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2417 W Vernon Avenue, Los Angeles, CA 90008

Los Angeles
Local realty services provided by:CENTURY 21 Valley Properties
2417 W Vernon Avenue,Los Angeles, CA 90008
$2,600,000
  • 17 Beds
  • 17 Baths
  • 8,128 sq. ft.
  • Multi-family
  • Active
Listed by: nabil awada
Office: matthews real estate investment services866-889-0550
MLS#:26859147
Source:CRMLS

Price summary

  • Price:$2,600,000
  • Price per sq. ft.:$319.88

About this home

We are pleased to present 2417 W Vernon Ave, a recently renovated 14-unit bungalow court in the highly desirable Leimert Park neighborhood of Los Angeles, offered at an 8.19% cap rate and 7.93 GRM. Built in 1940 and comprehensively renovated, the property pairs upgraded single-story residential units with permitted ADU additions, with Certificates of Occupancy issued in 2024. Leimert Park has become one of LA's most sought-after cultural and residential corridors, giving investors the rare combination of neighborhood momentum and long-term supply constraints, and low-density bungalow court product of this kind can no longer be replicated under current zoning. The result is a turnkey acquisition requiring minimal near-term capital expenditure, with a stable, government-backed income base: 11 of the 14 units are leased under Housing Assistance Payment (HAP) contracts through Section 8, providing consistent, subsidized rental income and reduced vacancy and collection risk. The unit mix...

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Home facts

  • Year built:1940
  • Listing ID #:26859147
  • Added:62 day(s) ago
  • Updated:September 14, 2026 at 11:13 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:17
  • Living area:8,128 sq. ft.

Structure and exterior

  • Year built:1940
  • Building area:8,128 sq. ft.
  • Lot area:0.29 Acres
  • Architectural Style:Bungalow
  • Levels:1 Story

Finances and disclosures

  • Price:$2,600,000
  • Price per sq. ft.:$319.88

Parking

  • Parking description:On Street
The information being provided by California Regional MLS (Southern California) is for the 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. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Anthony Guetzoian

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