1362 E Vernon, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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This Income-Producing Triplex represents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $827,553 Fair Market Value by 3%. This valuation gap offers $28,553 in Instant Equity for an asset currently generating stable, tenant-led cash flow. While the Condition Rating of 4 and 1913 construction suggest long-term value-add potential through modernization, the property benefits from a strategic unit mix and proximity to Vernon City Elementary. This is a high-utility acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate ROI.
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 | $720 | - |
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 moderate renovation needed.
Built in 1913, this triplex is functional and currently tenant-occupied, indicating it is maintained well enough for occupancy. However, the extremely small total square footage (1,150 sqft for three units) and the lack of any mention of recent renovations suggest the property features outdated interiors, aged systems, and likely requires cosmetic or minor functional updates to reach modern standards.
As a fully tenant-occupied triplex, this property provides stable, ongoing income from day one, making it an ideal turn-key opportunity for income-focused investors.
The property features a desirable configuration of one 2-bedroom unit and two 1-bedroom units, offering versatility to attract different tenant profiles in a high-demand rental market.
Situated in a high-demand area of Los Angeles with close proximity to local amenities and transportation, the property is well-positioned for long-term appreciation and low vacancy rates.
The property was recently sold within the past year on 2025-04-21. The sold price is $535,000.00.
Built in 1913, the property may require substantial ongoing maintenance or capital expenditures to update aging structural, plumbing, and electrical systems.
With only 1,150 total square feet distributed across three units, the individual living spaces are exceptionally small, which may 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 | 1,974 | 9% |
| Lot Size | 4,791 | 5,288 | 21% |
| Price | $799.0K | $750.0K | 61% |
| Price per sq ft | $695 | $387 | 94% |
| Built year | 1913 | 1912 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 209 | 3% |
Apr 7, 2026
$799,000
Initial Listing
Apr 21, 2025
$535,000
Public Record