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1348 E Vernon Ave, Los Angeles, CA 90011
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1348 E Vernon Ave Los Angeles, CA 90011

$1,975,000 Sold Price as of 05/25/2023
  • 17 Beds
  • 12 Baths
  • 5,927 Sq.Ft.
Sold
$1,975,000 Sold Price as of 05/25/2023 Refinance Your Mortgage
Map preview of 1348 E Vernon Ave, Los Angeles, CA 90011

Property Overview: 1348 E Vernon Ave Los Angeles, CA has 17 bedrooms, 12 bathrooms, 5,927 living square feet and 5,997 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LAJOMA PROPERTIES IS PROUND TO BRING YOU THIS BEAUTIFUL NEW CONSTRUCTION LUXURIOUS CONTEMPORARY QUA-DUPLEX, THIS IS TWO SEPARATE BUILDINGS, FRONT BUILDING IS TWO STORIES, WITH TWO UNITS 3/BEDS 2/BATHS EACH UNIT, BACK BUILDING IS A TRI-LEVEL SIDE BY SIDE UNITS, 1-UNIT IS 4/BEDS 3/BATHS AND 7/BEDS 5/BATHS, UNITS HAVE ONE OF LA's BEST FLOOR PLAN LAYOUT, TOWNHOME STYLE UNITS WITH ALL EN-SUITE BATHROOMS, MASTER BEDROOMS IN ALL UNITS, AMPLE WINDOWS FOR NATURAL SUN LIGHT, WALK-IN CLOSETS, CUSTOM WINDOW BLINDS, STAINLESS STEEL APPLIANCES, TWO-TONE INTERIOR PAINT, LOW VOLTAGE LED LIGHTING FOR ENERGY SAVINGS, LAUNDRY ROOMS IN ALL UNITS, TANKLESS WATER HEATERS FOR INSTANT HOT WATER THROUGHOUT EACH UNIT, ALL UNITS COME WITH ENERGY SAVINGS HVAC, PLENTY OF PARKING WITH DECORATIVE PAVERS, ATTACHED GARAGE, AUTOAMTIC GATE OPENER, THIS IS A VERY GOOD LOOKING PROPERTY, VERY EASY TO RENT, ALL UNITS ARE INDIVUAL METERED, EV CONNECTION AVAILIBLE ON GARAGE, OVER ALL THIS IS A SELF SUSTAINBLE PROPERTY WITH VERY LOW MAINTENCE COST, LOW DROUTH TOLORENT LANDSACAPING, SOLAR PANLES INCLUDED, VERY EASY BUILDING TO RENT, CENTRALLY LOCATED NEAR BY DTLA, HP, VERNON AND ALL MAJOR PUBLIC TRANSPORTATION, A LOT OF SPACE FOR COMFORT LIVING, THIS IS A NO RENT CONTROL BUIDLNG, ALSO HAS ADU POTENTIAL, VERY HIGH DEMAND FOR RENTAL PROPERTIES, NO SB-8 ON THIS PROPERTY.

Listed by Joe Vivanco | BRE #01218901 | Keller Williams - Downtown LA
Last checked: 2 minutes ago | Last updated: July 2nd, 2023 | Source CRMLS | DOM: 198

Home details

Lot Sq. Ft
5,997
HOA Dues
$0/mo
Year built
2022
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW22209764
City
Los Angeles
County
Los Angeles
Time on Site
732 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $211,200
  • Net Operating Income: $187,200
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
  • Improvements Total: $0
Annual Expense Breakdown
  • Total Operating Expense: $33,000
  • Electric: $300
  • Gas/Fuel: $0
  • Licenses: $120
  • New Taxes: $26,180
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $2,200
  • Maintenance: $1,500
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1348 E Vernon Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, ENERGY STAR Qualified Equipment, Gas
Heating Information
  • Has Heating
  • Central, ENERGY STAR Qualified Equipment
Laundry Information
  • Has Laundry
  • Dryer Included, Gas & Electric Dryer Hookup, In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
Kitchen Information
  • Has Appliances
  • Gas Range, Tankless Water Heater
Interior Features
  • 2 Staircases
  • Levels: Two, Three Or More
  • Window Features: Custom Covering, ENERGY STAR Qualified Windows
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5107003007
  • Year Built Source: Builder
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: East on Vernon Ave, West of Hooper
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1348 E Vernon Ave

Last leased for $6,600 on July 1st, 2023

  • July, 2023

  • Jul 1, 2023

    Date

    Leased

    CRMLS: 23275667

    $6,600

    Price

  • Jun 4, 2023

    Date

    Active

    CRMLS: 23275667

    $6,700

    Price

  • Listing provided courtesy of CRMLS

    Beautiful newly renovated townhome style apartments in the heart of Los Angeles and near USC! This charming 7 bed/5 bath tri-level duplex includes a private gated entry with tandem parking, automatic gate opener, in-unit washer/dryer, central ac/heating, walk-in closets, custom window blinds, en- suite bathrooms, attached garage, automatic gate opener, energy saving HVAC, stainless steel appliances, tankless water heaters, solar panels, and ample windows for plenty of sunlight. With easy access to public transportation, shopping, and dining, this is the perfect place to call home. Very easy rental process with low maintenance. Accepts Section 8 applicants.

  • July, 2023

  • Jul 1, 2023

    Date

    Leased

    CRMLS: 23275917

    $3,500

    Price

  • Jun 4, 2023

    Date

    Active

    CRMLS: 23275917

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Beautiful newly renovated townhome style apartments in the heart of Los Angeles and near USC! This charming 3 bed/2 bath two-level duplex includes a private gated entry with tandem parking, automatic gate opener, in-unit washer/dryer, central ac/heating, walk-in closets, custom window blinds, en- suite bathrooms, attached garage, automatic gate opener, energy saving HVAC, stainless steel appliances, tankless water heaters, solar panels, and ample windows for plenty of sunlight. With easy access to public transportation, shopping, and dining, this is the perfect place to call home. Very easy rental process with low maintenance. Accepts Section 8 applicants.

  • May, 2023

  • May 25, 2023

    Date

    Sold

    CRMLS: DW22209764

    $1,975,000

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: DW22209764

    $2,500,000

    Price

  • April, 2021

  • Apr 16, 2021

    Date

    Sold

    CRMLS: DW21045931

    $500,000

    Price

  • Mar 13, 2021

    Date

    Pending

    CRMLS: DW21045931

    $459,999

    Price

  • Mar 5, 2021

    Date

    Active

    CRMLS: DW21045931

    $459,999

    Price

  • Listing provided courtesy of CRMLS

    Diamond In a rough!! This home has not been for sale for over 50 years!! Perfect location close to downtown Los Angeles, Bring your paint brush make this your dram home!!

  • August, 1993

  • Aug 27, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1348 E Vernon Ave

Assessed Value (2020): $180,342
Year Land Value Improved Value Assessed Value
2020 $83,209 $97,133 $180,342

Home Value Compared to the Market

This property vs the competition

1348 E Vernon Ave sold on May 25, 2023 for 96.43% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $371.18 per/sqft which puts the price per square foot 48.73% lower than the current median sale per square foot for the city of Los Angeles.

About 1348 E Vernon Ave

Detailed summary of property

1348 E Vernon Ave is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 17 bedrooms, 12 bathrooms, roughly 5,927 living square feet, and sits on an approximately 5,997 square foot lot. 1348 E Vernon Ave was first listed on ArdentRealEstateGroup.com on September 27, 2022. The homeowner sold the property for $1,975,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 96.43% higher than the current median priced home. Local homes that are currently for sale include 8708 S Central Ave, 932 W 66th St and 8418 S Main St. While the average home in Los Angeles, CA is selling in 106 days, 1348 E Vernon Ave has a days on market of 198 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1348 E Vernon Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1348 E Vernon Ave

Public county record property details
Beds
4
Baths
2
Year built
1905
Sq. Ft.
1,625
Lot Size
5,996
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5107-003-007

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1348 E Vernon Ave

1383 E Vernon Ave, Los Angeles, CA 90011
$640,000 Last Sold Price
0 Beds
0 Baths
2322 Sq.Ft.
1383 E Vernon Ave
Los Angeles, CA 90011
1344 E 43rd Pl, Los Angeles, CA 90011
$460,000 Last Sold Price
2 Beds
3 Baths
1437 Sq.Ft.
1344 E 43rd Pl
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1375 E 46th St, Los Angeles, CA 90011
$720,000 Last Sold Price
4 Beds
1 Baths
1803 Sq.Ft.
1375 E 46th St
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1259 E Vernon Ave, Los Angeles, CA 90011
$555,000 Last Sold Price
4 Beds
3 Baths
2086 Sq.Ft.
1259 E Vernon Ave
Los Angeles, CA 90011

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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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