1552 W Vernon Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 2 bath
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Los Angeles, California 90062
This Turnkey Multi-Unit Residential Property is listed at $920,000, representing a stable acquisition aligned with its $915,849 Fair Market Value. Boasting an Excellent Condition Rating, the property has undergone an Extensive 2024 Renovation including a new roof, windows, and upgraded electrical systems. The Dual-Address Configuration features two vacant units with separate meters, while the large lot offers Zoning for a 3rd Unit for future expansion. This high-utility asset is an ideal match for House-Hacking Owner-Occupants or Buy-and-Hold Investors seeking immediate rental income and long-term appreciation.
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 | $516 | - |
A 1577 W 45th Street Sold | $999,000 | 5 | 1 | 1,729 | $578 | 0.1 mi |
B 1540 W 47th Street Sold | $935,000 | 4 | 3 | 1,900 | $492 | 0.2 mi |
C 5035 Denker Ave Sold | $1,000,000 | 6 | 3 | 1,990 | $503 | 0.4 mi |
D 4156 Halldale Sold | $740,000 | 4 | 2 | 1,516 | $488 | 0.4 mi |
E 3826 3828 La Salle Sold | $920,000 | 5 | 3 | 1,934 | $476 | 0.9 mi |
F 3816 S Harvard Boulevard Sold | $1,160,000 | 4 | 2 | 2,026 | $573 | 0.9 mi |
G 4027 La Salle Active | $990,000 List Price | 3 | 2 | 1,701 | $582 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1920, the property has undergone an extensive recent renovation that meets current quality standards. The updates include a new roof, windows, plumbing, and electrical systems. The interior features a modern open-concept kitchen with new shaker-style cabinetry, quartz countertops, and stainless steel appliances. Additionally, the home boasts new flooring, updated bathrooms, recessed lighting, and new HVAC systems (central A/C and mini-split), leaving no evidence of deferred maintenance.
The property features two distinct units with separate electrical meters and will be delivered vacant, offering an ideal setup for house-hacking or a high-yield multi-unit investment.
Extensively renovated with a new roof, windows, plumbing, and electrical systems, alongside modern interior finishes, minimizing immediate capital expenditure for the new owner.
The large lot and favorable zoning provide a rare opportunity to add a third unit, significantly increasing the property's long-term value and rental income capacity.
The local public schools are rated poorly, with scores ranging from 1 to 3, which may deter families and impact long-term appreciation compared to higher-rated districts.
Situated on Vernon Avenue near major freeways, the property is subject to higher noise levels and urban congestion, which may be a drawback for tenants or owners seeking a quiet residential atmosphere.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-2 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,774 | 1,450 | 76% |
| Lot Size | 5,874 | 5,410 | 74% |
| Price | $920.0K | $727.5K | 65% |
| Price per sq ft | $519 | $553 | 38% |
| Built year | 1920 | 1913 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 735 | 203 | 0% |
Jun 18, 2024
$905,000
Public Record
Feb 13, 2024
$418,000
Public Record