146 W Vernon, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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146 W Vernon
Los Angeles, California 90037
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,972Sq Ft
6,076Lot Size
Property Price
LIST PRICE$1,049,999
EST. MARKET VALUE
$1,006,173
4% AboveMARKET VALUE
SUMMARY
This 1914 Craftsman-style High-Potential Investment Opportunity is listed at a List Price of $1,050,000, positioned slightly above the $1,006,174 Fair Market Value. While requiring a comprehensive rehab due to its Fair Condition Rating, the property features a desirable 4-unit layout with in-unit washer/dryer hookups and a private deck. Its proximity to USC and Downtown Los Angeles ensures strong rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the vacant unit for immediate occupancy.
Estimated Market Value
$1,006,173
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 |
|---|---|---|---|---|---|---|
★ 146 W Vernon Subject 0 bd · 0 ba · 3,972 sqft · $253 | $1,049,999* List Price | 0 | 0 | 3,972 | $253 | - |
A 342 W 56th Sold 8 bd · 4 ba · 3,140 sqft · $301 · 0.9 mi | $945,000 | 8 | 4 | 3,140 | $301 | 0.9 mi |
B 458 W Vernon Active Under Contract 0 bd · 0 ba · 3,726 sqft · $213 · 0.4 mi | $795,000 List Price | 0 | 0 | 3,726 | $213 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1914, this property features kitchens and bathrooms that are significantly dated, likely exceeding 30 years since any major renovation. Interior photos show patched walls, surface-mounted electrical conduits, and worn flooring, indicating aging systems and a need for a comprehensive rehab rather than minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Investment Location
The property is ideally situated near USC and Downtown Los Angeles, ensuring high tenant demand and consistent occupancy in a central, transit-accessible hub.
- Owner-User Potential
With one unit delivered vacant, this quadruplex offers a rare opportunity for an owner-occupant to move in while utilizing rental income from the other three units to offset the mortgage.
- Functional Unit Layouts
All four units feature a desirable 2-bedroom, 1-bathroom configuration with the added convenience of in-unit washer and dryer hookups, a significant draw for modern renters.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1914 and sold in 'as-is' condition, the property may require substantial capital expenditure for repairs, seismic retrofitting, or system upgrades common in century-old structures.
- Rent Control Restrictions
With three units currently occupied, the property is subject to Los Angeles rent stabilization ordinances, which may limit the immediate ability to bring all units to current market-rate rents.
About 146 W Vernon
Charming Craftsman-style 4-unit property offering an excellent investment and owner-user opportunity in a highly desirable rental area. The property features four bright and spacious 2-bedroom, 1-bath units, each with washer and dryer hookups. Three units are currently tenant occupied, while one unit is completely vacant, providing an opportunity for an owner to move in or for an investor to establish new tenancy. Ideally situated near the University of Southern California (USC) and Downtown Los Angeles, with convenient access to the 110 Freeway and major streets including Slauson and Western Avenues. The property is also close to public transportation, schools, hospitals, shopping, and everyday amenities. A great opportunity to own a well-located multifamily property with both rental income and owner-user potential. Please do not disturb the tenants. Property to be sold as-is.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1914
- Lot Size
- 6,076 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 3,972 | 2,090.331 |
| Lot Size | 6,076 | 5,852.908 |
| Price | $1.05M | $830.9K |
| Price per sq ft | $264 | $394 |
| Built year | 1914 | 1928 |
| HOA | $0 | $0 |
| Days on market | 40 | 87 |
Pricing History
Listed for Sale
Sep 30, 2026
$1,049,999
Initial Listing
Sold
Sep 20, 2012
$490,004
Public Record
Sold
Mar 1, 2012
$290,000
Public Record
Sold
Mar 28, 2003
$275,000
Public Record
Sold
Apr 24, 1998
$186,000
Public Record
Sold
Apr 24, 1998
$300,000
Public Record