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1552 W Vernon Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 2 bath

1552 W Vernon Avenue, Los Angeles, California 90062 home-pic-0
ACTIVE UNDER CONTRACT$920,000
1552 W Vernon Avenue, Los Angeles, California 90062
4Beds
2Baths
1,774Sqft
5,874Lot
Year Built
1920
Close
-
List price
$920K
Original List price
$920K
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
24381393
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 49% below the list price. We found 3 Cons,5 Pros. Rank: price - $920.0K(68th), sqft - 1774(73th), beds - 4(73th), baths - 2(50th).

Welcome to 1552 W Vernon Ave, a single family home with an attached back unit in Los Angeles, CA. This property features a front house with 2 bedrooms plus an office that can be used as a 3rd bedroom and 1 bath and an attached back unit with 2 bedrooms and 1 bath, both units have their own address and electrical meter. Both units will be delivered vacant . Extensively updated with a new roof, windows, plumbing, electrical wiring and panels, this home shines with fresh paint inside and out. Inside, you'll find new flooring, kitchen cabinets, countertops, and bathrooms. One unit offers central A/C, while the other has a mini-split system. Property is fully landscaped with sprinkler system and a new fully concrete paved driveway for plenty of parking. This property features a big lot and zoning for a potential third unit, this property presents a prime investment opportunity. Conveniently located near major freeways, It's perfect to live in one and rent the other or keep long term as a cash flowing property.

Nearby schools

3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.8mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.3mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
Manual Arts Senior High School
Public,•9-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi

Price History

Date
Event
Price
06/18/24
Sold
$905,000
02/13/24
Sold
$418,000
Condition Rating
Excellent
Despite being built in 1920, this property has undergone extensive and recent renovations, including a new roof, windows, plumbing, electrical, flooring, kitchen cabinets, countertops, and bathrooms. The images confirm a modern, clean aesthetic with new appliances, fixtures, and finishes throughout both units, indicating all components are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Multi-Unit Configuration & Income Potential: The property features two separate units (front house and attached back unit), each with its own address and electrical meter, both delivered vacant, offering immediate rental income or owner-occupancy with rental income potential.
Extensive Recent Renovations: The property has undergone extensive updates including a new roof, windows, plumbing, electrical wiring and panels, fresh paint, new flooring, kitchen cabinets, countertops, and bathrooms, significantly reducing immediate maintenance needs.
ADU/Expansion Potential: Situated on a large lot with zoning for a potential third unit, this property offers significant future value addition and increased income-generating opportunities.
Modern Comforts & Curb Appeal: Both units benefit from climate control (central A/C in one, mini-split in the other), a fully landscaped yard with a sprinkler system, and a new concrete paved driveway providing ample parking.
Strategic Location: Conveniently located near major freeways, the property offers easy access to various parts of Los Angeles, enhancing its appeal for both residents and potential tenants.

Cons

Significant Discrepancy in Automated Valuation: The listed price of $920,000 is substantially higher than the provided automated property estimation of $463,421.58, which may require a detailed market analysis to justify the asking price to potential buyers.
Limited Bathroom-to-Bedroom Ratio: With a total of 4 bedrooms (plus an office that can serve as a 3rd bedroom in the front unit) and only two bathrooms (one per unit), the property may present functional limitations for larger families or multiple occupants.
Age of Original Structure: Despite extensive renovations, the property's original construction year of 1920 means the underlying structure is over a century old, which could potentially lead to unforeseen issues or require specialized maintenance not covered by recent updates.

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