873 W Vernon, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90037
This Value-Add Quadruplex Asset represents a High-Potential Investment Opportunity with a List Price of $649,000, aligning strategically with its $649,000 Fair Market Value. Featuring four 1-bedroom units on a 5,626 sq ft lot with LAR3 Zoning, the property offers significant rental upside through modernization. Despite a Condition Rating of 5 requiring substantial rehabilitation, its prime location minutes from USC and Downtown Los Angeles ensures consistent tenant demand. This acquisition is a high-yield play for Buy-and-Hold Investors or Contractors looking to capitalize on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 873 W Vernon Subject | $649,000* List Price | 0 | 0 | 2,952 | $220 | - |
A 260 W 42nd Place Sold | $675,000 | 0 | 0 | 2,544 | $265 | 0.6 mi |
B 348 W Vernon Avenue Active | $821,000 List Price | 0 | 0 | 2,940 | $279 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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 The property exhibits significant deferred maintenance, including weathered exterior siding and outdated interior finishes.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.
This fourplex presents a significant value-add opportunity with four 1-bedroom units that offer strong potential for increased rental income following strategic renovations.
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.
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.
Built in 1913 and explicitly requiring 'TLC,' the property will likely necessitate substantial upfront capital expenditure for repairs and modernization of aging systems.
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.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-2 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,952 | 2,012 | 74% |
| Lot Size | 5,626 | 5,461 | 58% |
| Price | $649.0K | $855.0K | 16% |
| Price per sq ft | $220 | $387 | 5% |
| Built year | 1913 | 1923 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 87 | 242 | 21% |
Jan 25, 2026
$649,000
Initial Listing