1523 E Vernon Avenue, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 4 bath
1523 E Vernon Avenue
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 1523 E Vernon Avenue, Los Angeles, California 90011 reveals a Fairly Priced Property with a current list price of $749,000 aligned with the estimated $746,595 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Conversion Potential
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.
- Strategic Central Location
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.
- Delivered Vacant
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.
CONSRISKS & DEFICIENCIES
- Significant Modernization Required
Built in 1911 and marketed as a value-add opportunity, the property likely requires substantial capital investment to update aging systems and structural elements.
- Discrepancy in Official Records
The mismatch between tax records and the actual bedroom count suggests potential unpermitted work, which could complicate traditional financing or future permitting processes.
About 1523 E Vernon Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 5,204 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
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
Nevin Avenue Elementary School
Grades K-5 • 0.6 mi
Sally Ride Elementary: A Smart Academy
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,314 | 1,138.5 | 97% |
| Lot Size | 5,204 | 4,568.5 | 62% |
| Price | $749.0K | $575.0K | 94% |
| Price per sq ft | $324 | $511 | 12% |
| Built year | 1911 | 1910 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 174 | 3% |
Pricing History
Listed for Sale
Feb 23, 2026
$749,000
Initial Listing