649 S Vancouver Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 3 bed, 2 bath
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649 S Vancouver Avenue
Los Angeles, California 90022
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,646Sq Ft
4,770Lot Size
Property Price
LIST PRICE$897,888
EST. MARKET VALUE
$803,652
11% AboveMARKET VALUE
SUMMARY
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $897,888—positioned above the $803,653 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a well-maintained vintage structure with significant upside. The inclusion of a permitted junior ADU and a shovel-ready permit for a second 400 sqft ADU provides immediate rental yield expansion. Located in a high-demand East LA district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Estimated Market Value
$803,652
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 649 S Vancouver Avenue Subject | $897,888* List Price | 3 | 2 | 1,646 | $488 | - |
A 5354 Louis Sold | $807,000 | 3 | 3 | 1,831 | $441 | 0.4 mi |
B 708 S Eastern Avenue Sold | $735,000 | 0 | 0 | 1,444 | $509 | 0.9 mi |
C 549 Williamson Active | $849,000 List Price | 5 | 2 | 1,872 | $454 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1927 and features a kitchen and bathroom that appear to have been renovated approximately 20-25 years ago, evidenced by the oak cabinetry and tile countertops. While the home is well-maintained and functional, it is dated and requires cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features a main house, a permitted junior ADU, and a permit for a second 400 sqft ADU, offering exceptional rental yield or multigenerational utility.
- Prime Investment Location
Situated in a highly sought-after East LA neighborhood near Garfield High School, the home offers strong curb appeal and proximity to major transit and amenities.
- Enhanced Privacy and Security
The lot is tastefully fenced and gated, providing essential security and private living spaces for residents in a high-demand rental area.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally constructed in 1927, the property may require modernization of mechanical systems or frequent maintenance associated with older structures.
- Lot Density Constraints
With three potential units on a 4,770 sqft lot, the property may face limitations regarding private outdoor space and off-street parking for all tenants.
About 649 S Vancouver Avenue
2 bed 1 bath Home and 1 bed 1 bath ADU with permit for 2nd ADU. Welcome to this well-manicured prime investment opportunity in the heart of East LA, just steps away from the iconic Garfield High School. Great street appeal on one of the nicest neighborhoods available. This property features a charming well maintained 2 bedroom, 1-bath main house, perfect for a family or first-time buyer. The fully permitted junior ADU offers an additional 1-bedroom, 1-bath living space, ideal for rental income or multigenerational living, bring mom and dad or adult children. Additionally, there’s a fully-permitted 400 square foot ADU ready to be built, providing even more potential for future expansion for more family members or additional rental income. Tastefully fenced and gated for privacy and security. Great rental location for students or nearby businesses. Nestled in a highly sought-after neighborhood with easy access to schools, shops, and restaurants and freeways, this property offers endless possibilities and charm. Don’t miss your chance to own a versatile home with built-in investment potential in a prime location! Seller believes Rents can be significantly increased to neighborhood averages.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1927
- Lot Size
- 4,770 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 4.6 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,646 | 2,187.451 |
| Lot Size | 4,770 | 5,841.385 |
| Price | $897.9K | $841.5K |
| Price per sq ft | $545 | $385 |
| Built year | 1927 | 1928 |
| HOA | $0 | $0 |
| Days on market | 6 | 85 |
Pricing History
Listed for Sale
Sep 3, 2026
$897,888
Initial Listing
Sold
Jun 1, 1995
$135,000
Public Record