5227 S Vermont Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,400,000
5227 S Vermont Avenue, Los Angeles, California 90037
0Bed
0Bath
3,132Sqft
4,920Lot
Year Built
1992
Close
-
List price
$1.4M
Original List price
$1.65M
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
DW24113240
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.40M(91th), sqft - 3132(65th), beds - undefined(50th), baths - undefined(50th).
great Investment property 4 units /3 bedroom /1 bathroom each one, close to the University. please advise your Offer MUST include a copy of Fico scores, Pre-approval, DU, AND Proof of funds
Nearby schools
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.6mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.7mi
2/10
Western Avenue Elementary School
Public,•K-5•0.9mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.1mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.5mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.7mi
3/10
Trinity Street Elementary School
Public,•K-5•1.8mi
/10
Maple Primary Center
Public,•K-1•1.9mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.9mi
2/10
John Muir Middle School
Public,•6-8•0.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.6mi
1/10
Horace Mann Junior High School
Public,•6-8•1.7mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.9mi
2/10
Audubon Middle School
Public,•6-8•2.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.6mi
5/10
Santee Education Complex
Public,•9-12•2.9mi
Price History
Date
Event
Price
06/26/20
Sold
$1,180,000
01/31/14
Sold
$555,000
12/01/11
Sold
$300,000
Condition Rating
Fair
Built in 1992, this property is 32 years old, fitting the 'Fair' category for age with no indication of major renovations. The absence of interior photos, especially for kitchens and bathrooms, strongly suggests these areas are likely original or minimally updated and thus outdated. The visible window-mounted AC unit points to a lack of central cooling, further indicating older systems. While the exterior appears maintained, it lacks modern aesthetic updates. The property is functional but requires minor to moderate updates to meet current quality and style standards, particularly in key areas like kitchens, bathrooms, and HVAC.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'great Investment property' with four units, each having 3 bedrooms and 1 bathroom, providing substantial rental income opportunities.
Strategic Location: Proximity to a university ensures a consistent demand for rental units, appealing to students, faculty, and staff, which can lead to low vacancy rates.
Quadruplex Configuration: The property's quadruplex status offers diversified income streams and potentially higher cash flow compared to smaller multi-unit properties.
Recent Price Adjustment: A significant reduction from the original list price of $1,649,000 to $1,400,000 indicates increased motivation from the seller and a potential value-add opportunity for buyers.
Relatively Newer Construction: Built in 1992, the property is newer than many multi-family buildings in the area, which could mean fewer immediate capital expenditures for major systems.
Cons
Strict Offer Requirements: The listing's explicit demand for FICO scores, pre-approval, DU, and proof of funds upfront may deter potential buyers or complicate the offer submission process.
Lack of Interior Condition Details: The brief description provides no information on the interior condition of the four units, suggesting they may be in original or dated condition and could require significant capital expenditure for renovations.
Potential for Deferred Maintenance: Built in 1992, without any mention of recent upgrades or renovations, the property may have deferred maintenance issues common in multi-unit buildings of this age, requiring future investment.