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.
For sale
Listing Provided by:
Anabella Jimenez DRE #01384351 323-304-5760,
Century 21 Realty Masters
$821,000
348 W Vernon Ave, Los Angeles, CA 90037
3beds
4baths
2,940sqft
Est.:
Quadruplex
Built in 1911
-- sqft lot
$715,300 Zestimate®
$279/sqft
$-- HOA
What's special
Excellent visibilitySignage potentialStreet-level commercial storefrontShared courtyardSecurity gatePrivate entrancesFully improved lot
- 1 day |
- 114 |
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Zillow last checked: 8 hours ago
Listing updated: 13 hours ago
Listing Provided by:
Anabella Jimenez DRE #01384351 323-304-5760,
Century 21 Realty Masters
Source: CRMLS,MLS#: DW25279413
Originating MLS: California Regional MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Appliances
- Laundry: None
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
Features
- Levels: Two
- Stories: 2
- Entry location: Street
- Pool features: None
Lot
- Size: 5,004 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 5110003004
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1911
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $279/sqft
- Tax assessed value: $284,138
- Annual tax amount: $3,952
- Date on market: 12/22/2025
- Cumulative days on market: 1 day
- Listing terms: Submit
Estimated market value
$715,300
$629,000 - $808,000
$2,659/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Listed for sale | $821,000$279/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,952 +2.1% | $284,138 +2% |
| 2024 | $3,870 +1.7% | $278,567 +2% |
| 2023 | $3,804 +4.5% | $273,106 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,027/mo
Principal & interest
$3946
Property taxes
$794
Home insurance
$287
Climate risks
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 7/10West Vernon Avenue Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10William Jefferson Clinton Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community HighGrades: 9-12Distance: 0.9 mi
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