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2417 W Vernon Avenue, Los Angeles, CA 90008

$2,600,000

$320 per ft²

17 Bed

17 Bath

8,128 Sq Ft

0.2871 Acres

Listing Office: Matthews Real Estate Investment Services

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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 Agent: Nabil Awada

License Number: 02046840

Offered by: Matthews Real Estate Investment Services

Office Phone: 866-889-0550

MLS: #26859147

California Regional MLS

Date Added: 07/13/2026 12:00:00 am

Last Update: 07/13/2026 09:39:07 pm

Days on Market: 2

Exterior

Style: Bungalow
Parking: On Street, Parking spaces: 0

Construction

General: 1

Location

Originating MLS: CRMLS_CL
County: Los Angeles

Lot

Zoning: LAC2, 5022028005

Financial

Source: CRMLS_CL

Property

Year Built: 1940
Type: Multi-Family
Style: Bungalow
Neighborhood: Leimert Park
Parcel #: 5022028005

07/13/2026$2,600,000@ 320 per ft²Listed

07/13/2026Active

Listing Broker

Tade Keshishyan

1 @

License #: 02190628

Email: [email protected]

Phone: 8183592303

Location: CA

Last Updated: 07/13/2026 09:39:07 pm

Offered by: Nabil Awada, 02046840, 310-844-9362 @ Matthews Real Estate Investment Services

MLS: #26859147

Source: California Regional MLS

<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_580_large.png' ALT='IDX'> 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.<BR><BR>The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by <A HREF='http://www.realtywatchsolutions.com/' TARGET='_blank'>RealtyWatch Solutions</A>. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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2417 W Vernon Avenue, Los Angeles, CA 90008 is a 17 Bed, 17 Bath, 8,128 Sq Ft, 0.2871 Acres, Multi-Family built in 1940.

This property is currently available and was listed by California Regional MLS on 07/13/2026 12:00:00 am. The MLS # for the property is MLS #26859147.