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348 W Vernon Ave, Los Angeles, CA, 90037

3beds
4baths
2,940sqft
$775,000
$264price/sqft
$5,618/moest. monthly cost
$224,720/yrincome needed

About This Home

Prime mixed-use investment opportunity located at 348 W Vernon Ave, Los Angeles. 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.

Getting Around

86
WalkingVery Walkable
64
TransitGood Transit
82
BikeVery Bikeable

Construction

Condition

  • Year built: 1911

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4

Features

  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total structure area: 2,940
  • Total interior livable area: 2,940 sqft

Property

Details

  • Parcel number: 5110003004
  • Special condition: Trust

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Street
  • Pool features: None

Lot

  • Lot size: 5,004 sqft
  • Features: 2-5 Units/Acre