Feet
MLS AreaC36 - Metropolitan Southwest
Net Operating Income
New ConstructionNo
Number Of Units Total2
Operating Expense0
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot55
Trash Expense0
Year Built1912
Year Built SourceAssessor
ZoningLAR3

Exterior for 602 W Vernon Avenue

Building Area Total3800
Lot Features2-5 Units/Acre
Lot Size Acres0.1572
Lot Size Area6848
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Private PoolNo
Total Parking0
Water SourceSee Remarks

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $988,888
MLS#SR25126853
List Date 06/04/2025
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 602 W Vernon Avenue

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.