Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90037 602 W Vernon Avenue

602 W Vernon Avenue Los Angeles, CA - Image 1
Presented By: Deborah Moussighi with Keller Williams Luxury; 818-585-2758
  • MLS# SR25126853
  • 06/05/2025
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  • Beds • 14
  • Baths • 2
  • SQFT • 3,800
  • Year Built • 1912

Home Details

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 flexibility for future redevelopment or adjustments to tenant occupancy. This is a rare opportunity for investors to take advantage of a fully RTI property, currently generating rental income with non-Section 8 tenants while offering strong future potential through Section 8 approval. With immediate cash flow and long-term growth possibilities, this property is a solid addition to any portfolio. Please inquire about current expenses on the duplex
Presented By: Deborah Moussighi with Keller Williams Luxury; 818-585-2758

Interior Features for 602 W Vernon Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level2

General for 602 W Vernon Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, StreetLights, Sidewalks
CountyLos Angeles
Directions110 S Exit Vernon Ave. Continue on S Flower St. Right on W Vernon
Electric On Property Y/NNo
Entry LocationFront
Garage Spaces0.0
Garage Y/NNo
Gross Income65678.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1523.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031, OwnerWillCarry, OwnerMayCarry
Lot Size Square Feet6848.0
Lot Size UnitsSquareFeet
MLS AreaC36 - Metropolitan Southwest
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number Of Units Total2
Operating Expense0.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot55
Trash Expense0.0
Year Built1912
Year Built SourceAssessor
ZoningLAR3

Exterior for 602 W Vernon Avenue

Building Area Total3800.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1572
Lot Size Area6848.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourceSeeRemarks
Waterfront Y/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $988,888
MLS#SR25126853
List Date 06/05/2025
Property Type Multi-Family
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