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2417 W Vernon Avenue, Los Angeles, CA 90008

Los Angeles
Local realty services provided by:CENTURY 21 Cornerstone
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:1 day(s) ago
  • Updated:July 14, 2026 at 04:34 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
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