1257 W Vernon, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Turnkey Triplex is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,306,233 Fair Market Value by 8%. This valuation gap provides $106,233 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the property features completely remodeled units with quartz countertops, contemporary cabinetry, and separate utility meters. With two vacant units and six parking spaces near USC, it offers immediate cash flow or a high-quality residence. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
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 | 0 | 0 | 2,854 | $458 | - |
A 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.5 mi |
B 919 919 1/2 W 49th Sold | $980,000 | 0 | 0 | 1,812 | $541 | 0.5 mi |
C 528 W 43rd Street Sold | $965,000 | 0 | 0 | 2,000 | $483 | 0.8 mi |
D 1257 W Vernon Active | $1,200,000 List Price | 7 | 5 | 2,854 | $420 | 0.0 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, featuring modern marble-look tile and laminate flooring, updated cabinetry in a contemporary blue finish, and quartz countertops. The units include updated fixtures, fresh paint, and upgraded systems such as tankless water heaters and separate utility meters, showing no signs of deferred maintenance.
The property features completely remodeled units with modern kitchens and updated interiors, significantly reducing immediate capital expenditure for the buyer.
With two of the three units currently vacant, including the large three-bedroom front unit, an investor can immediately secure tenants at current market rates or occupy a unit as an owner-user.
Each unit is equipped with its own electrical meter, gas connection, and tankless water heater, simplifying property management and shifting utility costs to the tenants.
The majority of the assigned public schools in the immediate vicinity have low ratings (1-3), which may affect the long-term desirability for families with school-aged children.
One unit is currently occupied, which prevents the immediate realization of full market rent for the entire building and requires the buyer to assume an existing lease agreement.
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.
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 | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,854 | 2,012 | 74% |
| Lot Size | 5,501 | 5,461 | 58% |
| Price | $1.20M | $940.0K | 84% |
| Price per sq ft | $420 | $392 | 63% |
| Built year | 1958 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 242 | 5% |
Apr 16, 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