1634 E Vernon, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Strong Value Opportunity is a well-maintained Duplex listed at $790,000, positioned well below the $830,087 Fair Market Value by 4%. This valuation gap provides $40,087 in Instant Equity. With a Good Condition Rating and 2007 construction, the asset features low-management overhead as tenants cover all utilities. The property offers stable cash flow from Section 8 tenants, making it a prime acquisition for Buy-and-Hold Investors or first-time investors seeking immediate, reliable returns in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1634 E Vernon Subject | $790,000* List Price | 0 | 0 | 2,379 | $349 | - |
A 1629 E Vernon Sold | $899,000 | 0 | 0 | 2,274 | $395 | 0.0 mi |
B 1241 E 43rd Sold | $555,000 | 0 | 0 | 2,362 | $235 | 0.5 mi |
C 1426 E 50th Sold | $725,000 | 0 | 0 | 1,850 | $392 | 0.5 mi |
D 5604 Fortuna Sold | $855,000 | 0 | 0 | 2,904 | $294 | 0.8 mi |
E 1334 E 43rd Street Sold | $843,000 | 0 | 0 | 2,440 | $345 | 0.4 mi |
F 1266 1266 E 50th Active | $925,000 List Price | 5 | 2 | 2,156 | $429 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property is 17 years old, placing it squarely in the 'Good' category (10-20 years). The listing describes it as well-maintained, and the exterior image shows modern stucco, vinyl windows, and functional systems consistent with 21st-century construction.
The property generates a robust gross monthly income of $5,600 from reliable Section 8 tenants, providing an immediate and attractive return on investment for landlords.
Built in 2007, this duplex is significantly newer than most multi-family assets in the area, likely resulting in fewer structural issues and lower immediate maintenance costs.
Tenants are responsible for all utilities, including water, which minimizes the owner's monthly expenses to just taxes, insurance, and basic upkeep.
The surrounding public schools have low performance ratings, which may limit the property's appeal to families and impact long-term residential appreciation.
With a 2,379 sqft building and parking for four vehicles on a 3,749 sqft lot, there is very little usable yard or green space for tenants.
Investor Opportunity! Well-maintained, duplex built in 2007, offering strong cash flow potential. Both units are occupied by reliable Section 8 tenants in good standing. Each unit features its own washer and dryer, and tenants are responsible for all utilities, including water. Each unit includes parking for two vehicles. The lower unit currently rents for $2,700 per month, while the upper unit generates $2,900 per month. Conveniently located just minutes from popular amenities and a variety of shopping and dining options. With tenants covering utilities, the owner's expenses are limited to property taxes, insurance, landscaping, and routine maintenance—making this an attractive, low-management investment opportunity.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,379 | 2,318 | 56% |
| Lot Size | 3,749 | 5,261 | 13% |
| Price | $790.0K | $772.5K | 53% |
| Price per sq ft | $332 | $347 | 47% |
| Built year | 2007 | 1922 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 207 | 3% |
Jun 2, 2026
$790,000
Initial Listing
Mar 30, 2021
$730,000
Public Record
May 24, 2019
$570,000
Public Record
Sep 22, 2014
$402,000
Public Record
Sep 26, 2012
$359,000
Public Record
Oct 18, 2011
$180,000
Public Record
Aug 15, 2008
$438,000
Public Record