Search
1045 W Vernon Ave, Los Angeles, CA 90037
Image 2 for 1045 W Vernon Ave, Los Angeles, CA 90037
Image 3 for 1045 W Vernon Ave, Los Angeles, CA 90037
View Photos

1045 W Vernon Ave Los Angeles, CA 90037

$1,090,000 Sold Price as of 05/31/2023
  • 7 Beds
  • 4 Baths
  • 3,574 Sq.Ft.
Sold
$1,090,000 Sold Price as of 05/31/2023 Refinance Your Mortgage
Map preview of 1045 W Vernon Ave, Los Angeles, CA 90037

Property Overview: 1045 W Vernon Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,574 living square feet and 9,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this four unit apartment complex in the Chesterfield Square submarket of South Los Angeles. It is located just west of Vermont Avenue on Vernon, and just a few blocks south of USC and the Coliseum. The property consists of two-one bedroom , one-two bedroom and one-three bedroom apartments totaling 3,574 square feet. The buildings are situated on a large, 9,754 square foot lot which is zoned LAR3. Current zoning allows for potential development opportunities in the future. The income is over $7,000 per month and there is still plenty of upside upon turnover. This is an excellent opportunity for new or experienced investors. Please make all offers subject to inspection and be sure to include supporting documents such as Pre-Approval and current Proof of Funds. Please do not walk the property or disturb tenants in any way.

Listed by Jerome McAlpin | BRE #00939725 | McAlpin & Company
Last checked: 11 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
9,754
HOA Dues
$0/mo
Year built
--
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
23236567
City
Los Angeles
County
Los Angeles
Time on Site
515 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,345
  • Total Rent: $2,345
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,779
  • Total Rent: $1,779
  • Pro Forma/Market Rent: $1,825
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,305
  • Total Rent: $1,305
  • Pro Forma/Market Rent: $1,825
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.57%
  • Gross Rent Multiplier: 13.6
  • Gross Scheduled Income: --
  • Net Operating Income: $64,098
  • Gross Operating Income: $84,348
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1045 W Vernon Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage - Two Door
Property Information
  • Total # of Units: 4
  • Parcel Number: 5020025034
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: On Vernon, West of Vermont and East of Normandie Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 1045 W Vernon Ave

Last sold for $1,090,000 on May 31st, 2023

  • May, 2023

  • May 31, 2023

    Date

    Sold

    CRMLS: 23236567

    $1,090,000

    Price

  • Jan 23, 2023

    Date

    Active

    CRMLS: 23236567

    $1,150,000

    Price

  • September, 2021

  • Sep 29, 2021

    Date

    Active

    CRMLS: 21789098

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this four unit apartment complex in the Chesterfield Square submarket of South Los Angeles. It is located just west of Vermont Avenue on Vernon, and just a few blocks south of USC and the Coliseum. The property consists of two - one bedroom, one - two bedroom and one - three bedroom apartments totaling 3,574 square feet. The buildings are situated on a large, 9,754 square foot lot which is zoned LAR3. Current zoning allows for potential development opportunities in the future. The income is $5,913 per month leaving a new owner plenty of upside in the rents upon turnover. This is an excellent opportunity for new or experienced investors. Please make all offers subject to inspection and be sure to include supporting documents like current proof of funds. Please do not walk on property or disturb tenants in any way.

  • March, 2017

  • Mar 23, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2016

  • Nov 10, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1045 W Vernon Ave

Assessed Value (2020): $276,531
Year Land Value Improved Value Assessed Value
2020 $225,561 $50,970 $276,531

Home Value Compared to the Market

This property vs the competition

1045 W Vernon Ave sold on May 31, 2023 for 1.77% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $321.77 per/sqft which puts the price per square foot 57.33% lower than the current median sale per square foot for the city of Los Angeles.

About 1045 W Vernon Ave

Detailed summary of property

1045 W Vernon Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,574 living square feet, and sits on an approximately 9,754 square foot lot. 1045 W Vernon Ave was first listed on ArdentRealEstateGroup.com on January 28, 2023. The homeowner sold the property for $1,090,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1.77% higher than the current median priced home. Local homes that are currently for sale include 5321 Denker Ave, 5860 Estrella Ave and 822 W 60th St. While the average home in Los Angeles, CA is selling in 98 days, 1045 W Vernon Ave has a days on market of 50 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1045 W Vernon Ave Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1045 W Vernon Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
3,574
Lot Size
9,754
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,6
APN
5020-025-034

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$491
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$543
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
41
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (25%), Other (25%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1045 W Vernon Ave

Nearby Homes for Sale

914 W 41st St, Los Angeles, CA 90037
$1,040,000
8 Beds
4 Baths
2724 Sq.Ft.
914 W 41st St
Los Angeles, CA 90037
828 W 41st St, Los Angeles, CA 90037
$1,250,000
8 Beds
4 Baths
4236 Sq.Ft.
828 W 41st St
Los Angeles, CA 90037
5116 S Budlong Ave, Los Angeles, CA 90037
$1,100,000
5 Beds
4 Baths
3632 Sq.Ft.
5116 S Budlong Ave
Los Angeles, CA 90037
1317 W 40th Pl, Los Angeles, CA 90037
$1,100,000
5 Beds
4 Baths
2962 Sq.Ft.
1317 W 40th Pl
Los Angeles, CA 90037
1306 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
$880,000
4 Beds
4 Baths
3844 Sq.Ft.
1306 W Martin Luther King Jr Blvd
Los Angeles, CA 90037
840 W 52nd St, Los Angeles, CA 90037
$1,250,000
15 Beds
6 Baths
5195 Sq.Ft.
840 W 52nd St
Los Angeles, CA 90037
533 W 49th St, Los Angeles, CA 90037
$1,250,000
10 Beds
9 Baths
4356 Sq.Ft.
533 W 49th St
Los Angeles, CA 90037
3915 Walton Ave, Los Angeles, CA 90037
$950,000
13 Beds
10 Baths
3314 Sq.Ft.
3915 Walton Ave
Los Angeles, CA 90037
1286 W 39th Pl, Los Angeles, CA 90037
$915,000
5 Beds
5 Baths
1384 Sq.Ft.
1286 W 39th Pl
Los Angeles, CA 90037
4100 Denker Ave, Los Angeles, CA 90062
$1,119,000
5 Beds
3 Baths
2833 Sq.Ft.
4100 Denker Ave
Los Angeles, CA 90062
3919 Halldale Ave, Los Angeles, CA 90062
$1,100,000
20 Beds
10 Baths
3250 Sq.Ft.
3919 Halldale Ave
Los Angeles, CA 90062
3945 Denker Ave, Los Angeles, CA 90062
$1,240,000
11 Beds
6 Baths
4790 Sq.Ft.
3945 Denker Ave
Los Angeles, CA 90062

Recently Sold Homes Near 1045 W Vernon Ave

1038 W Vernon Ave, Los Angeles, CA 90037
$705,000 Last Sold Price
4 Beds
3 Baths
2070 Sq.Ft.
1038 W Vernon Ave
Los Angeles, CA 90037
4350 S Kansas Ave, Los Angeles, CA 90037
$1,035,000 Last Sold Price
5 Beds
4 Baths
2658 Sq.Ft.
4350 S Kansas Ave
Los Angeles, CA 90037
1054 W 45th St, Los Angeles, CA 90037
$1,150,000 Last Sold Price
10 Beds
5 Baths
3617 Sq.Ft.
1054 W 45th St
Los Angeles, CA 90037
968 W 43rd Pl, Los Angeles, CA 90037
$550,000 Last Sold Price
5 Beds
0 Baths
1984 Sq.Ft.
968 W 43rd Pl
Los Angeles, CA 90037

Related Resources to 1045 W Vernon Ave

New Listings in 90037
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote