873 W Vernon, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
873 W Vernon
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 873 W Vernon, Los Angeles, California 90037 is currently available with a list price of $649,000. 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
Property is extensive renovation needed.
Built in 1913, this fourplex is explicitly marketed as a 'value-add' opportunity requiring 'TLC.' The property exhibits significant deferred maintenance, including weathered exterior siding and outdated interior finishes. Given its age and the listing's emphasis on renovation potential for investors, the major systems, kitchens, and bathrooms likely require substantial rehabilitation to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Rental Upside
This fourplex presents a significant value-add opportunity with four 1-bedroom units that offer strong potential for increased rental income following strategic renovations.
- Prime Central Location
Ideally situated minutes from USC, Downtown Los Angeles, and major freeways (I-10, I-110), the property is positioned in a high-demand area for renters and commuters.
- Favorable LAR3 Zoning
The property sits on a 5,626 sq ft lot with LAR3 zoning, providing investors with versatile options for high-density residential development or future expansion.
CONSRISKS & DEFICIENCIES
- Significant Deferred Maintenance
Built in 1913 and explicitly requiring 'TLC,' the property will likely necessitate substantial upfront capital expenditure for repairs and modernization of aging systems.
- Low Local School Ratings
The majority of the assigned public schools in the immediate vicinity carry low performance ratings, which may limit the property's appeal to a broader range of long-term tenants.
About 873 W Vernon
Back on the market at no fault to seller. Buyer's lost is now your opportunity. Seller is ready to get it sold. Welcome to 873 W Vernon Ave. a value add fourplex opportunity in Los Angeles! This 4unit multifamily property features four (4) 1-bed / 1-bath units and offers strong upside potential. The property is zoned LAR3 and sits on a 5,626 sq ft lot with a total building size of 2,952 sq ft. The property needs some TLC, making it ideal for investors looking to renovate, add to their real estate portfolio, and major potential in upside for increase rental income. Centrally located with convenient access to major freeways including the I-10, I-110, and I-105, and minutes from Downtown Los Angeles, USC, Exposition Park, shopping, dining, and public transportation. Excellent opportunity for investors seeking cash flow, appreciation, and long-term growth in a high-demand rental area.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1913
- Lot Size
- 5,626 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.1 mi
Menlo Avenue Elementary School
Grades K-5 • 0.3 mi
Dr. James Edward Jones Primary Center
Grades K-2 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,952 | 2,496 | 65% |
| Lot Size | 5,626 | 5,451.5 | 70% |
| Price | $649.0K | $890.0K | 20% |
| Price per sq ft | $220 | $317 | 10% |
| Built year | 1913 | 1923 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 260 | 5% |
Pricing History
Listed for Sale
Jan 25, 2026
$649,000
Initial Listing