52
See all 52 photos
$1,600,000
Est. payment /mo
9 Beds
5 Baths
3,346 SqFt
Price Dropped by $200K
522 W Vernon AVE Los Angeles, CA 90037
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,346 sqft
Price per Sqft $478
MLS Listing ID 25607053
Bedrooms 9
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1904
Lot Size 7,248 Sqft
Property Description
Excellent income-producing property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure currently leased to a child care center paying $7,500 per month, month-to-month, with a tenant ready to sign a long-term lease. The space is well-maintained and ideal for continued use as a preschool, daycare, or educational facility. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio. The lower level is currently used as a playground area for the daycare. The owner is in the process of constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. The residential units will be delivered VACANT. Two separate buildings on one lot. Substantial existing income with growth potential. Commercial tenant willing to sign a long-term lease. Additional ADU under construction for added value. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors or owner-users seeking a multi-purpose asset in a growing area.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Total Parking Spaces 4
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5018033017
Security Features Gated Community
Special Listing Condition Standard
Listed by Shahram Shamounpour Keller Williams Beverly Hills
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