1126 W Vernon Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$815,000
1126 W Vernon Avenue, Los Angeles, California 90037
0Bed
0Bath
2,396Sqft
7,146Lot
Year Built
1907
Close
-
List price
$815K
Original List price
$850K
Price/Sqft
$340
HOA
-
Days on market
-
Sold On
-
MLS number
PW25091452
Home ConditionExcellent
Features
Good View:
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About this home
We found 3 Cons,5 Pros. Rank: price - $815.0K(35th), sqft - 2396(43th), beds - undefined(50th), baths - undefined(50th).
Improved Pricing!! Generating excellent income and offering R4-zoning, this beautifully updated duplex features two units: a spacious 3BR-Bathroom plus den, and a 2-bedroom, 1-bathroom unit. Highlights include new kitchens with updated countertops, new flooring throughout, fresh interior and exterior paint, and modern appliances including refrigerators, stoves, and in-unit washer and dryer in one of the units. Secure, automated gated parking accommodates up to five vehicles. Ideally located just minutes from USC, Downtown Los Angeles, KIPP Academy, major freeways, and shopping centers. The property is in excellent condition and is generating phenomenal income for an investor.
Nearby schools
3/10
Normandie Avenue Elementary School
Public,•K-5•0.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.2mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.4mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.4mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.9mi
2/10
Western Avenue Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.4mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.5mi
3/10
Trinity Street Elementary School
Public,•K-5•1.6mi
/10
Maple Primary Center
Public,•K-1•1.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.6mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.8mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.0mi
2/10
Audubon Middle School
Public,•6-8•2.0mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
3/10
Manual Arts Senior High School
Public,•9-12•0.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.5mi
5/10
Santee Education Complex
Public,•9-12•2.6mi
Price History
Date
Event
Price
06/13/19
Sold
$729,000
01/07/19
Sold
$560,000
12/04/02
Sold
$249,000
Condition Rating
Excellent
Despite being built in 1907, the property has undergone a comprehensive and recent renovation. The description highlights 'new kitchens with updated countertops,' 'new flooring throughout,' 'fresh interior and exterior paint,' and 'modern appliances.' The images confirm these updates, showcasing contemporary white shaker cabinets, stainless steel appliances, recessed lighting in the kitchens, and modern vanities with tiled showers in the bathrooms. The overall aesthetic is clean, modern, and move-in ready, aligning with the 'excellent' condition criteria for extensively renovated properties.
Pros & Cons
Pros
Strong Income Generation: The property is explicitly stated to be 'generating excellent income' and 'phenomenal income for an investor,' highlighting its immediate financial viability.
R4 Zoning Potential: The R4 zoning offers significant future development potential, allowing for higher density and increasing the long-term value and flexibility of the asset.
Extensive Modern Updates: Recently updated with new kitchens, countertops, flooring, fresh paint, and modern appliances, reducing immediate capital expenditure for a new owner.
Secure Gated Parking: The secure, automated gated parking accommodating up to five vehicles is a premium amenity in Los Angeles, enhancing tenant appeal and property value.
Prime Location & Accessibility: Strategically located minutes from USC, Downtown Los Angeles, major freeways, and shopping centers, ensuring high rental demand and convenience for tenants.
Cons
Age of Structure: Built in 1907, despite cosmetic updates, the underlying infrastructure (e.g., plumbing, electrical, foundation) may still be original or require significant future maintenance.
Lack of Specified Cooling System: The description does not mention air conditioning or a cooling system, which could be a significant drawback for tenant comfort and marketability in Los Angeles' warm climate.
Recent Price Reduction: While marketed as 'Improved Pricing,' the recent reduction from $850,000 to $815,000 could suggest the property was initially overpriced or has faced challenges attracting offers, potentially raising buyer questions about its market appeal.