$988,888
602 W Vernon Avenue, Los Angeles CA 90037
Multi-Family (Duplex)
Property type
364 days
On market
$260
Price per sqft
0 cars
Garage
1912
Year built
6,848 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Deborah Moussighi DRE #01487871, Keller Williams Luxury
Listing updated: Apr 26, 2026 at 09:41pm.
Last checked: Jun 5, 2026 at 05:01pm
Source: CRMLS #SR25126853
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 7 | 0 | — | $5,464 | $5,464 | $6,264 | Negotiable |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
14.6x
List Price / Annual Gross Rent
Gross Scheduled Income: $67,923
Operating Expense: $0
Net Operating Income: $0
Annual Operating Expenses
Insurance: $1,523
Trash: $0
Interior
Laundry: Inside
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: One Common Wall
Lot Features: Two To Five Units Acre
Pool: None
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5018033027
Additional Parcels: No
Tax Lot: 55
Zoning: LAR3
Tax Block: 7
Community
Senior Community: No
Community Features: Biking, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 602 W Vernon Avenue, Los Angeles, CA 90037. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$791,110
Total Interest
$1,009,018
Total Payment
$1,800,128
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,180
per month
Property History for 602 W Vernon Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90037.
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