3128 Vera Avenue, Los Angeles, California 90034, Los Angeles, 90034 - 2 bed, 1 bath
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Los Angeles, California 90034
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,193,674 Fair Market Value (Note: Market is stable). This asset offers a strategic Value-Add Opportunity through the renovation of the main residence and the existing Detached Guest Unit. With a Fair Condition Rating, the property requires capital investment but provides significant upside in a prime Westside location. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to renovate and build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3128 Vera Avenue Subject | $1,200,000* List Price | 2 | 1 | 864 | $1,382 | - |
A 8966 Cadillac Avenue Sold | $1,075,000 | 2 | 1 | 666 | $1,614 | 0.6 mi |
B 3217 Oakhurst Avenue Sold | $1,249,000 | 2 | 1 | 1,000 | $1,249 | 0.6 mi |
C 1978 S Holt Avenue Active | $1,550,000 List Price | 3 | 2 | 1,160 | $1,336 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, the home features a kitchen with dated oak cabinetry and tile countertops consistent with a 20-30 year old renovation. While the interior appears clean and functional with some newer touches like recessed lighting and laminate flooring, the listing explicitly states the home 'needs updating' and is an 'opportunity for investors to renovate,' suggesting that major systems and finishes are past their prime.
Ideally situated minutes from Downtown Culver City, Sony Studios, and the Helms Bakery District, offering exceptional access to major employment hubs, trendy dining, and high-end retail.
The property features a detached garage converted into a guest unit with its own kitchen and bath, providing a versatile space for rental income, a home office, or guest accommodations.
Positioned as one of the most competitively priced single-family homes in the Palms/Mar Vista area, this property offers significant equity growth potential through renovation and modernization.
The main residence needs significant updating and repairs, which will require a substantial capital investment from the buyer to bring it up to modern standards.
At only 864 square feet for the main house, the living space is quite compact, which may be a constraint for families or buyers looking for more generous indoor proportions.
Prime Westside opportunity in one of Los Angeles' most sought-after neighborhoods. Ideally located just minutes from Downtown Culver City, this property offers easy access to an incredible selection of popular restaurants, cafes, boutiques, entertainment venues, and nightlife. One of the best priced single-family homes in Palms, Mar Vista and Culver City. Enjoy close proximity to the Helms Bakery District, Platform, Ivy Station, Sony Studios, and many of the Westside's major employment centers, with convenient access to Venice, Marina del Rey, Santa Monica, Century City, and Beverly Hills.The property features a two-bedroom home with a den that is ideal for a home office or potential third bedroom. A detached garage has been converted into a guest unit with its own kitchen and bath, while both the main house and guest unit enjoy separate, private outdoor spaces. The home needs updating and presents an outstanding opportunity for investors, developers, or owner-users looking to renovate and add value. Surrounded by numerous beautifully remodeled homes, this property offers the chance to create a standout residence in a rapidly improving neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 864 | 1,672 |
| Lot Size | 5,280 | 6,067 |
| Price | $1.20M | $1.37M |
| Price per sq ft | $1.4K | $801 |
| Built year | 1947 | 1939 |
| HOA | $0 | $348 |
| Days on market | 28 | 56 |
Jun 24, 2026
$1,200,000
Initial Listing
May 6, 2003
$376,500
Public Record