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1247 E Vernon AvenueLos Angeles, CA 90011

For Sale

$875,000

Smart Buyer Rebate $8,750

Price Reduced by $25,000! Don't miss this opportunity the seller has just lowered the price by $25,000 for a faster sale. With a strong 7.5% cap rate, this property delivers impressive cash flow from day one.Featuring two separate units, it's perfect for rental income or multi-generational living. Located close to schools, shopping, and major freeways, this property offers both convenience and long-term appreciation potential. Act now before it's gone!

Listed by Jongmin Park

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License #02126533

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Dream Realty & Investments Inc

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858-429-8850

Listed by Koeun Hwang

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License #01718399

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Dream Realty & Investments Inc

Last updated December 03, 2025

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Source: CRMLS #25577351

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Alameda
  • Bedrooms8
  • Days on Prevu120
  • Size2,850 sqft
  • Price per sqft$307

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

11/17/2025
Status changed to Active
$875,000
11/17/2025
Price Decreased
$875,000
11/17/2025
Status changed to Removed from Feed
$899,000
11/01/2025
Status changed to In Contract
$899,000
10/29/2025
Status changed to Active
$899,000
10/21/2025
Status changed to Removed from Feed
$899,000
10/21/2025
Status changed to Active
$899,000
10/19/2025
Status changed to Removed from Feed
$899,000
10/18/2025
Status changed to Active
$899,000
10/16/2025
Status changed to Removed from Feed
$899,000
10/05/2025
Status changed to Active
$899,000
10/03/2025
Status changed to Removed from Feed
$899,000
09/21/2025
Status changed to Active
$899,000
09/19/2025
Status changed to Removed from Feed
$899,000
09/18/2025
Status changed to Active
$899,000
09/17/2025
Status changed to Removed from Feed
$899,000
09/12/2025
Status changed to Active
$899,000
09/06/2025
Status changed to Removed from Feed
$899,000
09/05/2025
Status changed to Active
$899,000
09/04/2025
Status changed to Removed from Feed
$899,000
08/13/2025
Listed by Dream Realty & Investments Inc
$899,000

Property Details for 1247 E Vernon Avenue

Exterior

Construction

  • Number Of Units Total: 2
  • Stories: 2
  • Year Built: 2007

Measurements

  • Building Area Total: 2,850
  • Lot Size Acres: 0.11
  • Lot Size Area: 5,112
  • Lot Size Square Feet: 5,112
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.45
  • Gross Income: $81,120.00

Taxes

  • Parcel Number: 5115035027

Interior

Measurements

  • Living Area: 2,850

Rooms

  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8

Parking

Parking

  • Parking Total: 4

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 8 bedrooms in this multi-family home at 1247 E Vernon Avenue.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 1247 E Vernon Avenue.

How does 1247 E Vernon Avenue compare to other multi-family homes in Central Alameda?

This multi-family home is listed 2% above the average price for multi-family homes in Central Alameda and has been on the market for 2 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,850 sqft.

1247 E Vernon Avenue is a 8-bedroom multi-family home for sale in Los Angeles CA 90011. Listed on Prevu for 120 days at $875,000. This includes a recent price decrease of $24,000. This residence features 2,850 square feet of living space, located in Central Alameda. The median listing price for multi-family homes in this area is $750,000. The home offers parking. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.