USACALos Angeles532 W Vernon
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$2,500,000

For Sale

10 hours ago

532 W Vernon, Los Angeles, CA

Condo

MLS® OC26039085

0 Bed

0 Bath

--

9 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 0
Approx. Age 2023
MLS® Number OC26039085

Property Address: 532 W Vernon, Los Angeles, CA, 90037

Average square foot calculated using Size range provided by listing agent.

Description

Luxury 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.
MLS® NumberOC26039085
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelIn Garage, See Remarks
Exposure
Exterior
GarageYes
Approx. Age2023
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$2,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
532 W Vernon, Los Angeles, CA

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