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$3,695,000
8 Beds 21 Baths 26835873 MLS
Global Platinum Properties is proud to present a compelling 21 Unit mixed-use value-add opportunity in the heart of Vermont Square, one of South Los Angeles' most active and supply-constrained submarkets. Located at 5161 S Vermont Avenue, this corner, double-lot property offers investors a rare combination of strong in-place income, meaningful rental upside, redevelopment optionality, and abundant on-site parking. The asset consists of two buildings totaling 18,906 square feet of improvements, situated on a 17,280-square-foot C2-zoned lot, comprising three distinct parcels. The property features seven street-front retail units on the ground level and 14 apartment units on the second floor, providing diversified income across both residential and commercial tenants. Currently operating at a 5.95% cap rate, the property offers a clear path to an estimated 32% increase in rental income, driving returns to an 8.37% projected cap rate through hands-on management, rent optimization, and strategic improvements. Approximate 32% rental upside through rent growth and operational efficiencies.

5151 S Vermont Avenue, Los Angeles

Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..

$799,000
6 Beds 3 Baths 26832565 MLS
537 West 54th Street is a 3-unit apartment complex located just west of Figueroa and north of Slauson Avenue. It consists of 2 buildings totaling 2,128 square feet. The duplex in front has (2) 2 bedroom-2-bathroom apartments and the rear house is a 2-bedroom 1 bath. The current income is $1,274 for one of the front 2-bedroom units and the other is rented at $2,100. The house is currently leased at $1,352 per month. The annual projected income is $56,712; however, one of the front 2-bedrooms may become available soon, which would help to increase the annual income substantially. No guarantee on that. Another huge benefit is that this property is separately metered for ALL utilities. Yes, no water, gas or electric bills. The structures were built in 1923 of wood-frame stucco construction, and they are situated on a 5,462 square foot lot, which is zoned LAR2. Great opportunity for a first-time investor or owner occupant. Call or email for more details.

535 W 54th St, Los Angeles

Courtesy of McAlpin & Company, Jerome McAlpin - CA DRE#00939725

$799,000
6 Beds 3 Baths 26832565 MLS
537 West 54th Street is a 3-unit apartment complex located just west of Figueroa and north of Slauson Avenue. It consists of 2 buildings totaling 2,128 square feet. The duplex in front has (2) 2 bedroom-2-bathroom apartments and the rear house is a 2-bedroom 1 bath. The current income is $1,274 for one of the front 2-bedroom units and the other is rented at $2,100. The house is currently leased at $1,352 per month. The annual projected income is $56,712; however, one of the front 2-bedrooms may become available soon, which would help to increase the annual income substantially. No guarantee on that. Another huge benefit is that this property is separately metered for ALL utilities. Yes, no water, gas or electric bills. The structures were built in 1923 of wood-frame stucco construction, and they are situated on a 5,462 square foot lot, which is zoned LAR2. Great opportunity for a first-time investor or owner occupant. Call or email for more details.

535 W 54th Street, Los Angeles

Listing courtesy of Listing Agent: Jerome McAlpin (jerome@mcalpinco.com) from Listing Office: McAlpin & Company.

$3,695,000
26833837 MLS
Global Platinum Properties is proud to present a compelling 21 Unit mixed-use value-add opportunity in the heart of Vermont Square, one of South Los Angeles' most active and supply-constrained submarkets. Located at 5161 S Vermont Avenue, this corner, double-lot property offers investors a rare combination of strong in-place income, meaningful rental upside, redevelopment optionality, and abundant on-site parking. The asset consists of two buildings totaling 18,906 square feet of improvements, situated on a 17,280-square-foot C2-zoned lot, comprising three distinct parcels. The property features seven street-front retail units on the ground level and 14 apartment units on the second floor, providing diversified income across both residential and commercial tenants. Currently operating at a 5.95% cap rate, the property offers a clear path to an estimated 32% increase in rental income, driving returns to an 8.37% projected cap rate through hands-on management, rent optimization, and strategic improvements. Approximate 32% rental upside through rent growth and operational efficiencies.

5151 S Vermont Avenue, Los Angeles

Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..

$600,000
3 Beds 2 Baths 26831263 MLS
Beautiful Craftsman-style 3 bedroom, 2 bathroom home located in the desirable Southeast Los Angeles area. This property is in great condition and priced for a quick sale. Featuring approximately 1,540 sq. ft. of living space on a 4,880 sq. ft. lot, this home offers larger interior square footage than many properties in the surrounding area. The spacious front porch and solid privacy wall surrounding the front yard provide both charm, security, and privacy.This home has great bones and incredible potential for a buyer looking to create another stunning classic Los Angeles residence. Conveniently located near the 110 Freeway with close proximity to University of Southern California, Downtown Los Angeles, shopping, dining, and many of the amenities South Los Angeles has to offer. *we used Ai on hallway photo laundry space to remove laundry and some personal items. PROPERTY WILL BE DELIVERED WITH TENANTS. Only submit offer if you are okay with buying with tenant

1140 W 51st Pl, Los Angeles

Courtesy of View Park Realty Group, Kenneth Taitt - CA DRE#01361153

$600,000
3 Beds 2 Baths 26831263 MLS
Beautiful Craftsman-style 3 bedroom, 2 bathroom home located in the desirable Southeast Los Angeles area. This property is in great condition and priced for a quick sale. Featuring approximately 1,540 sq. ft. of living space on a 4,880 sq. ft. lot, this home offers larger interior square footage than many properties in the surrounding area. The spacious front porch and solid privacy wall surrounding the front yard provide both charm, security, and privacy.This home has great bones and incredible potential for a buyer looking to create another stunning classic Los Angeles residence. Conveniently located near the 110 Freeway with close proximity to University of Southern California, Downtown Los Angeles, shopping, dining, and many of the amenities South Los Angeles has to offer. *we used Ai on hallway photo laundry space to remove laundry and some personal items. PROPERTY WILL BE DELIVERED WITH TENANTS. Only submit offer if you are okay with buying with tenant

1140 W 51st Place, Los Angeles

Listing courtesy of Listing Agent: Kenneth Taitt (Kenneth@TaittREG.com) from Listing Office: View Park Realty Group.

$1,300,000
CV26097651 MLS
PROPERTY BACK ON THE MARKET FOR THE FIRST TIME IN OVER 20 YEARS! THIS IS A WELL-MAINTAINED TWO-STORY TRIPLEX THAT HAS ONE 3BED /2BATH UNIT ON THE SECOND FLOOR AND TWO 2BED/1BATH UNITS ON THE FIRST FLOOR. ALL THREE UNITS HAVE RECENTLY UPDATED KITCHENS, RECENTLY UPDATED PLUMBING THROUGHOUT (INCLUDING NEW WATER HEATERS FOR ALL UNITS) AND A ROOF THAT WAS ALSO RECENTLY REPLACED. PROPERTY ALSO HAS A 6-CAR PARKING LOT IN THE BACK AREA ACCESSIBLE BY A GATED ENTRYWAY IN THE FRONT OF THE PROPERTY. THERE IS ALSO A COVERED AREA WITH WASHER/DRYER HOOKUP. IT IS TWO BLOCKS FROM THE COLISEUM AND BMO STADIUM; IT IS ALSO IN CLOSE PROXIMITY TO THE 110 FWY AND USC. THIS IS A GREAT OPPORTUNITY FOR A POTENTIAL INVESTOR LOOKING TO EXPAND THEIR INCOME-PRODUCING PORTFOLIO!

705 W 41ST Drive, Los Angeles

Listing courtesy of Listing Agent: Alex Rodriguez (alexrodriguez077@hotmail.com) from Listing Office: John Alexander Rodriguez Pacho.

$775,000
MB26097943 MLS
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.

348 W Vernon Avenue, Los Angeles

Listing courtesy of Listing Agent: Anabella Jimenez (AnaSellmeAHome@gmail.com) from Listing Office: CENTURY 21 REALTY MASTERS.

$775,000
MB26094726 MLS
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.

348 W Vernon Avenue, Los Angeles

Listing courtesy of Listing Agent: Anabella Jimenez (AnaSellmeAHome@gmail.com) from Listing Office: CENTURY 21 REALTY MASTERS.

$999,000
7 Beds 6 Baths DW26089959 MLS
Welcome to 1225 W 41st St, a beautifully remodeled multi-unit property in the heart of Los Angeles offering both strong income potential and modern living. This well-maintained duplex features a spacious bottom unit with 5 bedrooms and 4 bathrooms, thoughtfully updated with contemporary finishes, and a bright top unit offering 2 bedrooms and 2 bathrooms, also fully remodeled. Both units have been upgraded to meet today’s standards, including refreshed interiors, updated kitchens and baths, and comfortable living spaces designed for convenience and style. The property is currently rented at market rates, providing immediate and reliable rental income for investors or an excellent opportunity for an owner-occupant seeking supplemental income. Situated in a central Los Angeles location with easy access to major freeways, schools, shopping, and local amenities, this property combines functionality, location, and long-term value. Whether you're expanding your portfolio or looking for a versatile living arrangement, this is a rare opportunity you won’t want to miss. Please do not disturb the tenant's.

1225 W 41st Unit 1227, Los Angeles

Listing courtesy of Listing Agent: Ixbalanque Garcia (ixgrealtor@gmail.com) from Listing Office: Won Suk Kim Real Estate, Inc..

$1,600,000
10 Beds 5 Baths 26726743 MLS
Excellent income-producing opportunity in prime Los Angeles location! This triplex features a versatile unit mix, including a large front unit with 6 total bedrooms and 3 bathrooms across two levels, plus a newer (2005) rear unit offering 4 bedrooms and 2 bathrooms. The property also features a large on-site parking area with space for up to 8 vehicles, a rare and valuable amenity in this area that adds significant convenience for tenants and enhances rental appeal. Prime location near BMO Stadium and University of Southern California, with easy access to Los Angeles Memorial Coliseum and Natural History Museum of Los Angeles County. Ideal for investors seeking a centrally located income property.

602 W 40th Pl, Los Angeles

Courtesy of Keller Williams Realty A.V., Julio Villatoro - CA DRE#02015957

$1,600,000
10 Beds 5 Baths 26726743 MLS
Excellent income-producing opportunity in prime Los Angeles location! This triplex features a versatile unit mix, including a large front unit with 6 total bedrooms and 3 bathrooms across two levels, plus a newer (2005) rear unit offering 4 bedrooms and 2 bathrooms. The property also features a large on-site parking area with space for up to 8 vehicles, a rare and valuable amenity in this area that adds significant convenience for tenants and enhances rental appeal. Prime location near BMO Stadium and University of Southern California, with easy access to Los Angeles Memorial Coliseum and Natural History Museum of Los Angeles County. Ideal for investors seeking a centrally located income property.

602 W 40th Place, Los Angeles

Listing courtesy of Listing Agent: Julio Villatoro (jvdreams@yahoo.com) from Listing Office: Keller Williams Realty A.V..

$1,200,000
SR26082071 MLS
Great investment opportunity for sale in Los Angeles! Triplex with 2,854 sqft. The front unit has three bedrooms, a living room, dinning room, and kitchen complete remodeled. The second unit has two bedrooms and a full bathroom upstairs, this is the only occupied unit. On the main floor, there is a living room, a dining room, a full kitchen, and a powder room. The third unit has two bedrooms, a full bathroom, a dining and living room, and a full kitchen. The front unit( 3bedrooms & 2 bathrooms) and the back unit( 2bedrooms & 1 1/2 bathrooms) is vacant. The units complete remodeled. The complex has five uncovered parking spaces in the rear and one additional attached parking space. Each unit has a separate electrical meter, gas connection and tankless water heaters. This property was originally a single family residence, the owner converted it with permits into a triplex in 2007.

1257 W Vernon, Los Angeles

Listing courtesy of Listing Agent: Luis Moran (L.27rm@yahoo.com) from Listing Office: Global Premier Properties, Inc..

$829,000
DW26081633 MLS
DELIVERED VACANT- OWNER-USER OR INVESTOR CAN SET MARKET RENTS FROM DAY ONE. SELLERS SAYS LET'S GET IT SOLD! Exceptional opportunity to own a well-maintained duplex in a prime Central Los Angeles location. Situated at 736 W 41st Place, this versatile property offers approximately 2,369 square feet of living space and is currently being used as a 4-unit property, providing added flexibility and strong income potential. The property is configured with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, making it ideal for both investors and owner-users. The current 4-unit use offers multiple income streams and the flexibility for multi-generational living or an owner-occupant to live in one unit while renting out the others. Located in a rapidly developing area, the property is within close proximity to BMO Stadium, the Los Angeles Memorial Coliseum, the University of Southern California (USC), the California Science Center, and the upcoming Lucas Museum of Narrative Art. Convenient access to the 110, 10, and 105 freeways provides easy connectivity throughout Los Angeles. Excellent opportunity to acquire a flexible, income-producing property in a high-demand rental market with continued growth and development.

736 W 41st Place, Los Angeles

Listing courtesy of Listing Agent: Edwin Blanco (edsellshomesc21@edwinblanco.com) from Listing Office: Century 21 Realty Masters.

$888,999
DW26047396 MLS
Introducing an exceptional real estate opportunity in Los Angeles, TWO HOUSES on a lot totaling 8 bedrooms & 3 bathrooms! Perfect for homeowners and investors alike, the front house is a beautifully renovated 5 bedroom front house with a charming income generating 3 bedroom back house. Separately metered for water, gas & electric! The Spanish style front house features up to five bedrooms, two renovated bathrooms, plenty of natural light, and a newly renovated kitchen with stylish cabinets, stainless steel sink & fixtures, and quartz countertops. Additional upgrades include new flooring, exterior paint, and interior paint. The hallway bathroom has been completely remodeled with stylish new tile, vanity, and fixtures while the full bath has been renovated with new tile flooring, vanity, fixtures and lighting. A flexible optional 5th bedroom can also serve as a living room, office, or multipurpose space. The home also includes a ~130 SF basement, not included in the total SF. The back house features three bedrooms with one full bath and its own washer & dryer hookup. It features newer flooring and exterior paint, and a NEW roof with its own separately gated parking. Updated landscaping throughout including a mature avocado tree and decorative gravel. This beautiful property is well suited for for a homeowner to live in one and rent the other, house hack, or maximize returns with dual rental income. This property is well suited for multigenerational living, or to rent out in this centrally located area! Ideally situated just minutes from some of the city’s most iconic destinations, the LA Coliseum, BMO Stadium, Exposition Park, USC, the California Science Center & close proximity to major highways and public transportation.

134 W 49th, Los Angeles

Listing courtesy of Listing Agent: Jennifer Jung (jennifer.jung@gmail.com) from Listing Office: Action Realty & Investments, Inc.

$265,000
1 Beds 1 Baths OC26075227 MLS
Hi, I’m Unit #202 at 4125 S Figueroa but you can call me Walky. Tired of losing hours every day stuck in DTLA traffic, burning money on tolls, gas, and parking? I get it. I’m a clean, 1-bedroom, 1-bathroom condo in the historic Figueroa Arms. My location does all the heavy lifting: I’m just steps from USC, the LA Memorial Coliseum, Exposition Park, and BMO Stadium. Hop on the Expo Line or jump on the 110 and you’re in Downtown LA in 15–20 minutes most days. Inside, I offer hardwood floors, classic charm, and everything you need without the fluff. My building keeps you secure with gated parking, a courtyard, gym, laundry, and nighttime security. HOA covers gas, water, trash, and maintenance so life stays simple. Best part? I’m priced at just fraction of what similar places closer to DTLA cost. That means your monthly mortgage + HOA can easily match or beat what you’re already spending on commuting. You’ll finally get your time and peace back while keeping equity. With the 2028 LA Olympics coming to my historic USC neighborhood, I’m only going to get more exciting. So if you’re done renting your life away in traffic, come meet me. I’m Walky and I’m ready to give you a better lifestyle at a smarter price. BTW the HOA asessement is paid in full 26K means $252 less than other units in HOA fees

4125 S Figueroa Unit 202, Los Angeles

Listing courtesy of Listing Agent: Zied Bejaui (connect@zencresthomes.com) from Listing Office: ZENCREST HOMES.

$839,000
WS26075352 MLS
**INVEST IN YOUR FUTURE: END THE CYCLE OF PAYING RENT** Instead of watching your financial assets diminish due to inflation, consider acquiring a significant 1,925 sq ft investment property in the heart of Los Angeles. We present to you 323 W 47th Place, an extraordinary duplex offering an exceptional opportunity for "House Hacking" and serving as a strategic defense against rising rental costs. This property is ideally situated mere minutes from USC, Exposition Park, Banc of California Stadium, LA Memorial Coliseum, and the Natural History Museum, with quick access to DTLA, the 110 & 10 freeways, Metro lines, and LA Live, making it a valuable asset for wealth generation. **PROPERTY OVERVIEW**: This duplex comprises two expansive units, each with 3 bedrooms and 1 bathroom. **ADDITIONAL FEATURES**: The property includes detached parking spaces located at the rear, accessible via an alleyway. Properties of this caliber, particularly large duplexes with move-in-ready units, are in high demand and are often acquired quickly by prospective buyers. This unique opportunity offers a rare second chance to secure a prime asset before the market fully recognizes its value. Large duplexes with move-in-ready units in this high-demand corridor vanish fast. This hidden gem gives YOU a rare "second chance" before the market realizes its true potential. Act now!

323 W 47th, Los Angeles

Listing courtesy of Listing Agent: JUAN MORALES (goldhouse233@gmail.com) from Listing Office: Realty One Group Homelink.

$950,000
5 Beds 1 Baths CV26071048 MLS
Welcome to Vermont Square Park! This Craftsman Style Single Family Home comes with lots of potential. Featuring 5 bedrooms, 2 baths. Open floorplan with 2 bedrooms downstairs & 3 upstairs. Large fireplace located in living room. Spacious front porch has room for your outside furniture plus a relaxing hammock to enjoy the breeze of our beautiful LA city. Exterior paint, Front gate & driveway is fairly new with lots of room to park. Included is a detached structure in the back yard that can be used as another living or possible ADU. Property has lots of fruit trees: Lemons, Plums, Corn, Tomatoes, Oranges, Mangos, Apples, 2 Avocado Trees & much more. Conveniently located in the heart of LA. Minutes away from shopping centers, Metro Lines, The LA Coliseum, USC, Museums, Downtown LA, International Airport, Freeways...You name it! Be minutes away to walk & enjoy watching the World Cup Series this summer! Solar Power System with 12 Panels in home and a Water Softener System included. Buyer to verify all permits. This home is perfect for a large family, investors or developers! Come take a look!

1046 W 49th, Los Angeles

Listing courtesy of Listing Agent: Jennifer Serrano (serrjen75@yahoo.com) from Listing Office: DYNASTY REAL ESTATE.

$279,000
1 Beds 1 Baths PW26069247 MLS
Welcome to this beautifully updated 1-bedroom, 1-bathroom condo located in the iconic Figueroa Arms, a historic Southern California landmark that seamlessly blends timeless character with modern upgrades. Situated on the second floor, this bright and inviting unit offers an ideal combination of comfort, style, and convenience. The remodeled kitchen is a standout feature, showcasing crisp white cabinetry, quartz countertops, a custom designer backsplash, and stainless steel appliances, including a gas cooktop and oven—perfect for both everyday living and entertaining. Additional interior highlights include hardwood flooring, elegant French doors, abundant natural light, and tranquil courtyard views. The bedroom offers generous storage with built-in closet space, providing both functionality and organization. Residents of Figueroa Arms enjoy a variety of amenities, including a lushly landscaped central courtyard, fitness center, on-site laundry facilities, dog run, and picnic area. HOA cover security, water,sewer,gas, trash, and exterior maintenance. Gated parking is available for rent. Ideally located less than one mile from USC and eligible for the USC Neighborhood Homeownership Program, this property presents a fantastic opportunity for both owner-occupants and investors. Convenient access to the 110 Freeway, Crypto.com Arena, Exposition Park, BMO Stadium, the Expo Line, and Metro stations makes commuting and enjoying all that Downtown LA has to offer effortless. Don’t miss this rare opportunity to own a piece of DTLA history with modern appeal.

4125 Figueroa Street S Unit 218, Los Angeles

Listing courtesy of Listing Agent: Amanda Aviles (Amandaavilessocal@gmail.com) from Listing Office: Keller Williams Realty.

$1,249,000
7 Beds 5 Baths 26670219 MLS
Authentic Los Angeles Victorian-style duplex with recently refurbished interiors, spacious living areas, and cavernous bedrooms. Both the downstairs and upstairs units feature multiple bedrooms, along with a quaint outdoor area that can be used for overflow parking or as a community patio. The detached garage has excellent potential and can be easily converted into an ADU. The property currently generates a strong cash flow of $6,750/month between the two units. The roof is only 1.5 years old, and all windows are 7-year-old double-pane units with a lifetime warranty from American Vision Windows. Both units have been fully remodeled, with the most recent renovations completed just 4 years ago.

4051 S Normandie Ave, Los Angeles

Courtesy of Douglas Elliman, Ernie Stone - CA DRE#02050169

$1,249,000
7 Beds 5 Baths 26670219 MLS
Authentic Los Angeles Victorian-style duplex with recently refurbished interiors, spacious living areas, and cavernous bedrooms. Both the downstairs and upstairs units feature multiple bedrooms, along with a quaint outdoor area that can be used for overflow parking or as a community patio. The detached garage has excellent potential and can be easily converted into an ADU. The property currently generates a strong cash flow of $6,750/month between the two units. The roof is only 1.5 years old, and all windows are 7-year-old double-pane units with a lifetime warranty from American Vision Windows. Both units have been fully remodeled, with the most recent renovations completed just 4 years ago.

4051 S Normandie Avenue, Los Angeles

Listing courtesy of Listing Agent: Ernie Stone (erniestonemalibu@gmail.com) from Listing Office: Pinnacle Estate Properties.

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Based on information from CRISNet MLS as of 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. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.