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1552 W Vernon Ave, Los Angeles, CA 90062
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1552 W Vernon Ave Los Angeles, CA 90062

$920,000
  • 6 Beds
  • 3 Baths
  • 1,774 Sq.Ft.
For Sale
$920,000 Get Pre-Qualified
Map preview of 1552 W Vernon Ave, Los Angeles, CA 90062

Property Overview: 1552 W Vernon Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,774 living square feet and 5,874 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 1552 W Vernon Ave, a duplex gem in Los Angeles, CA. This property features a front house with 2 bedrooms plus an office and 1 bath and a back unit with 2 bedrooms and 1 bath, both units will be delivered vacant. Extensively updated with a new roof, windows, plumbing, electrical wiring and panels, this home shines with fresh paint inside and out. Inside, you'll find new flooring, kitchen cabinets, countertops, and bathrooms. One unit offers central A/C, while the other has a mini-split system. Property is fully landscaped with sprinkler system and a new fully concrete paved driveway for plenty of parking. This property features a big lot and zoning for a potential third unit, this property presents a prime investment opportunity. Conveniently located near major freeways, It's perfect to live in one and rent the other or keep long term as a cash flowing property.

Listed by Raul Herrera | BRE #02043227 | eXp Realty of California Inc
Last checked: 2 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
5,874
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24377895
City
Los Angeles
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • 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: $2,850
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.7
  • Gross Scheduled Income: --
  • Net Operating Income: $50,000
  • Gross Operating Income: $55,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $100
  • Water/Sewer: $150

Open Houses for 1552 W Vernon Ave

Saturday, May 4th: 12:00pm-4:00pm
Sunday, May 5th: 2:00pm-5:00pm
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Property Details for 1552 W Vernon Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Street, Private
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5016003005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Harbor Freeway via W Vernon Ave. Head west on W Vernon Ave toward S Flower St. The property will be on the left.
View more facts & features

Local Los Angeles Agent

Sale History for 1552 W Vernon Ave

Last sold for $85,000 on October 1st, 1986

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: 24377895

    $920,000

    Price

  • October, 1986

  • Oct 1, 1986

    Date

    Sold (Public Records)

    Public Records

    $85,000

    Price

Show More

Tax History for 1552 W Vernon Ave

Assessed Value (2020): $151,711
Year Land Value Improved Value Assessed Value
2020 $98,169 $53,542 $151,711

Home Value Compared to the Market

This property vs the competition

1552 W Vernon Ave is listed 24.9% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $518.6 per/sqft which puts the price per square foot 33% lower than the median price per square foot for the city of Los Angeles.

About 1552 W Vernon Ave

Detailed summary of property

1552 W Vernon Ave is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 1,774 living square feet, and sits on an approximately 5,874 square foot lot. 1552 W Vernon Ave was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $920,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24.9% lower than the median priced home. Local competing homes currently for sale include 1627 Leighton Ave, 5302 S Manhattan Pl and 4712 S Budlong Ave. While the average home in Los Angeles, CA is selling in 96 days, 1552 W Vernon Ave has a days on market of 17 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 1552 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 1552 W Vernon Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
1,774
Lot Size
5,873
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5016-003-005

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
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 1552 W Vernon Ave

1551 W Vernon Ave, Los Angeles, CA 90062
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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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