1523 E Vernon Avenue, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 4 bath
Loading property details...
Los Angeles, California 90011
This Multi-Unit Conversion Asset represents a High-Potential Investment Opportunity with a List Price of $749,000, reflecting a stable valuation relative to its $746,596 Fair Market Value. Originally configured as four separate units, the property offers immense rental upside near USC and Downtown LA. Despite a Condition Rating of 4 requiring modernization, the asset is delivered vacant, allowing for immediate repositioning. This versatile property is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking high-yield potential in a central metropolitan hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1523 E Vernon Avenue Subject | $749,000* List Price | 4 | 4 | 2,314 | $323 | - |
A 1608 E Martin Luther King Jr Pending | $599,000 List Price | 4 | 2 | 1,546 | $387 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1911, the property has received basic cosmetic updates including laminate flooring, fresh interior paint, and budget-grade shaker cabinetry in the kitchens. However, it lacks appliances, features dated bathroom fixtures, and is marketed as a 'value-add' investment requiring significant configuration work to restore its multi-unit layout. The age of the structure and discrepancies in bedroom counts suggest a need for major system evaluations and modernization.
Originally configured as four separate 2-bedroom units, this property offers significant upside for investors to restore its multi-unit layout and maximize rental income.
The property's proximity to USC, Downtown LA, and the LA Convention Center ensures high demand and long-term desirability in a high-traffic metropolitan hub.
Being delivered vacant allows for an immediate start on renovations or repositioning, avoiding the complexities and costs often associated with tenant relocation in Los Angeles.
Built in 1911 and marketed as a value-add opportunity, the property likely requires substantial capital investment to update aging systems and structural elements.
The mismatch between tax records and the actual bedroom count suggests potential unpermitted work, which could complicate traditional financing or future permitting processes.
Tremendous value opportunity with significant upside for a savvy investor or owner-user. Originally configured as four separate 2-bedroom units, this property can be easily converted back to its multi-unit layout, creating four strong income-producing rentals or a flexible mixed-use living/investment setup. Centrally located near USC, the LA Memorial Coliseum, the LA Convention Center, and Downtown LA, this is a rare chance to own a versatile property brimming with potential.*Tax records indicate the home as only a 4 bed but it has several more bedrooms currently* Property will be delivered vacant.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 81% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,314 | 1,162.5 | 97% |
| Lot Size | 5,204 | 4,568.5 | 66% |
| Price | $749.0K | $567.5K | 94% |
| Price per sq ft | $324 | $501 | 13% |
| Built year | 1911 | 1909 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 208 | 3% |
Feb 23, 2026
$749,000
Initial Listing