348 W Vernon Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

348 W Vernon Avenue, Los Angeles, California 90037 home-pic-0

348 W Vernon Avenue

Los Angeles, California 90037

ACTIVE
CONDITION: POOR
0Beds
0Baths
2,940Sq Ft
5,004Lot Size

Property Price

LIST PRICE$821,000

SUMMARY

Analysis of 348 W Vernon Avenue, Los Angeles, California 90037 is currently available with a list price of $821,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1911, this property shows significant age and a lack of recent, extensive renovations. The residential kitchens feature very dated cabinets, old appliances, and worn flooring. Bathrooms are basic, with older fixtures and finishes, some appearing to have minor updates 20-30 years ago but still far from modern. The commercial space is extremely basic and worn. The property requires substantial rehabilitation, including likely upgrades to major systems (plumbing, electrical, HVAC) as indicated by the property analysis, to meet current standards and tenant expectations. It is functional but very uncomfortable and outdated in its current state, aligning with the 'poor' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • Diverse Income Streams

    The property offers multiple revenue sources with a street-level commercial storefront and three separate residential units, providing stability and potential for varied tenant bases.

  • Strategic Urban Location

    Situated in a high-demand urban corridor of Los Angeles with excellent proximity to major thoroughfares, public transportation, and freeways, ensuring strong rental demand and accessibility.

  • High Commercial Visibility & Flexibility

    The commercial unit benefits from strong street exposure on Vernon Avenue, a wide storefront, security gate, and a flexible interior layout suitable for various business types.

CONSRISKS & DEFICIENCIES

  • Advanced Age & Potential Capital Expenditures

    Built in 1911, the property likely requires significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization to meet current standards and tenant expectations.

  • Buyer Due Diligence Burden

    The listing explicitly states 'Buyer to verify all zoning, unit count, and permitted uses,' indicating a higher burden of due diligence and potential complexities or risks related to the property's legal compliance or future development.

  • Unspecified Unit Condition/Modernization

    While units are described as functional, the lack of detail regarding recent renovations or modern amenities suggests the residential and commercial spaces may be dated, potentially impacting rental rates without further investment.

About 348 W Vernon Avenue

Prime mixed-use investment opportunity located at 348 W Vernon Ave, Los Angeles. This versatile property features a street-level commercial storefront currently used as a retail space, plus three residential units, offering multiple income streams in a high-demand urban corridor. The commercial unit benefits from strong street exposure along Vernon Avenue, with a wide storefront window, security gate, and flexible interior layout ideal for retail, office, or service-oriented uses. Excellent visibility and signage potential enhance business appeal. The residential component consists of three separate units, including a combination of single-story and upper-level unit with private entrances. Units feature functional floor plans, natural light, and practical layouts suitable for long-term tenants. A shared courtyard and on-site access provide convenience and separation from the commercial space. The property sits on a fully improved lot with alley access, 3 individual meters, and a layout conducive to efficient management. Aerial views highlight proximity to major thoroughfares, public transportation, and nearby freeways, offering easy access to Downtown Los Angeles and surrounding neighborhoods. Located in a strong rental market with consistent demand for both residential and commercial space, this asset presents an excellent opportunity for investors, owner-users, or those seeking to reposition a mixed-use property for increased cash flow. Zoned for mixed use. Buyer to verify all zoning, unit count, and permitted uses with the City of Los Angeles.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1911
Lot Size
5,004 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,9402,496
65%
Lot Size5,0045,409.5
25%
Price$821.0K$890.0K
45%
Price per sq ft$279$317
25%
Built year19111923
35%
HOA$0$0
50%
Days on market74260
5%

Pricing History

Listed for Sale

Dec 22, 2025

$821,000

Initial Listing

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