STRATEGICALLY LOCATED JUST A MILE FROM THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC)! Welcome to this 6 unit investment opportunity in the heart of Los Angeles! This property is an attractive option for student housing. The area boasts a high walkability score, with numerous dining, shopping, and entertainment options nearby. Public transportation is easily accessible, providing convenient connections throughout the city. The "live in one, rent the others" model offers the potential for steady rental income while maintaining a personal residence within the property. The configuration allows for flexibility in tenant arrangements, catering to a variety of rental needs. Take advantage of this unique opportunity to own a multi-unit property in a vibrant Los Angeles neighborhood. With its prime location and endless possibilities, this property is ready for you to make it your own. Schedule a showing today and explore all that it has to offer!
Sold for $1,050,000
Listed by: Juan Carlos Martinez • Juan Carlos Martinez • Contact: 562-469-0770
Bought with: Gold Realty
$1,050,000
702 W Vernon Ave, Los Angeles, CA 90037
10beds
6baths
4,616sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$227/sqft
$3,766 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,766/mo
Zestimate® history
Owner options
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$3,766/mo
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$3,766/mo
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$6,708/mo
Est. payment
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$6,708/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Juan Carlos Martinez DRE #02046723 562-302-3161,
Juan Carlos Martinez
Bought with:
Shawn Raoufpour, DRE #01425538
Gold Realty
Source: CRMLS,MLS#: DW25119012
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Appliances
- Laundry: Outside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,616
- Total interior livable area: 4,616 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Fencing: Wrought Iron
Lot
- Size: 7,408 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5018032026
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $227/sqft
- Tax assessed value: $408,860
- Annual tax amount: $5,990
- Date on market: 5/28/2025
- Cumulative days on market: 127 days
- Listing terms: Conventional,1031 Exchange,FHA,Submit,VA Loan
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Sold | $1,050,000-18.6%$227/sqft |
Source:  CRMLS #DW25119012 Report a problem | ||
| 10/6/2025 | Pending sale | $1,290,000$279/sqft |
Source: CRMLS #DW25119012 Report a problem | ||
| 8/8/2025 | Price change | $1,290,000-1.9%$279/sqft |
Source: CRMLS #DW25119012 Report a problem | ||
| 5/28/2025 | Listed for sale | $1,314,999+405.8%$285/sqft |
Source: CRMLS #DW25119012 Report a problem | ||
| 12/6/1996 | Sold | $260,000$56/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,990 +2.3% | $408,860 +2% |
| 2024 | $5,853 +1.6% | $400,844 +2% |
| 2023 | $5,761 +4.1% | $392,986 +2% |
| 2022 | $5,536 +8.5% | $385,282 +2% |
| 2021 | $5,102 -0.8% | $377,728 +1% |
| 2020 | $5,143 | $373,856 +2% |
| 2019 | $5,143 +6.6% | $366,526 +2% |
| 2018 | $4,823 | $359,340 +2% |
| 2017 | $4,823 +2% | $352,296 +2% |
| 2016 | $4,729 +3.4% | $345,390 +1.5% |
| 2015 | $4,573 +0.1% | $340,203 +2% |
| 2014 | $4,567 | $333,539 +2.5% |
| 2012 | -- | $325,523 +2% |
| 2011 | -- | $319,142 +0.8% |
| 2010 | -- | $316,758 -0.2% |
| 2009 | -- | $317,512 +4% |
| 2007 | -- | $305,184 +2% |
| 2006 | -- | $299,201 +6% |
| 2003 | -- | $282,314 +2% |
| 2002 | -- | $276,779 +4% |
| 2000 | -- | $266,033 |
Find assessor info on the county website
Neighborhood: South Los Angeles
Nearby homes
- $2,2952 bd1 ba950 sqft708 W Vernon Ave, Los Angeles, CA 90037For Rent
- $975,3007 bd-- ba1k sqft660 W Vernon Ave, Los Angeles, CA 90037Off Market
- $737,2004 bd3 ba2.2k sqft710 W Vernon Ave, Los Angeles, CA 90037Off Market
- $677,0005 bd2 ba1.7k sqft714 W Vernon Ave, Los Angeles, CA 90037Off Market
- $977,4006 bd4 ba3.7k sqft648 W Vernon Ave, Los Angeles, CA 90037Off Market
- $2,5002 bd1 ba700 sqft650 W Vernon Ave, Los Angeles, CA 90037For Rent
- $590,9001 bd2 ba1.7k sqft715 W 45th St, Los Angeles, CA 90037Off Market
- $678,100-- bd-- ba1.2k sqft644 W Vernon Ave, Los Angeles, CA 90037Off Market
Nearby schools
GreatSchools rating
- 6/10Marguerite Poindexter Lamotte ElementaryGrades: K-5Distance: 0.1 mi
- 5/10John Muir Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Manual Arts Senior High SchoolGrades: 9-12Distance: 0.5 mi
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- California
- Los Angeles County
- Los Angeles
- 90037
- South Los Angeles
- 702 W Vernon Ave
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