1576 W Vernon Ave Los Angeles, CA 90062

$475,000 Sold Price as of 08/09/2019

-- Beds
-- Baths
2,710 Sq.Ft.

Off Market

$475,000 Sold Price as of 08/09/2019 Refinance Your Mortgage

Map preview of 1576 W Vernon Ave, Los Angeles, CA 90062

Property Overview: 1576 W Vernon Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,710 living square feet and 5,746 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1576 W Vernon Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 1576 W Vernon Ave

Last sold for $475,000 on August 9th, 2019

December, 2019
Dec 1, 2019

Date

Expired

CRMLS: 19472632

$749,000

Price
Jun 27, 2019

Date

Withdrawn

CRMLS: 19472632

$749,000

Price
Jun 25, 2019

Date

Active

CRMLS: 19472632

$749,000

Price
Jun 16, 2019

Date

Hold

CRMLS: 19472632

$749,000

Price
Jun 3, 2019

Date

Active

CRMLS: 19472632

$749,000

Price
Listing provided courtesy of CRMLS

DEVELOPMENT/INVESTOR OPPORTUNITY!! 1576 W Vernon is currently a mix-use property including a retail store in the front and a single-family residence in the back with a 3BR/1BA. The property sits on a desirable 5,746SF lot zoned LAC2 with a nice Tier 3 T.O.C in an Opportunity Zone. Giving a developer/ investor the opportunity to build up to 26 dwelling units. 1576 W Vernon Ave has a walk score of 70 (Very Walkable) and is only a few blocks from Western Ave and Normandie Ave. The property will be delivered vacant at the close of escrow.

Continue Reading
August, 2019
Aug 9, 2019

Date

Sold (Public Records)

Public Records

$475,000

Price
May, 2017
May 7, 2017

Date

Expired

CRMLS: 17202054

$475,000

Price
Feb 14, 2017

Date

Active

CRMLS: 17202054

$475,000

Price
Listing provided courtesy of CRMLS

PROBATE SALE. Mixed use property. Great opportunity for the business person. Live in the remodeled 4 bedroom house and work out of the store front. Or, lease both units in a highly desirable area. Minutes from downtown, and public transportation. Both units delivered vacant at C.O.E.Buyers to rely on their own investigations as to bedrooms, bath, square footage, etc. Drive by only. Please do not disturb tenants, or walk the property. SALE DOES REQUIRE COURT CONFIRMATION.

Continue Reading

Tax History for 1576 W Vernon Ave

Assessed Value (2020): $475,000

Year	Land Value	Improved Value	Assessed Value
2020	$332,500	$142,500	$475,000

About 1576 W Vernon Ave

Detailed summary of property

1576 W Vernon Ave is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90062 and last sold on August 9, 2019 for $475,000. This property has -- bedrooms, -- bathrooms, roughly 2,710 living square feet, and sits on an approximately 5,746 square foot lot. Homes 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 57.59% lower than the current median priced home. 1576 W Vernon Ave was last sold on August 9, 2019 for $475,000. Local nearby listings include 4613 S Budlong Ave, 1866 W Martin Luther King Jr Blvd and 1655 Leighton Ave. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 1576 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 1576 W Vernon Ave

Public county record property details

Beds: --
Baths: --
Year built: 1921
Sq. Ft.: 2,710
Lot Size: 5,746
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10
APN: 5016-003-010

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.

$560

Median Sold Price

$645,000

Median Sold Price/Sq.Ft.

$477

Total Inventory

Median Sale to List Price %

104.88%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote