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134 W Vernon Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

134 W Vernon Avenue, Los Angeles, California 90037 home-pic-0
ACTIVE$999,000
134 W Vernon Avenue, Los Angeles, California 90037
0Bed
0Bath
1Sqft
6,904Lot
Year Built
1912
Close
-
List price
$999K
Original List price
$1M
Price/Sqft
$999,000
HOA
-
Days on market
-
Sold On
-
MLS number
DW25194546
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(57th), sqft - 1(4th), beds - undefined(50th), baths - undefined(50th).

This is a great investment property for your client....... 4 ample units, one bedroom one bathroom each, centrally located in the city of Los Angeles, Near shopping, market, bus stop, freeway and much more. All units are currently occupied. Property sold "AS IS" In its present condition. This is an amazing opportunity for those investors who are looking to convert your investment into something bigger. The property has enough space to park approximately 7+ cars. Drive by only, Once you submit your offer we will arrange for an interior inspection. When submitting your offer please include, Pre-approval letter, fico score page, proof of funds. PLEASE DO NOT DISTURB TENANTS........ Send your complete offers and will make arrangements for showing.................

Price History

Date
Event
Price
10/14/25
Price Change
$999,000-0.1%
09/01/25
Listing
$1,000,050
Condition Rating
Poor
Built in 1912, this property is over 100 years old with no evidence of major renovations in the past 50 years. The images reveal extremely dated and worn conditions throughout, including peeling paint, exposed wiring, and heavily worn flooring. Both the kitchen and bathrooms feature very old cabinets, countertops, tiles, and fixtures, showing significant physical depreciation and deferred maintenance. While a newer range is present in the kitchen, it's an isolated update that doesn't elevate the overall poor condition. The 'AS IS' sale and the description's suggestion for investors to 'convert your investment into something bigger' further indicate the need for substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Income-Generating Asset: The property is a quadruplex with all four 1-bedroom, 1-bathroom units currently occupied, providing immediate rental income for investors.
Prime Los Angeles Location: Centrally located in Los Angeles, offering excellent proximity to shopping, markets, bus stops, and freeways, enhancing tenant desirability and potential for appreciation.
Value-Add Potential: Described as an 'amazing opportunity for investors looking to convert your investment into something bigger,' suggesting significant potential for renovation, expansion, or redevelopment.
Ample Parking: Features enough space to park approximately 7+ cars, a valuable amenity in a dense urban area like Los Angeles, benefiting both tenants and property value.
Multi-Unit Investment: As a quadruplex, it offers diversified income streams and is a highly sought-after asset type for real estate investors seeking stable returns.

Cons

Sold "AS IS" Condition: The property is explicitly sold 'AS IS' in its present condition, indicating that the seller will not make repairs and the buyer assumes all responsibility for potential maintenance or upgrade costs.
Limited Due Diligence Access: The 'drive by only' policy and strict instruction not to disturb tenants severely restrict pre-offer interior inspections, making it challenging for buyers to assess the true condition of the units and property.
Age of Property & Potential Deferred Maintenance: Built in 1912, the property is over a century old, which likely implies outdated systems (plumbing, electrical, HVAC) and potential for significant deferred maintenance or capital expenditures.

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