$ 2,500,000
-
$2,500,000
Price -
15
Bed -
16
Bath -
7,354
SqFt
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About the Listing OC03539 - OCPASQWIL,OCCARDANG
Luxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non-rent-controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4-bedroom / 4-bathroom residence and a 3-bedroom / 3-bathroom unit. The third building consists of a detached ADU offering a well-designed 1-bedroom / 1.5-bathroom layout. All units showcase modern open-concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in-unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2-car garages with EV charging capability, enhancing tenant appeal and long-term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters — supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs — driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in-place income, and long-term appreciation potential in one of Los Angeles’ most active rental corridors.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Multi-Family
MLS ®
OC26039085
Year Built
2023
Total Square Footage
7,354
Lot/Acreage
0.17
County
Los Angeles
Area
C23 - Metropolitan
Interior Details
- Bedrooms: 15
- Bathrooms: 16 Full
- Appliances: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Recessed Lighting,All Bedrooms Up,Bedroom on Main Level,Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: Back Yard,Front Yard,Level,No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 9
- Zoning: LAR3
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Driveway,Garage,Paved,See Remarks,Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5018033019
- Tax Year: N/A
Payment Calculator
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Questions About..
532 W Vernon Los Angeles, CA 90037
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