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10627 S Vermont Ave, Los Angeles, CA 90044
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10627 S Vermont Ave Los Angeles, CA 90044

$1,650,000 Sold Price as of 04/09/2021
  • 9 Beds
  • 16 Baths
  • 7,241 Sq.Ft.
Sold
$1,650,000 Sold Price as of 04/09/2021 Refinance Your Mortgage
Map preview of 10627 S Vermont Ave, Los Angeles, CA 90044

Property Overview: 10627 S Vermont Ave Los Angeles, CA has 9 bedrooms, 16 bathrooms, 7,241 living square feet and 15,217 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FANTASTIC OPPORTUNITY TO OWN 16 UNITS IN HIGH RENTAL DEMAND OF SOUTH LOS ANGELES. EXCELLENT MIX OF 1 4BED 1 BATH,2 2 BED 1 BATH UNITS, 1 1BED 1BATH, 1 RETAIL STORE AND 11 SINGLE/STUDIO UNITS. GREAT UPSIDE POTENTIAL OF DOUBLE DIGIT PRETAX CASHFLOW. EXCELLENT ADD-ON OPPORTUNITY! TWO PARCELS WITH 16 UNITS RENTAL INCOME PROPERTY.

Listed by SILVIA VICH | BRE #01959341 | NEW HAVEN INVESTMENTS
Co-listed by Howard Greenberg | BRE #01048034 | Coral Tree Real Estate Service
Last checked: 33 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
15,217
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV20229841
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 7
  • # of Electric Meters: 8
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,765
  • Total Rent: $1,765
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $954
  • Total Rent: $1,908
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $856
  • Total Rent: $856
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $777
  • Total Rent: $4,662
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $608
  • Total Rent: $3,038
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $902
  • Total Rent: $902
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $157,566
  • Net Operating Income: $97,460
  • Gross Operating Income: $155,990
  • Vacancy Allowance: $1
Annual Expense Breakdown
  • Total Operating Expense: $58,530
  • Electric: $9,000
  • Gas/Fuel: $0
  • New Taxes: $26,250
  • Trash: $2,000
  • Gardener: $1,200
  • Insurance: $4,000
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $9,000
  • Other Expenses: $3,000
  • Other Expense Description: reserves

Property Details for 10627 S Vermont Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: None
  • Has Fence
  • Average Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 16
  • Parcel Number: 6060016005
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Property is Attached
  • Has Additional Parcels
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: 10627- 10631 S. Vermont Ave
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 10627 S Vermont Ave

Last sold for $1,650,000 on April 9th, 2021

  • April, 2021

  • Apr 13, 2021

    Date

    Sold

    CRMLS: CV20229841

    $1,650,000

    Price

  • Jan 18, 2021

    Date

    Pending

    CRMLS: CV20229841

    $2,000,000

    Price

  • Dec 16, 2020

    Date

    Active Under Contract

    CRMLS: CV20229841

    $2,000,000

    Price

  • Nov 14, 2020

    Date

    Active

    CRMLS: CV20229841

    $2,000,000

    Price

  • Nov 2, 2020

    Date

    Active Under Contract

    CRMLS: CV20229841

    $2,000,000

    Price

  • Oct 31, 2020

    Date

    Active

    CRMLS: CV20229841

    $2,000,000

    Price

  • January, 2014

  • Jan 3, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10627 S Vermont Ave

Assessed Value (2020): $58,864
Year Land Value Improved Value Assessed Value
2020 $30,013 $28,851 $58,864

Home Value Compared to the Market

This property vs the competition

10627 S Vermont Ave sold on April 9, 2021 for 56.99% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $276.2 per/sqft which puts the price per square foot 65.08% lower than the current median sale per square foot for the city of Los Angeles.

About 10627 S Vermont Ave

Detailed summary of property

10627 S Vermont Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 9 bedrooms, 16 bathrooms, roughly 7,241 living square feet, and sits on an approximately 15,217 square foot lot. 10627 S Vermont Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,650,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 56.99% higher than the current median priced home. Local homes that are currently for sale include 240 E 60th St, 6821 11th Ave and 6321 11th Ave. While the average home in Los Angeles, CA is selling in 100 days, 10627 S Vermont Ave has a days on market of 41 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 10627 S Vermont Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10627 S Vermont Ave

Public county record property details
Beds
8
Baths
8
Year built
1936
Sq. Ft.
4,126
Lot Size
7,608
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
125
APN
6060-016-005

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,500
Median List Price/Sq.Ft.
$521
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
87
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

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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.

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