Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong current 5.6% Cap Rate with additional rent upside potential. The property features two spacious 2-bedroom / 1-bath units (downstairs Unit 1478 and upstairs Unit 1474) plus a 1-bedroom / 1-bath unit (Unit 1478.5). Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area. Two units can be delivered vacant.
Listed by Jennifer Stein
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License #01786020
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Keller Williams Realty Santa Barbara
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805-319-5866
Last updated February 17, 2026
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Source: CRMLS #26638505
Listing Facts
TypeMulti-family
NeighborhoodVermont Square
Bedrooms5
Days on Prevu40
Size2,263 sqft
Price per sqft$525
Amenities
Parking
Location
Mortgage Calculator
Listing History
02/15/2026
Price Decreased
$1,189,000
02/05/2026
Listed by Keller Williams Realty Santa Barbara
$1,199,000
Property Details for 1474 W Vernon Avenue
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1911
Architectural Style: Craftsman
Common Walls: 1 Common Wall
Measurements
Building Area Total: 2,263
Lot Size Acres: 0.13
Lot Size Area: 5,721
Lot Size Square Feet: 5,721
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.65
Gross Income: $95,220.00
Taxes
Parcel Number: 5016002003
Interior
Features
Appliances: Refrigerator
Measurements
Living Area: 2,263
Living Area Source: Other
Rooms
Bathrooms Total Integer: 3
Bedrooms Total: 5
Parking
Parking
Open Parking Spaces: 6
Parking Features: Uncovered
Parking Total: 6
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 5 bedrooms in this multi-family home at 1474 W Vernon Avenue.
Does this multi-family home have parking?
Yes, there are 6 parking spaces available for 1474 W Vernon Avenue.
How does 1474 W Vernon Avenue compare to other multi-family homes in Vermont Square?
This multi-family home is listed 4% above the average price for multi-family homes in Vermont Square and has been on the market for 72 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 2,263 sqft.
1474 W Vernon Avenue is a 5-bedroom multi-family home for sale in Los Angeles CA 90062. Listed on Prevu for 40 days at $1,189,000. This includes a recent price decrease of $10,000. This property features 2,263 square feet of living space, located in Vermont Square. The median listing price for multi-family homes in this area is $839,750. Property amenities include parking. View other 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.
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.