1126 W Vernon Ave, Los Angeles, CA 90037
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1126 W Vernon Ave Los Angeles, CA 90037

$729,000 Sold Price as of 06/13/2019
  • 7 Beds
  • 4 Baths
  • 2,396 Sq.Ft.
Sold
$729,000 Sold Price as of 06/13/2019 Refinance Your Mortgage

Map preview of 1126 W Vernon Ave, Los Angeles, CA 90037

Property Overview: 1126 W Vernon Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,396 living square feet and 7,144 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: EXCELLENT INVESTMENT OPPORTUNITY !!! R4 ZONING. 3 bed+2 bath+ Den, 2 bed+1 bath, 5 parking, Beautifully remodeled New kitchen, new counter tops, new flooring, new paint inside and outside, refrigerator, and stove. inside washer dryer. Auto gated parking. Minutes from USC, downtown, and KIPP Academy. Major FWY, Shopping center. Property is in great condition.

Listed by Bong Sook Sung | BRE #01791678 | RE/MAX Mega Group
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
7,144
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19447426
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $62,340
  • Improvements Total: $129,778
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 1126 W Vernon Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Security Features: Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5017017004
Location / Neighborhood
Location Information
  • Directions: Between Vermont and Normandie on Vernon ave
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Sale History for 1126 W Vernon Ave

Last sold for $729,000 on June 13th, 2019
  • June, 2019

  • Jun 14, 2019

    Date

    Sold

    CRMLS: 19447426

    $729,000

    Price

  • May 24, 2019

    Date

    Active Under Contract

    CRMLS: 19447426

    $729,000

    Price

  • May 24, 2019

    Date

    Active

    CRMLS: 19447426

    $729,000

    Price

  • Apr 24, 2019

    Date

    Active Under Contract

    CRMLS: 19447426

    $729,000

    Price

  • Mar 25, 2019

    Date

    Active

    CRMLS: 19447426

    $729,000

    Price

  • June, 2019

  • Jun 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $729,000

    Price

  • January, 2019

  • Jan 7, 2019

    Date

    Sold (Public Records)

    Public Records

    $560,000

    Price

  • December, 2018

  • Dec 5, 2018

    Date

    Sold

    CRMLS: DW18208846

    $560,000

    Price

  • Oct 19, 2018

    Date

    Pending

    CRMLS: DW18208846

    $560,000

    Price

  • Sep 18, 2018

    Date

    Price Change

    CRMLS: DW18208846

    $560,000

    Price

  • Aug 27, 2018

    Date

    Active

    CRMLS: DW18208846

    $600,000

    Price

  • Listing provided courtesy of CRMLS

    THIS PROPERTY WILL BE DELIVERED VACANT & IN AS-IS CONDITION! R4 LOT OVER 7000 SQFT!! THIS IS A PERFECT OPPORTUNITY FOR FIRST TIME HOME BUYERS TO LIVE IN ONE AND RENT OUT THE OTHER! ALSO A GREAT OPPORTUNITY FOR INVESTORS TO COLLECT TOP MARKET RENTS! THIS PROPERTY IS ONLY A FEW MINUTES AWAY FROM USC, MAJOR FREEWAYS, AND SHOPPING CENTERS! PROPERTY IS IN GREAT CONDITION AND READY TO BE OCCUPIED BY ITS NEW OWNER! BOTTOM UNIT CONSISTS OF 3 BEDROOMS AND 2 BATHS! TOP UNIT CONSISTS OF 2 BEDROOMS AND 1 BATH!

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Tax History for 1126 W Vernon Ave

Assessed Value (2020): $743,580
Year Land Value Improved Value Assessed Value
2020 $510,000 $233,580 $743,580

Home Value Compared to the Market

This property vs the competition

1126 W Vernon Ave sold on June 13, 2019 for 38.74% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $304.26 per/sqft which puts the price per square foot 59.7% lower than the current median sale per square foot for the city of Los Angeles.

About 1126 W Vernon Ave

Detailed summary of property

1126 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 2,396 living square feet, and sits on an approximately 7,144 square foot lot. 1126 W Vernon Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $729,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 38.74% lower than the current median priced home. Local homes that are currently for sale include 1270 Exposition Blvd, 1054 W 58th Pl and 1362 W 37th Dr. While the average home in Los Angeles, CA is selling in 94 days, 1126 W Vernon Ave has a days on market of 60 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1126 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 1126 W Vernon Ave

Public county record property details
Beds
5
Baths
2
Year built
1907
Sq. Ft.
2,396
Lot Size
7,144
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5017-017-004

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.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), 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.