164 W Vernon Ave Los Angeles, CA 90037

$--

4 Beds
4 Baths
2,400 Sq.Ft.

Off Market

Map preview of 164 W Vernon Ave, Los Angeles, CA 90037

Property Overview: 164 W Vernon Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,400 living square feet and 5,940 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

164 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 $1,236,000. The median price per/sqft for Los Angeles is $773. 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 $247,200 for the down payment and will need roughly $24,720 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 $52,500. 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 164 W Vernon Ave

Last sold on September 20th, 2019

April, 2024
Apr 27, 2024

Date

Expired

CRMLS: 23328479

$800,000

Price
Nov 5, 2023

Date

Active

CRMLS: 23328479

$825,000

Price
Listing provided courtesy of CRMLS

Exclusive Investment Opportunity in Prime Los Angeles Location - 164 W Vernon Ave. Embrace the potential of this classic 4-unit residential property, offering a unique blend of charm and investment savvy. Nestled in the heart of Los Angeles, this property presents a rare opportunity for owner-occupants looking to delve into the art of house hacking or for astute investors aiming to maximize their portfolio with significant value-add prospects. Featuring two inviting structures, each with its own character - the front building houses Units #164 & #166, showcasing spacious 2-bedroom, 1-bath layouts brimming with natural light. The rear building introduces Units #164 1/2 & #166 1/2, comprising two efficiently designed studio units, one of which will be delivered vacant, ready for immediate occupation. The tenants are on month-to-month agreements. Additionally, the property may qualify for Fannie Mae's 5% down payment scheme for owner-occupants, subject to lender approval - an enticing incentive that amplifies investment appeal. Just minutes away from the University of Southern California (USC), Downtown LA (DTLA), and a host of iconic attractions including the Crypto Arena, Exposition Park, the upcoming Lucas Museum, the vibrant Art's District, LA Live, and the Banc of California Stadium, the location is nothing short of exceptional. Do not disturb tenants or walk the property.

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September, 2019
Sep 20, 2019

Date

Sold (Public Records)

Public Records

--

Price
November, 2016
Nov 1, 2016

Date

Sold (Public Records)

Public Records

$480,000

Price

Tax History for 164 W Vernon Ave

Assessed Value (2020): $509,379

Year	Land Value	Improved Value	Assessed Value
2020	$244,077	$265,302	$509,379

About 164 W Vernon Ave

Detailed summary of property

164 W Vernon Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90037 and is currently off market. This property has 4 bedrooms, 4 bathrooms, roughly 2,400 living square feet, and sits on an approximately 5,940 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Local nearby listings include 906 W 50th St, 626 E 54th St and 889 E Vernon Ave. The average home in Los Angeles, CA is selling in 96 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 164 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 164 W Vernon Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1923
Sq. Ft.: 2,400
Lot Size: 5,940
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 6
APN: 5110-001-029

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

$749,000

Median List Price/Sq.Ft.

$562

Median Sold Price

$739,000

Median Sold Price/Sq.Ft.

$472

Total Inventory

Median Sale to List Price %

101.93%

Avg Days on Market

Loan Type

Conventional (50%), FHA (25%), VA (0%), Cash (25%), Other (0%)

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(714) 706-1823

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