1552 W Vernon Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 2 bath
1552 W Vernon Avenue
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1552 W Vernon Avenue, Los Angeles, California 90062 reveals a property with a current list price of $920,000, which is 49% above the estimated $463,421 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 1552 W Vernon Avenue Subject | $920,000* List Price | 4 | 2 | 1,774 | $261 | - |
A 1540 W 47th Street Sold | $935,000 | 4 | 3 | 1,900 | $492 | 0.2 mi |
B 2018 W Martin Luther King Jr Boulevard Sold | $825,000 | 4 | 2 | 1,702 | $485 | 0.8 mi |
C 3816 S Harvard Boulevard Sold | $1,160,000 | 4 | 2 | 2,026 | $573 | 0.9 mi |
D 1558 W 47th Street Sold | $1,100,000 | 5 | 3 | 2,287 | $481 | 0.2 mi |
E 4279 S Harvard Boulevard Sold | $975,000 | 3 | 2 | 1,571 | $621 | 0.2 mi |
F 1643 W 48th Street Sold | $870,000 | 1,829 | $476 | 0.3 mi | ||
G 1577 W 45th Street Active | $999,000 List Price | 5 | 1 | 1,729 | $578 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1920, this property has undergone extensive and recent renovations, including a new roof, windows, plumbing, electrical, flooring, kitchen cabinets, countertops, and bathrooms. The images confirm a modern, clean aesthetic with new appliances, fixtures, and finishes throughout both units, indicating all components are new or virtually new and meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration & Income Potential
The property features two separate units (front house and attached back unit), each with its own address and electrical meter, both delivered vacant, offering immediate rental income or owner-occupancy with rental income potential.
- Extensive Recent Renovations
The property has undergone extensive updates including a new roof, windows, plumbing, electrical wiring and panels, fresh paint, new flooring, kitchen cabinets, countertops, and bathrooms, significantly reducing immediate maintenance needs.
- ADU/Expansion Potential
Situated on a large lot with zoning for a potential third unit, this property offers significant future value addition and increased income-generating opportunities.
CONSRISKS & DEFICIENCIES
- Significant Discrepancy in Automated Valuation
The listed price of $920,000 is substantially higher than the provided automated property estimation of $463,421.58, which may require a detailed market analysis to justify the asking price to potential buyers.
- Limited Bathroom-to-Bedroom Ratio
With a total of 4 bedrooms (plus an office that can serve as a 3rd bedroom in the front unit) and only two bathrooms (one per unit), the property may present functional limitations for larger families or multiple occupants.
- Age of Original Structure
Despite extensive renovations, the property's original construction year of 1920 means the underlying structure is over a century old, which could potentially lead to unforeseen issues or require specialized maintenance not covered by recent updates.
About 1552 W Vernon Avenue
Welcome to 1552 W Vernon Ave, a single family home with an attached back unit in Los Angeles, CA. This property features a front house with 2 bedrooms plus an office that can be used as a 3rd bedroom and 1 bath and an attached back unit with 2 bedrooms and 1 bath, both units have their own address and electrical meter. Both units will be delivered vacant . Extensively updated with a new roof, windows, plumbing, electrical wiring and panels, this home shines with fresh paint inside and out. Inside, you'll find new flooring, kitchen cabinets, countertops, and bathrooms. One unit offers central A/C, while the other has a mini-split system. Property is fully landscaped with sprinkler system and a new fully concrete paved driveway for plenty of parking. This property features a big lot and zoning for a potential third unit, this property presents a prime investment opportunity. Conveniently located near major freeways, It's perfect to live in one and rent the other or keep long term as a cash flowing property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 5,874 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Normandie Avenue Elementary School
Grades K-5 • 0.4 mi
Dr. James Edward Jones Primary Center
Grades K-2 • 0.8 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,774 | 1,402 | 69% |
| Lot Size | 5,874 | 5,504 | 69% |
| Price | $920.0K | $810.0K | 62% |
| Price per sq ft | $519 | $556 | 41% |
| Built year | 1920 | 1913 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 688 | 190 | 0% |
Pricing History
Sold
Jun 18, 2024
$905,000
Public Record
Sold
Feb 13, 2024
$418,000
Public Record