2417 W Vernon Avenue, Los Angeles, CA 90008
Local realty services provided by:CENTURY 21 Epic
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% current 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 includes twelve 1-bed/1-bath units, one 2-bed/2-bath ADU, and one 3-bed/3-bath ADU, with two units delivered vacant for immediate lease-up at market rents. Separately metered for gas and electricity, simplifying management and reducing landlord expenses. Located 0.7 miles from Leimert Park Station on the Metro K Line with convenient access to USC, Exposition Park, Downtown LA, and Culver City. With renovations and ADU additions complete, new ownership can focus directly on maximizing occupancy and income. Buyer to verify all information including square footage, permits, and rent roll....
Contact an agent
Home facts
- Year built:1940
- Listing ID #:26859147
- Added:1 day(s) ago
- Updated:July 13, 2026 at 06:29 PM
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
New listings near 2417 W Vernon Avenue
- New
$1,350,000Active10 beds 7 baths2,443 sq. ft.1420 W 22nd Street, Los Angeles, CA 90007
MLS# 26858661Listed by: KELLER WILLIAMS BEVERLY HILLS - New
$649,000Active2 beds 2 baths1,291 sq. ft.822 S Windsor Boulevard #102, Los Angeles, CA 90005
MLS# 26859169Listed by: REDPOINT REALTY - Coming Soon
$1,698,000Coming Soon4 beds 3 baths2932 Edgehill Drive, Los Angeles, CA 90018
MLS# AR26152125Listed by: UNIVERSAL ELITE REALTY - New
$1,199,000Active4 beds 3 baths2,120 sq. ft.19834 Haynes Street, Woodland Hills, CA 91367
MLS# SR26144309Listed by: LA PREMIER REALTY, INC. - Open Sun, 2 to 5pmNew
$1,795,000Active4 beds 3 baths2,282 sq. ft.6051 Sadring Avenue, Los Angeles, CA 91367
MLS# 26856467Listed by: COMPASS - Open Tue, 11am to 2pmNew
$29,995,000Active8 beds 11 baths12,914 sq. ft.22 Oakmont Drive, Los Angeles, CA 90049
MLS# 26858775Listed by: THE AGENCY - Open Sat, 12 to 4pmNew
$1,887,000Active3 beds 2 baths1,206 sq. ft.2015 Malcolm Avenue, Los Angeles, CA 90025
MLS# 26859105Listed by: CHANA GEDY - New
$9,995,000Active5 beds 8 baths6,758 sq. ft.14132 Beresford Road, Beverly Hills, CA 90210
MLS# 26859125Listed by: RODEO REALTY - New
$2,335,000Active8 beds 6 baths7,348 sq. ft.1202 S Cochran Avenue, Los Angeles, CA 90019
MLS# 26859133Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC.