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1496 W Vernon Ave, Los Angeles, CA 90062
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1496 W Vernon Ave Los Angeles, CA 90062

$742,000
  • 6 Beds
  • 3 Baths
  • 2,107 Sq.Ft.
For Sale
$742,000 Get Pre-Qualified
Map preview of 1496 W Vernon Ave, Los Angeles, CA 90062

Property Overview: 1496 W Vernon Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,107 living square feet and 5,474 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: Welcome to 1496 West Vernon Ave, a fantastic opportunity in the heart of Los Angeles. This well maintained duplex offers two spacious units, each with its own unique charm. Unit 1 features 4 bedroom and 2 bathroom, providing ample space for a growing family. The open floor plan and well design layout make it comfortable and inviting living space. The unit has been meticulously cared. Unit 2 offer 2 bedroom and 1 bathroom, making it an excellent choice and a cozy and manageable living space. The property's location is a standout feature, as it is conveniently situated in a sought-after neighborhood of Los Angeles. Residents enjoy easy access to schools, shopping, dining and public transportation, making it an attractive option. With ample parking space available on the property, you will appreciate the convenience adding to the property's overall appeal, offering an opportunity for an investor looking for a turnkey investment. Don't miss out on this exceptional property in Los Angeles and explore the potential of this duplex as a valuable addition to your real estate portfolio.

Listed by Jack Harriman | BRE #01204794 | Coldwell Banker Realty
Last checked: 6 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 351
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Home details

Lot Sq. Ft
5,474
HOA Dues
$0/mo
Year built
1927
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
AR23068910
City
Los Angeles
County
Los Angeles
Time on Site
327 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $2,605
  • Total Rent: $2,709
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,540
  • Total Rent: $1,601
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.3
  • Gross Scheduled Income: $4,311
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,510
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 1496 W Vernon Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Dryer Included
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5016002026
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Between Western Ave and Normandie Ave On Vernon.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1496 W Vernon Ave

Last sold for $564,000 on January 26th, 2017

  • May, 2023

  • May 9, 2023

    Date

    Active

    CRMLS: AR23068910

    $875,000

    Price

  • January, 2017

  • Jan 26, 2017

    Date

    Sold (Public Records)

    Public Records

    $564,000

    Price

  • January, 2015

  • Jan 30, 2015

    Date

    Price Change

    CRMLS: 15825189

    $549,000

    Price

  • Listing provided courtesy of CRMLS

    MUST SEE!!! Totally renovated DUPLEX on Vernon Avenue with 6.43 CAP rate!!! 2 separate buildings with privacy: front unit (4BR+2BA, $2369/mo) has 4 car side-by-side gated parking in the front & rear unit (2BR+1BA, $1,390/mo) has 3 car gated parking off the alley. Both units were beautifully renovated with hardwood flooring, new kitchen, new bathrooms, roof, A/C, paint, etc. Low & easy maintenance for the owner: paved yards and separate water/gas/electric meters (no utility expense for the owner). Drive-by only: shown with the written offer.

  • August, 2013

  • Aug 29, 2013

    Date

    Sold (Public Records)

    Public Records

    $365,000

    Price

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Tax History for 1496 W Vernon Ave

Assessed Value (2020): $598,520
Year Land Value Improved Value Assessed Value
2020 $478,816 $119,704 $598,520

Home Value Compared to the Market

This property vs the competition

1496 W Vernon Ave is listed 40.59% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $352.16 per/sqft which puts the price per square foot 54.38% lower than the median price per square foot for the city of Los Angeles.

About 1496 W Vernon Ave

Detailed summary of property

1496 W Vernon Ave is a duplex located in Los Angeles, CA 90062 and is currently for sale. This duplex offers 6 bedrooms, 3 bathrooms, roughly 2,107 living square feet, and sits on an approximately 5,474 square foot lot. 1496 W Vernon Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner is currently asking $742,000 and was originally asking $875,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 40.59% lower than the median priced home. Local competing homes currently for sale include 1201 W 54th St, 1201 W 54th St and 919 W. 41st Drive. While the average home in Los Angeles, CA is selling in 97 days, 1496 W Vernon Ave has a days on market of 351 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1496 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 1496 W Vernon Ave

Public county record property details
Beds
5
Baths
2
Year built
1927
Sq. Ft.
2,107
Lot Size
5,474
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5016-002-026

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
$849,900
Median List Price/Sq.Ft.
$574
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$589
Total Inventory
32
Median Sale to List Price %
98.18%
Avg Days on Market
59
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

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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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