Listing provided courtesy of Darin Spillman of Kidder Mathews of California, Inc.. Last updated 2026-06-20 08:11:18.000000. Listing information © 2026 CRMLS.
Asking Price: $699,000
186 Vernon, Los Angeles CA 90011
Community: C42 - Downtown L.A.
Status: Active
This property was built in 1921 and is priced at $699,000. Please see the additional details below.
Stable, fully occupied three-unit income property located close to USC and Downtown L.A. The property consists of three residential units across two separate buildings on a large 6,921-square-foot lot zoned C2-1VL with future development potential. The unit mix includes two 1-bedroom/1-bath units (one of them Section 8) and one unit 3-bedroom/1 bath, providing strong rental income. The South Los Angeles market continues to benefit from proximity to Downtown LA, USC, Exposition Park, and major transit infrastructure. Adjacent to the signalized corner of San Pedro Place and Vernon Avenue, with the future potential of a broad range of commercial uses by-right and TOC Tier 2 Designation, offering a significant density bonus potential for qualified affordable housing projects.
