2417 W Vernon Avenue, Los Angeles, CA 90008
2417 W Vernon Avenue, Los Angeles, CA 90008
2417 W Vernon Avenue, Los Angeles, CA 90008
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$2,600,000
Est. payment /mo
8,128 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 8,128 sqft

Price per Sqft $319

MLS Listing ID CL26859147

HOA Y/N No

Year Built 1940

Lot Size 0.287 Acres

Acres 0.2871

Property Sub-Type Other

Property Description

We are pleased to present 2417 W Vernon Ave, a recently renovated 14-unit bungalow court in the highly desirable Leimert Park neighborhood of Los Angeles, offered at an 8.19% cap rate and 7.93 GRM. Built in 1940 and comprehensively renovated, the property pairs upgraded single-story residential units with permitted ADU additions, with Certificates of Occupancy issued in 2024. Leimert Park has become one of LA's most sought-after cultural and residential corridors, giving investors the rare combination of neighborhood momentum and long-term supply constraints, and low-density bungalow court product of this kind can no longer be replicated under current zoning. The result is a turnkey acquisition requiring minimal near-term capital expenditure, with a stable, government-backed income base: 11 of the 14 units are leased under Housing Assistance Payment (HAP) contracts through Section 8, providing consistent, subsidized rental income and reduced vacancy and collection risk. The unit mix includes (12) 1-bed/1-bath units, (1) 2-bed/2-bath ADU, and (1) 3-bed/3-bath ADU, with two 1-bed units delivered vacant for immediate lease-up at market rents. Separately metered for gas and electricity, simplifying management and reducing landlord expenses. Located 0.7 miles from Leimert Park Station on the Metro K Line with convenient access to USC, Exposition Park, Downtown LA, and Culver City. With renovations and ADU additions complete, new ownership can focus directly on maximizing occupancy and income. Buyer to verify all information including square footage, permits, and rent roll.

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5022028005

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nabil Awada • Matthews Real Estate Investment Services

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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2417 W Vernon Avenue