1362 E Vernon, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Value-Add Multi-Family Asset is listed at $799,000, representing a stable entry point near its $787,878 Fair Market Value. The property features a Triplex Unit Mix consisting of one 2-bedroom and two 1-bedroom units, currently generating Immediate Cash Flow from existing tenants. With a Condition Rating of 5, the 1913-built structure requires a Full Rehab to modernize systems and maximize rental yields. Located near Vernon City Elementary, this property offers long-term stability for Buy-and-Hold Investors or Value-Add Specialists looking to capitalize on the high-demand Los Angeles rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1362 E Vernon Subject | $799,000* List Price | 0 | 0 | 1,150 | $685 | - |
A 1626 1628 E 32nd Active | $750,000 List Price | 0 | 0 | 1,132 | $663 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, the property shows significant deferred maintenance on the exterior, including worn fascia and aging stucco. While the kitchen has received a low-budget refresh in the past, it remains dated and cramped. Given the age and 'upside potential' description, the systems are likely outdated and the property requires a full rehab to meet modern safety and functional standards.
As a fully tenant-occupied triplex, this property offers investors immediate rental income and stability from the day of acquisition.
The combination of a spacious 2-bedroom front unit and two 1-bedroom units provides a balanced portfolio that appeals to various tenant demographics in a high-demand market.
Situated in a prime Los Angeles area with easy access to transportation and local amenities, the property is well-positioned for long-term appreciation and rental growth.
Built in 1913, the property may require substantial ongoing maintenance or costly upgrades to aging structural and mechanical systems.
With only 1,150 total square feet shared across three units, the living spaces are exceptionally compact, which could limit the ability to achieve premium market rents.
Excellent investment opportunity in Los Angeles! This tenant-occupied, income-producing triplex offers strong rental potential and immediate cash flow. The property features a desirable unit mix, including a spacious front unit with 2 bedrooms and 1 bathroom, plus two additional units each offering 1 bedroom and 1 bathroom. All units are currently occupied, providing stable, ongoing income for investors. The layout is ideal for both seasoned investors and those looking to enter the multi-family market. Situated in a prime Los Angeles location, the property offers convenient access to local amenities, transportation, shopping, and dining. Don’t miss this chance to own a well-performing multi-unit property with upside potential in a high-demand rental market!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades 1-5 • 0.6 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 | 1,150 | 2,177 | 6% |
| Lot Size | 4,791 | 5,261 | 19% |
| Price | $799.0K | $772.5K | 53% |
| Price per sq ft | $695 | $351 | 94% |
| Built year | 1913 | 1922 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 207 | 3% |
Apr 7, 2026
$799,000
Initial Listing
Apr 21, 2025
$535,000
Public Record