714-745-2708

2417 W Vernon Avenue, Los Angeles, CA 90008

$2,600,000 Approx. USD 17 beds, 17 baths
8,128 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Nabil Awada | nabil.awada@matthews.com
Lic#: 02046840
Broker: Courtesy of Matthews Real Estate Investment Services
Phone: 310-844-9362

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26859147

Price: $2,600,000

Beds: 17

Baths: 17

Built in 1940

8,128 sqft

1 story

0.29 acres

Lot size: 0.2871

County: Los Angeles

Property style: Bungalow

Zoning: LAC2

Parking description: On Street

MLS area: PHHT - Park Hills Heights

Last Updated: 7/21/2026

Days On Market (DOM): 80

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This listing belongs to the PHHT - Park Hills Heights MLS area

The style of this listing is Bungalow.
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Lat/Long: 34.003949, -118.319972.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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