Search
1474 W Vernon Ave, Los Angeles, CA 90062
Image 2 for 1474 W Vernon Ave, Los Angeles, CA 90062
Image 3 for 1474 W Vernon Ave, Los Angeles, CA 90062
View Photos

1474 W Vernon Ave Los Angeles, CA 90062

$890,000 Sold Price as of 08/16/2024
  • 5 Beds
  • 3 Baths
  • 2,263 Sq.Ft.
Sold
$890,000 Sold Price as of 08/16/2024 Refinance Your Mortgage
Map preview of 1474 W Vernon Ave, Los Angeles, CA 90062

Property Overview: 1474 W Vernon Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,263 living square feet and 5,719 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2 Units VACANT! Upstairs 2 bedroom VACANT and the downstairs 2 bedroom has signed a cash for keys agreement. Unit will be vacant in July!! 1 bedroom pays $1835 and would like to stay. Property has been fumigated, has appraised and is ready for a new owner. Motivated seller. NACA and FHA approved building. S8 rent in the area are 3050 for 2 bedrooms and 2400 for 1 beds.

Listed by William Creed | BRE #01880695 | Clement Partners Real Estate
Co-listed by Jordan Peikin | BRE #02015987 | Jordan Peikin
Last checked: 12 minutes ago | Last updated: August 17th, 2024 | Source CRMLS | DOM: 195

Home details

Lot Sq. Ft
5,719
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23307301
City
Los Angeles
County
Los Angeles
Time on Site
378 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $1,835
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.5
  • Gross Scheduled Income: --
  • Net Operating Income: $24,000
  • Gross Operating Income: $79,020
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1474 W Vernon Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5016002003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East down Vernon on the West Side of the street
View more facts & features

Local Los Angeles Agent

Sale History for 1474 W Vernon Ave

Last sold for $890,000 on August 16th, 2024

  • August, 2024

  • Aug 16, 2024

    Date

    Sold

    CRMLS: 23307301

    $890,000

    Price

  • Sep 3, 2023

    Date

    Active

    CRMLS: 23307301

    $999,995

    Price

  • August, 2023

  • Aug 21, 2023

    Date

    Expired

    CRMLS: 23243301

    $975,000

    Price

  • Feb 20, 2023

    Date

    Active

    CRMLS: 23243301

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated seller! Turnkey triplex in the heart of up and coming Exposition Park. Just several minutes away from USC, the LA Memorial Coliseum, and the upcoming George Lucas Museum, this fully remodeled triplex is fully occupied and is collecting full rents. An architectural craftsman with spacious units and beautiful new landscaping. Ample on-site parking with room for a possible ADU. Units are on the RUBS program, meaning the tenants pay the majority of the water expense...no unit utilities paid by owner! Owned coin operated laundry on-site for additional income. Live in one unit and rent out the others, or add this excellent investment property to your portfolio. Don't miss this opportunity!

  • February, 2023

  • Feb 20, 2023

    Date

    Canceled

    CRMLS: 22226329

    $1,077,000

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: 22226329

    $1,110,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated seller! Turnkey triplex in the heart of up and coming Exposition Park. Just several minutes away from USC, the LA Memorial Coliseum, and the upcoming George Lucas Museum, this fully remodeled triplex is fully occupied and is collecting full rents. An architectural craftsman with spacious units and beautiful new landscaping. Ample on-site parking with room for a possible ADU. Units are on the RUBS program, meaning the tenants pay the majority of the water expense...no unit utilities paid by owner! Owned coin operated laundry on-site for additional income. Live in one unit and rent out the others, or add this excellent investment property to your portfolio. Don't miss this opportunity!

  • October, 2022

  • Oct 1, 2022

    Date

    Expired

    CRMLS: 22198173

    $1,149,000

    Price

  • Sep 9, 2022

    Date

    Active

    CRMLS: 22198173

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated seller! Make an offer! Turn Key Triplex in the heart of Exposition Park. This triplex is collecting full rents and was remodeled in 2021. LARGE spacious units. Beautiful landscaping. LA's most up and coming neighborhood. Don't miss this opportunity. Units are RUBS which means the tenant pay the water! No unit utilities paid by owner! Coin operated laundry on site for additional income. ADU potential!

  • September, 2022

  • Sep 9, 2022

    Date

    Expired

    CRMLS: 22187437

    $1,165,000

    Price

  • Aug 8, 2022

    Date

    Active

    CRMLS: 22187437

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated seller! Make an offer! Turn Key Triplex in the heart of Exposition Park. This triplex is collecting full rents and was remodeled in 2021. LARGE spacious units. Beautiful landscaping. LA's most up and coming neighborhood. Don't miss this opportunity. Units are RUBS which means the tenant pay the water! No unit utilities paid by owner! Coin operated laundry on site for additional income. ADU potential!

  • March, 2021

  • Mar 12, 2021

    Date

    Sold

    CRMLS: DW20191786

    $620,000

    Price

  • Jan 25, 2021

    Date

    Pending

    CRMLS: DW20191786

    $619,999

    Price

  • Sep 15, 2020

    Date

    Active

    CRMLS: DW20191786

    $619,999

    Price

  • Listing provided courtesy of CRMLS

    Amazing Triplex only 10 min from USC and 15 min from beautiful Down Town Los Angeles. This property is addressed as 1474, 1478, and 1478 1/2. This multi-residential building consists of 2 units with 2 bedrooms and 1 bath each and 1 unit with 1 bedroom 1 bath. The upstairs unit is 1474 and has 2 bedrooms and 1 bath. The downstairs 2 bedroom unit is address 1478 and has its own private laundry room. The downstairs unit to the right-hand side of the building is addressed 1478 1/2 and consists of 1 bedroom and 1 bathroom that has been remodeled and ready to occupy. Good size front yard and large back yard with easy alley access for parking up to 6 cars. 3 individual gas meters and 3 separate electric meters. There are also 3 separate hot water heaters on the property.

  • July, 2014

  • Jul 30, 2014

    Date

    Sold (Public Records)

    Public Records

    $315,000

    Price

  • July, 2014

  • Jul 30, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1474 W Vernon Ave

Assessed Value (2020): $346,161
Year Land Value Improved Value Assessed Value
2020 $208,796 $137,365 $346,161

Home Value Compared to the Market

This property vs the competition

1474 W Vernon Ave sold on August 16, 2024 for 17.86% lower 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 $406.54 per/sqft which puts the price per square foot 43.85% lower than the current median sale per square foot for the city of Los Angeles.

About 1474 W Vernon Ave

Detailed summary of property

1474 W Vernon Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,263 living square feet, and sits on an approximately 5,719 square foot lot. 1474 W Vernon Ave was first listed on ArdentRealEstateGroup.com on September 7, 2023. The homeowner sold the property for $890,000. 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 17.86% lower than the current median priced home. Local homes that are currently for sale include 1722 Leighton Ave, 4610 Cimarron St and 872 W 42nd Pl. While the average home in Los Angeles, CA is selling in 106 days, 1474 W Vernon Ave has a days on market of 195 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 1474 W Vernon Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1474 W Vernon Ave

Public county record property details
Beds
5
Baths
4
Year built
1911
Sq. Ft.
2,063
Lot Size
5,719
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5016-002-003

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

Thinking of Selling?

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

Homes for Sale Near 1474 W Vernon Ave

Nearby Homes for Sale

4815 S Normandie Ave, Los Angeles, CA 90037
$850,000
5 Beds
3 Baths
2208 Sq.Ft.
4815 S Normandie Ave
Los Angeles, CA 90037
4112 Dalton Ave, Los Angeles, CA 90062
$990,000
30 Beds
15 Baths
3558 Sq.Ft.
4112 Dalton Ave
Los Angeles, CA 90062
4100 Denker Ave, Los Angeles, CA 90062
$1,050,000
5 Beds
3 Baths
2833 Sq.Ft.
4100 Denker Ave
Los Angeles, CA 90062
1500 W 50th St, Los Angeles, CA 90062
$815,000
6 Beds
3 Baths
2047 Sq.Ft.
1500 W 50th St
Los Angeles, CA 90062
1632 W 52nd St, Los Angeles, CA 90062
$849,000
7 Beds
3 Baths
1933 Sq.Ft.
1632 W 52nd St
Los Angeles, CA 90062
1519 W 54th St, Los Angeles, CA 90062
$798,000
4 Beds
2 Baths
1950 Sq.Ft.
1519 W 54th St
Los Angeles, CA 90062
1732 W 51st St, Los Angeles, CA 90062
$720,000
6 Beds
3 Baths
1646 Sq.Ft.
1732 W 51st St
Los Angeles, CA 90062
1526 W 54th St, Los Angeles, CA 90062
$798,000
4 Beds
4 Baths
1977 Sq.Ft.
1526 W 54th St
Los Angeles, CA 90062
3918 Halldale Ave, Los Angeles, CA 90062
$825,000
6 Beds
0 Baths
1400 Sq.Ft.
3918 Halldale Ave
Los Angeles, CA 90062
5166 S Manhattan Pl, Los Angeles, CA 90062
$739,000
2 Beds
2 Baths
1456 Sq.Ft.
5166 S Manhattan Pl
Los Angeles, CA 90062
5302 S Manhattan Pl, Los Angeles, CA 90062
$989,888
5 Beds
3 Baths
2612 Sq.Ft.
5302 S Manhattan Pl
Los Angeles, CA 90062
5162 Ruthelen St, Los Angeles, CA 90062
$939,000
4 Beds
3 Baths
2428 Sq.Ft.
5162 Ruthelen St
Los Angeles, CA 90062

Recently Sold Homes Near 1474 W Vernon Ave

1467 W Vernon Ave, Los Angeles, CA 90062
$905,000 Last Sold Price
4 Beds
4 Baths
3372 Sq.Ft.
1467 W Vernon Ave
Los Angeles, CA 90062
1471 W Vernon Ave, Los Angeles, CA 90062
$815,000 Last Sold Price
6 Beds
4 Baths
3911 Sq.Ft.
1471 W Vernon Ave
Los Angeles, CA 90062
4274 Dalton Ave, Los Angeles, CA 90062
$630,000 Last Sold Price
7 Beds
4 Baths
1715 Sq.Ft.
4274 Dalton Ave
Los Angeles, CA 90062
4323 Denker Ave, Los Angeles, CA 90062
$869,000 Last Sold Price
5 Beds
3 Baths
1626 Sq.Ft.
4323 Denker Ave
Los Angeles, CA 90062

Related Resources to 1474 W Vernon Ave

New Listings in 90062
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