1555 W Vernon Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath

1555 W Vernon Avenue, Los Angeles, California 90062 home-pic-0
ACTIVE$655,000
1555 W Vernon Avenue, Los Angeles, California 90062
3Beds
2Baths
1,598Sqft
4,630Lot

Price Vs. Estimate

The estimated value ($597,670.585) is $57,329.415 (8%) lower than the list price ($655,000). This property may be overpriced.

Key pros and cons

Top Pros:
Historic Charm & Architectural Style: This property is a charming Craftsman/California Bungalow, featuring original woodwork and quaint details that exude character and craftsmanship, appealing to buyers seeking historic aesthetics.
Top Cons:
Extensive Renovation Required: The property 'needs quite a bit of work,' including a 'complete makeover' for the kitchen and a garage in 'extremely poor condition,' indicating significant immediate investment is necessary.

Compared to the nearby listings

Price:$655.0K vs avg $775.0K ($-120,000)27%
Size:1,598 sqft vs avg 1,301 sqft68%
Price/sqft:$410 vs avg $55716%

More Insights

Built in 1930 (95 years old).
Condition: Built in 1930, this property requires substantial repairs and rehabilitation. The MLS description explicitly states the kitchen 'needs a complete makeover,' and the garage is in 'extremely poor condition.' The property analysis confirms 'Extensive Renovation Required' and 'Outdated Infrastructure,' indicating major systems like plumbing, electrical, and HVAC likely need significant upgrades. The exterior image shows faded paint and neglected landscaping, reinforcing the need for extensive work to restore the home to a livable and modern standard.
Year Built
1930
Close
-
List price
$655K
Original List price
$655K
Price/Sqft
$410
HOA
-
Days on market
-
Sold On
-
MLS number
25622017
Home ConditionPoor
Features
View-

About this home

Check out this charming Craftsman/California Bungalow with its endless potential in an up-and-coming neighborhood! This three-bedroom, one-and-a-half-bathroom home is a hidden gem waiting to be discovered. Featuring original woodwork in the dining room and ceiling, now painted but rich in history, this home exudes character and craftsmanship. There is a decorative fireplace in the living room. The den that is off the living room could be a home office, a cozy reading room, or it could be used as a first-floor bedroom. The kitchen, which needs a complete makeover, is near the guest bathroom and laundry area, while upstairs, there are three bedrooms, and a full bath which are tucked away from the public areas to provide uninterrupted privacy. Throughout the home, you'll find quaint Craftsman-style details, lovely nooks and crannies, and delightful surprises that add to its personality. While it needs quite a bit of work, this property is truly a diamond in the rough! It's a great opportunity for investors or owner-users with the vision and skill to restore it to its original splendor or reimagine it altogether! Outside, the spacious backyard offers limitless potential, ready to be redesigned to suit your needs, and there's a garage, but it is in extremely poor condition! This property is close to major transportation, LAX, Culver City, shopping, restaurants, Leimert Park & Village and is just a short distance from the Kenneth Hahn Park & Recreational Center, which offers approximately 401 acres of scenic beauty, which includes the LA Basin and the mountains. There is a fishing lake, a lotus pond, walking and hiking trails, and the iconic "13-mile Park to Playa Trail", which connects the Baldwin Hills parklands to the Pacific Ocean. Don't miss this incredible opportunity to bring this neglected gem back to life and make it your own!

Condition Rating
Poor

Built in 1930, this property requires substantial repairs and rehabilitation. The MLS description explicitly states the kitchen 'needs a complete makeover,' and the garage is in 'extremely poor condition.' The property analysis confirms 'Extensive Renovation Required' and 'Outdated Infrastructure,' indicating major systems like plumbing, electrical, and HVAC likely need significant upgrades. The exterior image shows faded paint and neglected landscaping, reinforcing the need for extensive work to restore the home to a livable and modern standard.
Pros & Cons

Pros

Historic Charm & Architectural Style: This property is a charming Craftsman/California Bungalow, featuring original woodwork and quaint details that exude character and craftsmanship, appealing to buyers seeking historic aesthetics.
Significant Renovation Potential: Described as a 'diamond in the rough' with 'endless potential,' it offers a great opportunity for investors or owner-users to restore its original splendor or reimagine it entirely.
Prime Location & Accessibility: Situated in an 'up-and-coming neighborhood,' it boasts proximity to major transportation, LAX, Culver City, shopping, restaurants, and Leimert Park & Village.
Proximity to Extensive Green Space: Located a short distance from the 401-acre Kenneth Hahn Park & Recreational Center, offering scenic beauty, a fishing lake, walking trails, and the '13-mile Park to Playa Trail'.
Flexible Interior Space: The den off the living room provides versatile space that can be utilized as a home office, a cozy reading room, or a first-floor bedroom, enhancing functionality.

Cons

Extensive Renovation Required: The property 'needs quite a bit of work,' including a 'complete makeover' for the kitchen and a garage in 'extremely poor condition,' indicating significant immediate investment is necessary.
Outdated Infrastructure: Built in 1930, the home likely features original or very old plumbing, electrical systems, and potentially lacks modern HVAC, requiring substantial upgrades for contemporary living standards.
Limited Bathroom Facilities: The description explicitly states it is a 'one-and-a-half-bathroom home' for three bedrooms, which may be considered insufficient for modern family needs and could impact market appeal.

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