348 W Vernon Avenue,Los Angeles, CA 90037
Los Angeles, CA 90037
Description
Prime mixed-use investment opportunity located at 348 W Vernon Ave, Los Angeles. 4 UNITS, 3 RESIDENTIAL AND 1 STOREFRONT ** This versatile property features a street-level commercial storefront currently used as a retail space, plus three residential units, offering multiple income streams in a high-demand urban corridor. The commercial unit benefits from strong street exposure along Vernon Avenue, with a wide storefront window, security gate, and flexible interior layout ideal for retail, office, or service-oriented uses. Excellent visibility and signage potential enhance business appeal. The residential component consists of three separate units, including a combination of single-story and upper-level unit with private entrances. Units feature functional floor plans, natural light, and practical layouts suitable for long-term tenants. A shared courtyard and on-site access provide convenience and separation from the commercial space. The property sits on a fully improved lot with alley access, 3 individual meters, and a layout conducive to efficient management. Aerial views highlight proximity to major thoroughfares, public transportation, and nearby freeways, offering easy access to Downtown Los Angeles and surrounding neighborhoods. Located in a strong rental market with consistent demand for both residential and commercial space, this asset presents an excellent opportunity for investors, owner-users, or those seeking to reposition a mixed-use property for increased cash flow. Zoned for mixed use. Buyer to verify all zoning, unit count, and permitted uses with the City of Los Angeles.
Details
| MLS # | MB26097943 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 179 |
| Listing Provided By | CENTURY 21 REALTY MASTERS | Anabella Jimenez |
Features
| SQ Feet | 2,940 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.11 |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | 699 Not Defined |
| Listing VS Median (in 90037) | |
Price: $775,000 low | high Med: $817,000 sqft: 2,940 low | high Med: 3,152 $ / sqft: $264 low | high Med: $323 On site: 179 low | high Med: 160 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | 699 Not Defined |
| Listing VS Median (in 90037) | |
Price: $775,000 low | high Med: $817,000 sqft: 2,940 low | high Med: 3,152 $ / sqft: $264 low | high Med: $323 On site: 179 low | high Med: 160 | |
