1591 E Vernon Ave Los Angeles, CA 90011

$585,000 Sold Price as of 03/12/2019

5 Beds
3 Baths
1,705 Sq.Ft.

Off Market

$585,000 Sold Price as of 03/12/2019 Refinance Your Mortgage

Map preview of 1591 E Vernon Ave, Los Angeles, CA 90011

Property Overview: 1591 E Vernon Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,705 living square feet and 5,006 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1591 E 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 $1,209,000. 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 $241,800 for the down payment and will need roughly $24,180 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.

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Sale History for 1591 E Vernon Ave

Last sold for $585,000 on March 12th, 2019

July, 2023
Jul 4, 2023

Date

Expired

CRMLS: 23261553

$1,249,999

Price
Apr 18, 2023

Date

Active

CRMLS: 23261553

$1,249,999

Price
Listing provided courtesy of CRMLS

We are proud to exclusively present for sale a Redevelopment Opportunity in South Los Angeles. Situated on E. Vernon Ave., in between Lima St. and Morgan Ave., this 5,007 SF C2-2D-CPIO Tier 4 Lot can be delivered vacant...or keep the incomefrom the existing Duplex while preparing for construction! The Seller's 23 Unit Project was recently issued a TOC Letter of Determination (reserving 3 Units for Extremely Low-Income Households) and has an SB 330 Replacement Unit Determination from 2020 listing that two units need to be replaced. The Project can potentially also have one ADU. The building design consistsof eleven Studios, five 1 Bedrooms, six 2 Bedrooms and one 3 Bedroom units. The Rec. Room on the ground level can potentially be converted to 1 ADU. The design features no parking spaces but the property is around a tenth of a mile from the Vernon Metro A Line (Blue) Station, allowing tenants to commute to Downtown Los Angeles, Downtown Long Beach and beyond with ease. Future residents will enjoy a rooftop that will have expansive views looking far out to the rest of Los Angeles. Affordable Units should be rentable to Section 8 tenants for increased rents; Section 8 rental amounts have increased as of 11/1/2022 (see Section 8 page in OM). The site is a short 10 minute drive to Downtown LA. Easy access to the 10 and 110 freeways makes this property an easy commute around Los Angeles.

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March, 2019
Mar 14, 2019

Date

Sold

CRMLS: CV18274655

$585,000

Price
Jan 21, 2019

Date

Pending

CRMLS: CV18274655

$590,000

Price
Dec 31, 2018

Date

Price Change

CRMLS: CV18274655

$590,000

Price
Dec 17, 2018

Date

Price Change

CRMLS: CV18274655

$589,999

Price
Dec 5, 2018

Date

Price Change

CRMLS: CV18274655

$599,999

Price
Nov 15, 2018

Date

Active

CRMLS: CV18274655

$619,999

Price
Listing provided courtesy of CRMLS

NO RENT CONTROL(built 1987)!!No relocation fees , both units can be delivered VACANT if needed! Tenants are month to month. The rents are good , but there is room to raise them. Location, condition and rental income is GREAT! Bus station is in-front of the house, 2 blocks away from metrolink and 5 minutes from the 10 fwy and 110 fwy. The property was nicely remodeled(better upgrades in the area) , it has front access on vernon ave and parking thru alley for about 8 cars.The front unit has 2 Bedrooms, 1 Bathrooms. The rear unit has 3 Bedroom, 2 Bathroom.Each unit has its own electrical meter and gas. Great from first time buyers and even better for investor as it has NO RENT CONTROL.Its ZONE LAR4 SO you can built another 2 units in the back(there is space), buyer to check with the city.There is a small garden with drought tolerant landscaping, which keeps water bill very low. It offers lots of privacy since it has wood fence all around. Kitchen has granite and quarts counter tops and very nice back splash, kitchens have porcelain tile. Bathrooms are nicely upgraded with travertine and porcelain tile and big mirrors. All the lighting is LED. Laundry is located in closet hallway. Brand new roof , interior/ exterior paint, garden , dual panel windows, interior was completely remodeled 3 years ago is and great condition.

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March, 2019
Mar 12, 2019

Date

Sold (Public Records)

Public Records

$585,000

Price
October, 2018
Oct 15, 2018

Date

Canceled

CRMLS: CV18230397

$599,999

Price
Sep 25, 2018

Date

Hold

CRMLS: CV18230397

$599,999

Price
Sep 21, 2018

Date

Active

CRMLS: CV18230397

$599,999

Price
Listing provided courtesy of CRMLS

NO RENT CONTROL! Tenants are month to month and at least one unit can be delivered vacant at close of escrow if needed. The rents are good , but there is room to raise them. Location, condition and rental income is GREAT! Bus station is in-front of the house, 2 blocks away from metrolink and 5 minutes from the 10 fwy and 110 fwy. The property was nicely remodeled(better upgrades in the area) , it has front access on vernon ave and parking thru alley for about 8 cars.The front unit has 2 Bedrooms, 1 Bathrooms. The rear unit has 3 Bedroom, 2 Bathroom.Each unit has its own electrical meter and gas. Great from first time buyers and even better for investor as it has NO RENT CONTROL.Its ZONE LAR4 SO you can built another 2 units in the back(there is space), buyer to check with the city.The tenants have a very small garden with drought tolerant landscaping, which keeps water bill very low. It offers lots of privacy since it has wood fence all around. Kitchen has granite and quarts counter tops and very nice back splash, kitchens have porcelain tile. Bathrooms are nicely upgraded with travertine and porcelain tile and big mirrors. All the lighting is LED. Laundry is located in closet hallway.

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January, 2014
Jan 23, 2014

Date

Sold (Public Records)

Public Records

$375,000

Price

Tax History for 1591 E Vernon Ave

Assessed Value (2020): $596,700

Year	Land Value	Improved Value	Assessed Value
2020	$433,500	$163,200	$596,700

About 1591 E Vernon Ave

Detailed summary of property

1591 E Vernon Ave is categorized with a use code of Duplex (2 Units, Any Combination) in Los Angeles, CA 90011 and last sold on March 12, 2019 for $585,000. This property has 5 bedrooms, 3 bathrooms, roughly 1,705 living square feet, and sits on an approximately 5,006 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 47.77% lower than the current median priced home. 1591 E Vernon Ave was last sold on March 12, 2019 for $585,000. Local nearby listings include 851 E 32nd St, 1701 E 61st St and 854 East 27 St. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 1591 E Vernon Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1591 E Vernon Ave

Public county record property details

Beds: 5
Baths: 3
Year built: 1987
Sq. Ft.: 1,705
Lot Size: 5,006
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14
APN: 5116-019-032

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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