1496 W Vernon Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This duplex presents a Strong Value Opportunity with a List Price of $800,000—positioned above the $727,682 Fair Market Value by 9%. While the property requires capital investment due to its Condition Rating of 4 and 1927 construction, the Dual-Unit Income Potential provides a strategic path for revenue generation. The Ample On-Site Parking and central location near major freeways enhance its utility for tenants. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1496 W Vernon Avenue Subject | $800,000* List Price | 0 | 0 | 2,107 | $345 | - |
A 4284 La Salle Sold | $800,000 | 4 | 2 | 2,119 | $378 | 0.2 mi |
B 1802 W 49th Street Sold | $699,000 | 6 | 3 | 2,484 | $281 | 0.6 mi |
C 1802 W 49th Street Sold | $699,000 | 0 | 0 | 2,484 | $281 | 0.6 mi |
D 1424 W 49th Street Sold | $853,000 | 0 | 0 | 2,682 | $318 | 0.3 mi |
E 1826 W 46th St Active Under Contract | $669,999 List Price | 4 | 2 | 2,300 | $291 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this nearly century-old duplex is sold in 'As-Is' condition with no mention of recent renovations. While the exterior appears maintained and the layout is described as functional, the age suggests that kitchens, bathrooms, and major systems (HVAC/Electric) are likely dated and require updates to meet modern standards, fitting the >20-year criteria for dated properties.
This duplex configuration, featuring a large 4-bedroom front unit and a 2-bedroom rear unit, offers exceptional versatility for investors seeking high rental yields or owner-users looking to offset their mortgage.
Situated in the Vermont Square area with easy access to Downtown Los Angeles and major freeways, the property is ideally positioned for commuters and residents who value urban proximity.
Unlike many high-density Los Angeles properties, this lot provides generous on-site parking and a detached garage, a significant value-add for multi-unit residential living.
The property is being sold in its present as-is condition, which, combined with its 1927 construction date, suggests a likely need for immediate capital investment in repairs or modernization.
The surrounding public schools carry low ratings (ranging from 1 to 3), which may deter family-oriented tenants and potentially limit long-term appreciation compared to other neighborhoods.
Welcome to 1496 W Vernon Ave, an excellent investment opportunity in the heart of Los Angeles. This duplex features two spacious units for investors or owner-users. The front unit offers 4 bedrooms and 2 bathrooms with a functional layout and generous living space. The rear unit features 2 bedrooms and 1 bathroom located above the garage, offering added privacy and flexibility for rental income or extended family living. The property offers ample on-site parking and is conveniently located near schools, shopping, dining, public transportation, and major freeway access. Situated in the Vermont Square/South Los Angeles area, this property is centrally located with easy access to Downtown Los Angeles and surrounding areas. This property is being sold in its present AS-IS condition and will be delivered with both tenants in place at close of escrow.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-2 • 0.7 mi
Grades K-5 • 0.8 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 | 2,107 | 2,549 | 25% |
| Lot Size | 5,476 | 6,008 | 33% |
| Price | $800.0K | $862.5K | 33% |
| Price per sq ft | $380 | $329 | 71% |
| Built year | 1927 | 1924 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 201 | 4% |
May 14, 2026
$800,000
Initial Listing
Aug 30, 2024
$720,000
Public Record
Jan 26, 2017
$564,000
Public Record
Aug 29, 2013
$365,000
Public Record
Feb 21, 2012
$135,000
Public Record
Nov 10, 2010
$9,500
Public Record