1523 E Vernon, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 4 bath
ACTIVE$799,000
1523 E Vernon, Los Angeles, California 90011
4Beds
4Baths
2,314Sqft
5,204Lot
Year Built
1911
Close
-
List price
$799K
Original List price
$895K
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
SR25269880
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(90th), sqft - 2314(90th), beds - 4(74th), baths - 4(94th).
Tremendous value opportunity with significant upside for a savvy investor or owner-user. Originally configured as four separate 2-bedroom units, this property can be easily converted back to its multi-unit layout, creating four strong income-producing rentals or a flexible mixed-use living/investment setup. Centrally located near USC, the LA Memorial Coliseum, the LA Convention Center, and Downtown LA, this is a rare chance to own a versatile property brimming with potential.*Tax records indicate the home as only a 4 bed but it has several more bedrooms currently* Property will be delivered vacant.
Nearby schools
4/10
Ascot Avenue Elementary School
Public,•K-5•0.1mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.6mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.6mi
2/10
Hooper Avenue Elementary School
Public,•1-5•0.7mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
2/10
Harmony Elementary School
Public,•K-5•0.8mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.9mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.1mi
5/10
Lillian Street Elementary School
Public,•K-6•1.3mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.3mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.3mi
5/10
Pacific Boulevard School
Public,•K-5•1.6mi
5/10
Estrella Elementary School
Public,•K-5•1.8mi
3/10
George Washington Carver Middle School
Public,•6-8•0.8mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.8mi
6/10
Vernon City Elementary School
Public,•K-7•0.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.3mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.6mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.3mi
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•1.9mi
4/10
Huntington Park Senior High School
Public,•9-12•2.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.7mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.1mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.3mi
Price History
Date
Event
Price
12/17/25
Price Change
$799,000-10.7%
12/03/25
Listing
$895,000
Condition Rating
Poor
Built in 1911, this property is over a century old. The images reveal extremely outdated kitchen and bathroom conditions, featuring old appliances, tiled countertops, worn flooring, and very dated fixtures and finishes (e.g., pink walls, blue patterned tiles). These areas require complete renovation. Given the age, it's highly probable that major systems (plumbing, electrical, HVAC) are also significantly past their lifespan and will require substantial repairs and rehabilitation, as suggested by the listing's framing as an 'investor opportunity' needing 'significant upside.' While not explicitly a tear-down, the property requires extensive work to be brought to modern living standards and comfort.
Pros & Cons
Pros
Significant Investment Potential: The property is explicitly marketed as a 'tremendous value opportunity with significant upside for a savvy investor or owner-user,' indicating strong potential for appreciation and return on investment.
Multi-Unit Conversion Potential: Originally configured as four 2-bedroom units, the property can be 'easily converted back' to its multi-unit layout, offering strong income-producing rentals or a flexible mixed-use setup.
Prime Central Location: Strategically located near major attractions such as USC, the LA Memorial Coliseum, the LA Convention Center, and Downtown LA, enhancing its appeal for renters or future resale.
Vacant Delivery: The property will be delivered vacant, allowing for immediate renovation, conversion, or occupancy without the complexities and costs associated with tenant relocation.
Recent Price Adjustment: A recent price reduction from $895,000 to $799,000 suggests a motivated seller and potentially a more attractive entry point for buyers seeking value.
Cons
Age of Property & Renovation Needs: Built in 1911, the property is over a century old, suggesting a high likelihood of requiring significant updates to major systems (plumbing, electrical, roofing) and general renovation, which could entail substantial costs.
Zoning/Permitting Ambiguity for Multi-Unit Use: While described with multi-unit conversion potential, the property is currently listed as a 'Single Family Residence.' This discrepancy could lead to complex zoning, permitting, and legal hurdles for investors aiming to restore its multi-unit functionality.
Discrepancy in Bedroom Count & Tax Records: The description notes 'Tax records indicate the home as only a 4 bed but it has several more bedrooms currently.' This inconsistency could pose issues with property assessments, insurance, and future resale if the additional bedrooms are not legally permitted or documented.