1257 W Vernon, Los Angeles, California 90037, Los Angeles, 90037 - 7 bed, 5 bath
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Los Angeles, California 90037
This Turnkey Triplex Opportunity is listed at $1,200,000, positioned near its $1,128,573 Fair Market Value to reflect extensive recent upgrades. Boasting a Condition Rating of 2, the property delivers two vacant, fully remodeled units featuring quartz countertops and luxury vinyl flooring, alongside a third income-generating unit. Located in the Los Angeles Unified School District near Menlo Avenue Elementary, the asset's proximity to USC and six parking spaces ensures high rental demand. This represents a Prime Investment Opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1257 W Vernon Subject | $1,200,000* List Price | 7 | 5 | 2,854 | $395 | - |
A 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.5 mi |
B 1027 W 46th Street Active | $875,000 List Price | 5 | 4 | 2,544 | $344 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, particularly in the front and second units which are delivered vacant. These units feature modern kitchen upgrades including white shaker cabinets, quartz countertops, and stainless steel appliances, along with fully updated bathrooms with contemporary tile work. The interior boasts new luxury vinyl plank flooring, recessed lighting, and fresh paint throughout. With separate electrical and gas meters and a 2007 legal conversion, the property meets the standards for a high-quality, move-in-ready investment with no deferred maintenance.
Two of the three units are delivered vacant and fully remodeled, allowing for immediate market-rate leasing or an ideal owner-user 'house-hack' opportunity without the need for upfront renovation capital.
Situated just 7 minutes from USC, Exposition Park, and BMO Stadium, the property is positioned in a high-demand rental pocket that appeals to students, faculty, and urban professionals.
The property offers an exceptional six parking spaces and features separate electrical and gas meters for each unit, significantly reducing owner-paid utility overhead and increasing tenant desirability.
Units 2 and 3 share a single water meter, which complicates utility billing and may result in higher non-reimbursable operating expenses for the landlord.
The third unit is currently tenant-occupied, which limits immediate rental upside for that portion of the property and requires the buyer to navigate existing lease terms and local rent regulations.
ATTENTION INVESTORS!!!—Excellent triplex opportunity in the heart of Vermont Square, Los Angeles. This income-producing property offers 2,854 square feet of living space on a 5,501 square foot lot and is conveniently located just 7 minutes from USC, Exposition Park, the Natural History Museum, BMO Stadium, schools, shopping, and dining. The property consists of three units: Front Unit (Delivered Vacant & Fully Remodeled): A spacious 3-bedroom, 2-bathroom home featuring a living room, dining room, and full kitchen. Second Unit – Townhome Style (Delivered Vacant & Fully Remodeled): Two levels with a living room, dining room, full kitchen, and half bathroom on the first floor, and 2 bedrooms with a full bathroom on the second floor. This unit includes a one-car attached garage. Third Unit: A 2-bedroom, 1-bathroom unit with a living room, dining area, and full kitchen—currently tenant occupied. The property offers excellent upside potential, with two vacant, remodeled units ready for immediate rental at current market rates, or ideal for an owner-user or house-hacker. Additional features include: Six total parking spaces (five uncovered rear spaces plus the attached garage. Separate electrical meters and gas connections for each unit. Separate water meter for Unit 1; Units 2 & 3 share one water meter. Originally a single-family residence, the property was legally converted into a triplex with permits in 2007.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-2 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 0.0 | 88% |
| Baths | 5.0 | 0.0 | 94% |
| Square foot | 2,854 | 1,984 | 75% |
| Lot Size | 5,501 | 5,483.5 | 50% |
| Price | $1.20M | $779.0K | 88% |
| Price per sq ft | $420 | $366 | 69% |
| Built year | 1958 | 1924 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 133 | 175 | 44% |
Jan 24, 2026
$1,200,000
Initial Listing
Mar 13, 2024
$925,000
Public Record
Dec 16, 1996
$132,000
Public Record
Apr 26, 1996
$63,000
Public Record