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.
For sale
Listing Provided by:
Lilach Basson DRE #01704715 818-618-9260,
Compass,
Daniel Sherazi DRE #02106648,
Compass
$895,000
1523 E Vernon Ave, Los Angeles, CA 90011
4beds
2,314sqft
Est.:
Single Family Residence
Built in 1911
5,204 Square Feet Lot
$893,400 Zestimate®
$387/sqft
$-- HOA
What's special
- 10 days |
- 141 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 06:30am
Listing Provided by:
Lilach Basson DRE #01704715 818-618-9260,
Compass,
Daniel Sherazi DRE #02106648,
Compass
Source: CRMLS,MLS#: SR25269880
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 4
Rooms
- Room types: Bedroom, Kitchen
Cooling
- None
Appliances
- Laundry: Inside, Laundry Room
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,314 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 5,204 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5116018034
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1911
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $387/sqft
- Tax assessed value: $222,153
- Annual tax amount: $2,992
- Date on market: 12/3/2025
- Cumulative days on market: 10 days
- Listing terms: Cash to New Loan
Estimated market value
$893,400
$849,000 - $938,000
$4,721/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $895,000$387/sqft |
Source:  CRMLS #SR25269880 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,992 +2.3% | $222,153 +2% |
| 2024 | $2,926 +1.8% | $217,798 +2% |
| 2023 | $2,874 +4.6% | $213,529 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,451/mo
Principal & interest
$4273
Property taxes
$865
Home insurance
$313
Climate risks
Neighborhood: Central City
Nearby schools
GreatSchools rating
- 6/10Ascot Avenue Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10George Washington Carver Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Thomas Jefferson Senior High SchoolGrades: 9-12Distance: 0.4 mi
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