1247 E Vernon Avenue, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$899,000
1247 E Vernon Avenue, Los Angeles, California 90011
0Bed
0Bath
2,541Sqft
5,112Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'Great investment opportunity' and categorized as a 'Residential Income' duplex, appealing to investors seeking rental income.
Top Cons:
Extended Market Duration: The property has been active on the market for over a year (since March 2024), which may indicate challenges with pricing, condition, or market demand.
Compared to the nearby listings
Price:$899.0K vs avg $672.0K (+$227,000)88%
Size:2,541 sqft vs avg 2,042 sqft92%
Price/sqft:$354 vs avg $34562%
More Insights
Built in 2007 (18 years old).
Condition: The property was built in 2007, making it 17 years old, which falls within the 'Good' category's age range (10-20 years). While no interior images or specific details about the kitchen, bathrooms, appliances, or other systems are provided, the exterior appears maintained. Without evidence of significant wear or required repairs, and based on its relatively modern construction year, it is presumed to be move-in ready with functional systems within their expected lifespan. However, a more precise assessment would require interior photos, especially of key areas like kitchens and bathrooms, to confirm the condition of finishes and fixtures.
Year Built
2007
Close
-
List price
$899K
Original List price
$1M
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
TR24055064
Home ConditionGood
Features
View-
About this home
Great investment opportunity! Ample parking in the rear. Desirable bedroom/bathroom count. Central location and very close to freeways and transportation.
Nearby schools
4/10
Ascot Avenue Elementary School
Public,•K-5•0.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.3mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.5mi
2/10
Hooper Avenue Elementary School
Public,•1-5•0.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
2/10
Aurora Elementary School
Public,•K-5•0.7mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.9mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.3mi
5/10
Lillian Street Elementary School
Public,•K-6•1.4mi
5/10
Estrella Elementary School
Public,•K-5•1.5mi
5/10
Pacific Boulevard School
Public,•K-5•1.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.1mi
6/10
Vernon City Elementary School
Public,•K-7•1.3mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.6mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.6mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.4mi
5/10
Santee Education Complex
Public,•9-12•1.8mi
4/10
Huntington Park Senior High School
Public,•9-12•2.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.5mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.4mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.4mi
Condition Rating
Good
The property was built in 2007, making it 17 years old, which falls within the 'Good' category's age range (10-20 years). While no interior images or specific details about the kitchen, bathrooms, appliances, or other systems are provided, the exterior appears maintained. Without evidence of significant wear or required repairs, and based on its relatively modern construction year, it is presumed to be move-in ready with functional systems within their expected lifespan. However, a more precise assessment would require interior photos, especially of key areas like kitchens and bathrooms, to confirm the condition of finishes and fixtures.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'Great investment opportunity' and categorized as a 'Residential Income' duplex, appealing to investors seeking rental income.
Prime Location & Accessibility: Situated in a central Los Angeles location with excellent proximity to freeways and public transportation, enhancing tenant appeal and convenience.
Ample Off-Street Parking: Features 'ample parking in the rear,' a significant and highly valued amenity in a dense urban environment like Los Angeles.
Modern Construction Year: Built in 2007, offering newer construction standards and potentially fewer immediate maintenance concerns compared to older properties in the area.
Functional Layout & Size: Boasts a 'desirable bedroom/bathroom count' and a substantial 2541 sqft, suggesting a practical and spacious layout for multiple tenants.
Cons
Extended Market Duration: The property has been active on the market for over a year (since March 2024), which may indicate challenges with pricing, condition, or market demand.
Significant Price Reduction: A notable price drop from $1,000,000 to $899,000 suggests initial overpricing or difficulty in attracting offers at the original asking price.
Limited Property Specifics: The description lacks details on the current condition, specific unit configurations, or recent upgrades, which could imply average condition or potential need for further investment.