532 W Vernon Ave Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $17,860/month
Total Views
349
8
Beds
8
Baths
7,354
Sq Ft
$388
Price per Sq Ft
Highlights
- Primary Bedroom Suite
- Double Pane Windows
- Recessed Lighting
- Neighborhood Views
- Living Room
- Laundry Room
About This Home
Prime Brand-New 5-Unit Apartment Building in South Los Angeles – Investor Ready! We are excited to present this stunning brand-new construction 5-unit multifamily property completed in 2022, offering a rare combination of modern design, premium finishes, and unbeatable location. Perfectly positioned in a vibrant South Los Angeles neighborhood, this property sits just west of S. Figueroa Street and south of W. Vernon Avenue, placing residents minutes from Downtown LA, USC, Exposition Park, and major commuter routes.
Spread across three beautiful buildings, the property boasts an exceptional unit mix:
One (1) spacious 1-bedroom, 1.5-bath ADU
Two (2) large 3-bedroom, 3-bath townhouse-style units
Two (2) expansive 4-bedroom, 4-bath townhouse-style units
The four front units span three stories each, while the rear ADU offers a comfortable two-story layout—each with thoughtfully designed open floor plans, abundant natural light, and modern amenities. Inside, you’ll find high ceilings, contemporary kitchens with stainless steel appliances, designer cabinetry, and stone countertops, along with beautiful flooring, recessed lighting, and energy-efficient systems. Location is key, and this property delivers—just two miles from USC, making it a prime choice for off-campus housing, and less than four miles to Downtown LA for working professionals. Outdoor enthusiasts will love being minutes from Banc of California Stadium, Exposition Park, and Julian C. Dixon Park, while everyday convenience is met with nearby shopping, dining, and retail along Figueroa Street. As a non–rent-controlled, fully vacant, brand-new construction asset in a rapidly gentrifying market, this turnkey investment opportunity has strong rental income potential. Whether catering to students professionals, or families, this property is primed to deliver exceptional long-term value. Don’t miss your chance to own a premier multifamily property in one of Los Angeles’ fastest-growing neighborhoods!
Listing Agent
Luxury Collective Brokerage Phone: 310-909-3464 License #01831579 Listed on: 08/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,970
Year Built
- Built in 2022
Lot Details
- 7,248 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in good condition
- Back and Front Yard
Parking
- 4 Car Garage
- Parking Available
- Driveway
- Uncovered Parking
Home Design
- Apartment
Interior Spaces
- 7,354 Sq Ft Home
- 2-Story Property
- Recessed Lighting
- Double Pane Windows
- Living Room
- Laminate Flooring
- Neighborhood Views
- Fire and Smoke Detector
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- Primary Bedroom Suite
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Central Air
- Wall Furnace
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 53
- Assessor Parcel Number 5018033019
- $215 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Operating Expense $49,100
- Gross Income $200,208
- Net Operating Income $151,108
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,970 | $2,309,688 | $1,040,400 | $1,269,288 |
| 2024 | $27,970 | $2,264,400 | $1,020,000 | $1,244,400 |
| 2023 | $9,574 | $780,300 | $780,300 | $0 |
| 2022 | $9,132 | $765,000 | $765,000 | $0 |
| 2021 | $9,146 | $750,000 | $750,000 | $0 |
| 2020 | $5,858 | $460,530 | $368,424 | $92,106 |
| 2019 | $471 | $412,115 | $235,494 | $176,621 |
| 2018 | $5,099 | $404,035 | $230,877 | $173,158 |
| 2016 | $3,221 | $249,000 | $142,800 | $106,200 |
| 2015 | $3,221 | $249,000 | $142,800 | $106,200 |
| 2014 | $2,583 | $190,000 | $109,000 | $81,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | For Sale | $2,850,000 | +28.4% | $388 / Sq Ft |
| 01/24/2023 01/24/23 | Sold | $2,220,000 | -5.5% | $302 / Sq Ft |
| 11/21/2022 11/21/22 | Pending | -- | -- | -- |
| 10/17/2022 10/17/22 | Price Changed | $2,350,000 | -4.1% | $320 / Sq Ft |
| 09/22/2022 09/22/22 | Price Changed | $2,450,000 | -3.9% | $333 / Sq Ft |
| 09/20/2022 09/20/22 | For Sale | $2,550,000 | 0.0% | $347 / Sq Ft |
| 09/15/2022 09/15/22 | Pending | -- | -- | -- |
| 08/22/2022 08/22/22 | Price Changed | $2,550,000 | -3.8% | $347 / Sq Ft |
| 07/25/2022 07/25/22 | For Sale | $2,650,000 | +253.3% | $360 / Sq Ft |
| 08/28/2020 08/28/20 | Sold | $750,000 | -11.7% | $107 / Sq Ft |
| 07/14/2020 07/14/20 | Price Changed | $849,000 | -5.6% | $121 / Sq Ft |
| 06/29/2020 06/29/20 | Price Changed | $899,000 | -10.0% | $128 / Sq Ft |
| 05/21/2020 05/21/20 | For Sale | $999,000 | -- | $143 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,220,000 | First American Title | |
| Grant Deed | $750,000 | First American Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | $451,500 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | North American Title | |
| Grant Deed | $350,000 | North American Title | |
| Trustee Deed | $405,000 | None Available | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Grant Deed | $580,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $95,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,663,250 | Commercial | |
| Previous Owner | $542,500 | Commercial | |
| Previous Owner | $404,100 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $226,000 | New Conventional | |
| Previous Owner | $245,000 | Purchase Money Mortgage | |
| Previous Owner | $114,000 | Stand Alone Second | |
| Previous Owner | $114,000 | Stand Alone Second | |
| Previous Owner | $456,000 | Purchase Money Mortgage | |
| Previous Owner | $387,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $310,250 | Fannie Mae Freddie Mac | |
| Previous Owner | $260,800 | Unknown | |
| Previous Owner | $183,750 | Unknown | |
| Previous Owner | $161,250 | Unknown | |
| Previous Owner | $16,378 | Unknown | |
| Previous Owner | $117,489 | FHA |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25180573
APN: 5018-033-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 602 W Vernon Ave
- 458 W Vernon Ave
- 701 W Vernon Ave
- 702 W Vernon Ave
- 605 W 47th St
- 4432 Wesley Ave
- 347 W 46th St
- 706 W 42nd Place
- 328 W 45th St
- 821 W 43rd Place
- 873 W Vernon Ave
- 816 W 47th St
- 807 W 48th St
- 530 528 W 43rd St
- 315 W 47th St
- 434 W 48th St
- 856 W 47th St
- 620 W 41st Place
- 860 W 43rd Place
- 632 W 41st Place
- 524 W Vernon Ave
- 863 W Vernon Ave Unit 3
- 4623 Wesley Ave
- 4245 S Olive St
- 4245-4244 S Olive St
- 714 W 41st Place Unit 1/2
- 859 W 43rd Place
- 849 W 43rd St
- 716 W 41st Place Unit 3
- 603 W 49th St
- 847 W 43rd St
- 4502 S Broadway
- 4502 S Broadway Unit 3
- 526 W 49th St Unit 526 1-2
- 604 W 41st Dr
- 504 W 41st Dr
- 504 W 41st Dr
- 4125 S Figueroa St Unit 301
- 4125 S Figueroa St Unit 115
- 238 W 47th St Unit 238 W 47Th St