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602 W Vernon Avenue, Los Angeles, CA 90037

Local realty services provided by:CENTURY 21 Village Realty
602 W Vernon Avenue,Los Angeles, CA 90037
$988,888
  • - Beds
  • - Baths
  • 3,800 sq. ft.
  • Multi-family
  • Active
Listed by: deborah moussighi
Office: keller williams luxury
MLS#:SR25126853
Source:CRMLS

Price summary

  • Price:$988,888
  • Price per sq. ft.:$260.23

About this home

Development & Investment Opportunity: Fully RTI for 16 Units, Approved for Section 8 Presenting a prime investment and development opportunity with Fully RTI (Ready to Build Immediately) plans for 16 units, consisting of 13 one-bedroom units and 3 two-bedroom units. The property is approved for Section 8, offering significant future rental income potential upon completion. Key Features: RTI for 16 Units: The property is approved and ready for immediate construction, with plans for 13 one-bedroom units and 3 two-bedroom units, creating a strong future rental income stream. Current Income: The existing 6-bed, 3-bath duplex currently generates $5,460 per month in rental income from non-Section 8 tenants, providing reliable cash flow as you move forward with your development plans. Additional Room: An additional room in the duplex is available for rent, further increasing the property's rental income potential. Ellis Act Eligible: The property is eligible for the Ellis Act, offering

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Home facts

  • Year built:1912
  • Listing ID #:SR25126853
  • Added:329 day(s) ago
  • Updated:January 25, 2026 at 11:50 AM

Rooms and interior

  • Living area:3,800 sq. ft.

Structure and exterior

  • Year built:1912
  • Building area:3,800 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$988,888
  • Price per sq. ft.:$260.23
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 Village Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Village Realty, 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.

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