1555 W Vernon Avenue
Los Angeles, CA, 90062
$655,000
MLS: 25622017
Beds
3
Baths
2
Sq Ft
1,598
Lot
0.11 ac
Year Built
1930
MLS #
25622017
Days on Market
11
Listed
Nov 23, 2025
Description
Check out this charming Craftsman/California Bungalow with its endless potential in an up-and-coming neighborhood! This three-bedroom, one-and-a-half-bathroom home is a hidden gem waiting to be discovered. Featuring original woodwork in the dining room and ceiling, now painted but rich in history, this home exudes character and craftsmanship. There is a decorative fireplace in the living room. The den that is off the living room could be a home office, a cozy reading room, or it could be used as a first-floor bedroom. The kitchen, which needs a complete makeover, is near the guest bathroom and laundry area, while upstairs, there are three bedrooms, and a full bath which are tucked away from the public areas to provide uninterrupted privacy. Throughout the home, you'll find quaint Craftsman-style details, lovely nooks and crannies, and delightful surprises that add to its personality. While it needs quite a bit of work, this property is truly a diamond in the rough! It's a great opportunity for investors or owner-users with the vision and skill to restore it to its original splendor or reimagine it altogether! Outside, the spacious backyard offers limitless potential, ready to be redesigned to suit your needs, and there's a garage, but it is in extremely poor condition! This property is close to major transportation, LAX, Culver City, shopping, restaurants, Leimert Park & Village and is just a short distance from the Kenneth Hahn Park & Recreational Center, which offers approximately 401 acres of scenic beauty, which includes the LA Basin and the mountains. There is a fishing lake, a lotus pond, walking and hiking trails, and the iconic "13-mile Park to Playa Trail", which connects the Baldwin Hills parklands to the Pacific Ocean. Don't miss this incredible opportunity to bring this neglected gem back to life and make it your own!
Location
Los Angeles, Los Angeles County, CA 90062
Open on Google Maps ↗Listed by: Rhonda Payne · Rodeo Realty- Brentwood
Payment estimate
$4,850
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $65,500 · Loan: $589,500
- Principal & Interest
- $3,622
- Property tax (1.25%)
- $682
- Homeowners insurance
- $300
- Mortgage insurance
- $246
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $22,925 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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