1374 E Vernon, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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1374 E Vernon
Los Angeles, California 90011
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,112Sq Ft
4,787Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$788,377
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a turnkey duplex listed at $750,000, positioned well below the $788,378 Fair Market Value by 4%. This valuation gap provides $38,378 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property offers immediate cash flow with updated interiors and significant long-term upside through potential ADU development. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income in a high-demand Los Angeles market.
Estimated Market Value
$788,377+$38,377 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1374 E Vernon Subject | $750,000* List Price | 0 | 0 | 2,112 | $373 | - |
A 1407 E 50th Street Sold | $734,000 | 0 | 0 | 2,141 | $343 | 0.4 mi |
B 1634 E Vernon Sold | $710,000 | 0 | 0 | 2,379 | $298 | 0.3 mi |
C 1629 E Vernon Sold | $899,000 | 0 | 0 | 2,274 | $395 | 0.3 mi |
D 1426 E 50th Sold | $725,000 | 0 | 0 | 1,850 | $392 | 0.4 mi |
E 5325 Latham Sold | $760,000 | 5 | 3 | 1,800 | $422 | 0.7 mi |
F 1266 E E 50th Street Active | $925,000 List Price | 6 | 3 | 2,156 | $429 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1920, the property has undergone a mid-range renovation likely within the last 5-15 years. The kitchen features updated white shaker cabinets, quartz-style countertops, and modern stainless steel appliances. Living areas include updated laminate flooring and recessed lighting. While some elements like the wall heaters and bedroom carpeting are dated, the units are functional, well-maintained, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Income Potential
This move-in-ready duplex is fully occupied by reliable tenants, providing immediate cash flow and a turnkey opportunity for investors from day one.
- Future Development Upside
The property offers significant long-term value through potential ADU additions or lot improvements, subject to city verification, enhancing its investment profile.
- Strategic Rental Location
Situated in a high-demand area near major freeways and public transportation, the property is well-positioned to maintain low vacancy rates and lasting tenant demand.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1920, the century-old structure may require more frequent maintenance and capital expenditures for system updates compared to modern builds.
- Local School Ratings
The surrounding public schools have relatively low performance ratings, which may limit the property's appeal to families prioritizing high-quality educational districts.
About 1374 E Vernon
Attention investors! Don't miss this exceptional income opportunity in Los Angeles. This move-in-ready duplex is a turnkey addition to your portfolio, offering strong cash flow in a market with high housing demand. Both units are in great condition and occupied by great tenants, giving you immediate, reliable rental income from day one. With two separate units, this property offers flexibility to owner-occupy one side while renting the other, or simply sit back and collect income from both. The lot also offers potential for an ADU or additional improvements down the road, subject to buyer verification with the City of Los Angeles, adding long-term upside to an already performing asset. Conveniently located near schools major freeways, public transportation, shopping, and more, this property is well positioned for lasting tenant demand. The surrounding area continues to experience ongoing investment and redevelopment, making this an attractive long-term hold. Don't miss out on this opportunity.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1920
- Lot Size
- 4,787 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Ascot Avenue Elementary School
Grades K-5 • 0.1 mi
4/10
Sally Ride Elementary: A Smart Academy
Grades K-5 • 0.4 mi
3/10
Hooper Avenue Elementary School
Grades 1-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,112 | 2,187.451 |
| Lot Size | 4,787 | 5,841.385 |
| Price | $750.0K | $841.5K |
| Price per sq ft | $355 | $385 |
| Built year | 1920 | 1928 |
| HOA | $0 | $0 |
| Days on market | 21 | 85 |
Pricing History
Listed for Sale
Aug 19, 2026
$750,000
Initial Listing
Sold
Apr 6, 2000
$138,500
Public Record
Sold
Feb 4, 2000
$82,500
Public Record
Sold
Sep 30, 1998
$129,000
Public Record
Sold
Feb 6, 1998
$68,000
Public Record