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

$1,185,000 Sold Price as of 07/15/2021
  • 8 Beds
  • 6 Baths
  • 3,116 Sq.Ft.
Sold
$1,185,000 Sold Price as of 07/15/2021 Refinance Your Mortgage
Map preview of 153 W Vernon Ave, Los Angeles, CA 90037

Property Overview: 153 W Vernon Ave Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,116 living square feet and 5,006 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to this beautiful five unit investor's dream near Downtown L.A. The front building features a 3 Bedroom/2 Bath Unit, a 2 Bedroom/Den/1 Bath Unit and a 1 Bedroom/1 Bath Unit and the duplex in the back has two 1 Bedroom/1 Bath Units. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The tenants are great and they pay on time. The units require very little maintenance and have a high rent potential. There are separate meters for gas and electricity and tenants pay for trash. This building is close to shops, restaurants and public transportation and is located near Exposition Park and The California Science Center, Grand Central Market, USC, Staples Center, Dodger Stadium and The Colosseum which provides a great opportunity to get into a high income producing building before the 2028 Summer Olympics come to Los Angeles. Please do not disturb the tenants. All offers subject to interior inspection.

Listed by Deborah Perkins | BRE #01117746 | Corcoran Global Living
Last checked: 10 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,006
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21736740
City
Los Angeles
County
Los Angeles
Time on Site
1071 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,345
  • Total Rent: $2,345
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,173
  • Total Rent: $1,173
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $887
  • Total Rent: $887
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.9
  • Gross Scheduled Income: --
  • Net Operating Income: $70,800
  • Gross Operating Income: $89,700
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $10,000
  • Insurance: $2,400
  • Water/Sewer: $6,000

Property Details for 153 W Vernon Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Tile, Laminate
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 5
  • Parcel Number: 5111011024
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: East of Broadway, West of Main St, South of Martin Luther King Jr. Blvd, North of Slauson
View more facts & features

Local Los Angeles Agent

Sale History for 153 W Vernon Ave

Last sold for $1,185,000 on July 15th, 2021

  • July, 2021

  • Jul 17, 2021

    Date

    Sold

    CRMLS: 21736740

    $1,185,000

    Price

  • Jun 7, 2021

    Date

    Active Under Contract

    CRMLS: 21736740

    $1,250,000

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: 21736740

    $1,250,000

    Price

  • December, 2020

  • Dec 19, 2020

    Date

    Sold

    CRMLS: 20604668

    $1,050,000

    Price

  • Dec 15, 2020

    Date

    Pending

    CRMLS: 20604668

    $1,075,000

    Price

  • Nov 24, 2020

    Date

    Active Under Contract

    CRMLS: 20604668

    $1,075,000

    Price

  • Jul 15, 2020

    Date

    Active

    CRMLS: 20604668

    $1,075,000

    Price

  • Listing provided courtesy of CRMLS

    FANTASTIC INVESTMENT with excellent cash flow in Opportunity Zone near Downtown Los Angeles! This charming updated Craftsman style five-unit property consists of two structures, two-story front building with three units and a detached single story duplex in the back. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides excellent cash flow with additional 15% upside potential in rents and very low maintenance. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The 3+2 remodeled unit has laundry inside. The property is located in fast growing neighborhood of Downtown Los Angeles Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and it has easy access to all major freeways. All units are tenant occupied, NO vacancies. Drive by only, offers subject to interior inspection. Please do not disturb the tenants.

  • December, 2020

  • Dec 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

  • February, 2019

  • Feb 28, 2019

    Date

    Expired

    CRMLS: 18381946

    $959,000

    Price

  • Dec 4, 2018

    Date

    Withdrawn

    CRMLS: 18381946

    $959,000

    Price

  • Oct 8, 2018

    Date

    Price Change

    CRMLS: 18381946

    $959,000

    Price

  • Sep 4, 2018

    Date

    Active

    CRMLS: 18381946

    $985,000

    Price

  • Listing provided courtesy of CRMLS

    THE LISTING IS TEMPORARILY OFF THE MARKET.

  • June, 2018

  • Jun 6, 2018

    Date

    Sold

    CRMLS: 18313740

    $763,000

    Price

  • Apr 20, 2018

    Date

    Pending

    CRMLS: 18313740

    $799,000

    Price

  • Feb 14, 2018

    Date

    Active

    CRMLS: 18313740

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded 5-unit income property consists of 2 structures - 2-story front building with 3 units and a detached single story duplex in the back. It's well located on Vernon Avenue near Expo Line and 110 freeway. It provides good cash flow with huge almost 50% upside potential in rents and very low maintenance. The units have updated kitchen cabinets, flooring, bathroom tiles, appliances, some new windows, electrical and plumbing. It could also be purchased together with 965 W Vernon Ave, Los Angeles, CA 90037 - 4 units listed for $626,000. The property is located in fast growing neighborhood of South West Los Angeles near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and easy access to all major freeways. Drive by only, subject to interior inspection. Please do not disturb tenants.

  • June, 2018

  • Jun 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $763,000

    Price

Show More

Tax History for 153 W Vernon Ave

Assessed Value (2020): $793,825
Year Land Value Improved Value Assessed Value
2020 $468,180 $325,645 $793,825

Home Value Compared to the Market

This property vs the competition

153 W Vernon Ave sold on July 15, 2021 for 5.04% higher 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 $401.16 per/sqft which puts the price per square foot 46.87% lower than the current median sale per square foot for the city of Los Angeles.

About 153 W Vernon Ave

Detailed summary of property

153 W Vernon Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,116 living square feet, and sits on an approximately 5,006 square foot lot. 153 W Vernon Ave was first listed on ArdentRealEstateGroup.com on May 27, 2021. The homeowner sold the property for $1,185,000. 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 5.04% higher than the current median priced home. Local homes that are currently for sale include 828 W 41st St, 862 W 41st St and 961 W 47th St. While the average home in Los Angeles, CA is selling in 96 days, 153 W Vernon Ave has a days on market of 7 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 153 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 153 W Vernon Ave

Public county record property details
Beds
7
Baths
5
Year built
1921
Sq. Ft.
3,116
Lot Size
5,005
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
82
APN
5111-011-024

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
$725,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
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%)

Thinking of Selling?

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Recently Sold Homes Near 153 W Vernon Ave

167 W Vernon Ave, Los Angeles, CA 90037
$690,000 Last Sold Price
5 Beds
2 Baths
2024 Sq.Ft.
167 W Vernon Ave
Los Angeles, CA 90037
205 W Vernon Ave, Los Angeles, CA 90037
$1,030,000 Last Sold Price
4 Beds
7 Baths
3655 Sq.Ft.
205 W Vernon Ave
Los Angeles, CA 90037
116 W 45th St, Los Angeles, CA 90037
$633,000 Last Sold Price
6 Beds
5 Baths
3604 Sq.Ft.
116 W 45th St
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172 W 43rd St, Los Angeles, CA 90037
$640,000 Last Sold Price
5 Beds
4 Baths
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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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