1945 W Vernon, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 4 bath
1945 W Vernon
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1945 W Vernon, Los Angeles, California 90062 is currently available with a list price of $999,990. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1949, the property is move-in ready and has undergone significant interior updates. The units feature modern white shaker-style cabinetry, stone countertops, and updated laminate flooring. Bathrooms have been refreshed with newer vanities and tiling, showing well-maintained systems and minimal immediate deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Potential
As a quadruplex in a high-demand rental market, this property offers a significant opportunity for steady cash flow and long-term portfolio growth.
- Strategic Central Location
Situated in the Park Hills Heights area of Los Angeles, the property benefits from proximity to major transit corridors and urban amenities, ensuring low vacancy rates.
- Residential Financing Eligibility
Being a four-unit property, it qualifies for residential financing, allowing investors to take advantage of lower down payment options and more favorable interest rates compared to commercial loans.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1949, the property may require significant capital expenditures for deferred maintenance or upgrades to electrical, plumbing, and seismic safety systems.
- Limited Modern Amenities
The lack of a designated view and standard mid-century lot size may limit the property's ability to command premium rents compared to newer, amenity-rich developments in the vicinity.
About 1945 W Vernon
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1949
- Lot Size
- 5,502 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | - | 74% |
| Baths | 4.0 | - | 87% |
| Square foot | 2,366 | 2,366 | 50% |
| Lot Size | 5,502 | 5,502 | 50% |
| Price | $1000.0K | $862.5K | 61% |
| Price per sq ft | $423 | $388 | 57% |
| Built year | 1949 | 1922 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 203 | 4% |
Pricing History
Listed for Sale
Mar 5, 2026
$999,990
Initial Listing
Sold
Oct 25, 2021
$819,000
Public Record