1226 W Vernon Ave, Los Angeles, CA 90037
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1226 W Vernon Ave Los Angeles, CA 90037

$995,000
  • 6 Beds
  • 3 Baths
  • 2,559 Sq.Ft.
Pending
$995,000 Get Pre-Qualified

Map preview of 1226 W Vernon Ave, Los Angeles, CA 90037

Property Overview: 1226 W Vernon Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,559 living square feet and 6,574 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Introducing an exceptional real estate opportunity in Los Angeles: a dual-unit property perfect for homeowners and investors alike. Situated on one lot, this property features two beautifully remodeled homes. The front house is a spacious two-story residence with 4 bedrooms and 2 bathrooms. The recently remodeled bathrooms showcase stunning tile designs and high-quality fixtures, creating a luxurious feel. The heart of the home, the kitchen, is equipped with quartz countertops and walls, brand new kitchen cabinets, and modern appliances, offering both style and functionality. The entire house is upgraded with new vinyl flooring, fresh paint inside and out, new windows, elegant light fixtures, and modern doors. The thoughtful layout includes one bedroom and one bathroom on the main floor, ideal for guests or multi-generational living. The back house is a charming 2-bedroom, 1-bath home, also completely remodeled. It features a sleek new kitchen with quartz countertops and brand new cabinets, ensuring a modern and cohesive design throughout. New windows, fresh paint, and a mini-split system for both heating and cooling provide comfort and efficiency year-round. Located in a prime area near downtown LA, the Coliseum, the soccer stadium, and UC university, this property is surrounded by ongoing infrastructure investments, making it a promising investment. Enjoy the convenience of being close to many amenities while living in a beautifully upgraded home. Don't miss this unique opportunity to own a versatile and stylish property in one of Los Angeles' most desirable locations!

Listed by Martin Gonzalez | BRE #01204139 | Realty Executives All Cities
Last checked: 5 minutes ago | Last updated: September 8th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,574
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Duplex
Status
Pending
MLS#
RS24125602
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,800
  • Net Operating Income: $62,160
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $26,640
  • New Taxes: $12,860
  • Trash: $2,200
  • Gardener: $1,200
  • Insurance: $5,000
  • Water/Sewer: $3,600

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Property Details for 1226 W Vernon Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • Central, See Remarks
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5017016006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: East of Normandie
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1226 W Vernon Ave

Last sold for $720,000 on May 20th, 2024
  • September, 2024

  • Sep 4, 2024

    Date

    Pending

    CRMLS: RS24125602

    $995,000

    Price

  • Aug 24, 2024

    Date

    Active

    CRMLS: RS24125602

    $995,000

    Price

  • May, 2024

  • May 20, 2024

    Date

    Sold

    CRMLS: RS24022171

    $720,000

    Price

  • Jan 30, 2024

    Date

    Active

    CRMLS: RS24022171

    $760,000

    Price

  • Listing provided courtesy of CRMLS

    Ok. Come get it. Fell out of escrow. This is a great fixer with income. Two separate buildings on a large lot. Large 4 Bedroom 2 Bathroom in the front. 1 Bedroom, 1 bath in the rear. Needs work. This is the perfect owner/owner property. FHA 203K renovation laon should do the trick. Only 3.5% down. Large backyard. Close to downtown, shopping and transportation. Property profile shows a 5 bedroom, 2 bath. Please do your own research concerning permits and everything else. Long driveway for multiple cars. Showing is subject to interior inspection. Property is priced to sell. Let's Go!! Contact me with any questions.

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Tax History for 1226 W Vernon Ave

Assessed Value (2020): $257,481
Year Land Value Improved Value Assessed Value
2020 $155,750 $101,731 $257,481

Home Value Compared to the Market

This property vs the competition

1226 W Vernon Ave is listed 17.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $388.82 per/sqft which puts the price per square foot 49.37% lower than the median price per square foot for the city of Los Angeles.

About 1226 W Vernon Ave

Detailed summary of property

1226 W Vernon Ave is a duplex located in Los Angeles, CA 90037 and is currently in escrow to be sold. This duplex offers 6 bedrooms, 3 bathrooms, roughly 2,559 living square feet, and sits on an approximately 6,574 square foot lot. 1226 W Vernon Ave was first listed on ArdentRealEstateGroup.com on August 20, 2024. The homeowner is currently asking $995,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 17.08% lower than the median priced home. Local competing homes currently for sale include 916 W 53rd W St, 1519 W 54th St and 1036 W 55th St. While the average home in Los Angeles, CA is selling in 106 days, 1226 W Vernon Ave has a days on market of 10 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1226 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 1226 W Vernon Ave

Public county record property details
Beds
5
Baths
2
Year built
1926
Sq. Ft.
2,559
Lot Size
6,571
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5017-016-006

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), 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.