Multi-Family for sale in Southern California — $1,600,000. 9 beds · 5 baths · 3,346 sqft. Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two s…
$1,600,000
522 W Vernon Avenue, Los Angeles, CA 90037
Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio.The owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential. Strong tenant is paying $12,500 per month plus all utilities. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors seeking a multi-purpose asset in a growing area.
Listing updated: June 17, 2026 at 3:14 PM
Listed by: Shahram Shamounpour, Keller Williams Beverly Hills
Source: CRMLS, MLS#: 25607053, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
10/21/2025 Source: CRMLS, #25607053 | Price change | $1,600,000$478/sqft-11.1% |
| 10/16/2025Source: CRMLS, #25607053 | Listed for sale | $1,800,000$538/sqft |
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