1735 W Vernon Ave Los Angeles, CA 90062

$--

1 Beds
15 Baths
9,502 Sq.Ft.

Off Market

Map preview of 1735 W Vernon Ave, Los Angeles, CA 90062

Property Overview: 1735 W Vernon Ave Los Angeles, CA has 1 bedrooms, 15 bathrooms, 9,502 living square feet and 6,131 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1735 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 $1,249,000. The median price per/sqft for Los Angeles is $774. 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 $249,800 for the down payment and will need roughly $24,980 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 $59,500. 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 1735 W Vernon Ave

Last sold on August 16th, 2010

September, 2021
Sep 4, 2021

Date

Expired

CRMLS: 21727178

$3,000,000

Price
May 4, 2021

Date

Active

CRMLS: 21727178

$3,000,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire a 15+1 non-conforming unit multi-family property located in the Vermont Square neighborhood of Los Angeles, California. Built in 1923, this two-story apartment building was originally built as a sixteen (16) unit apartment building. In 1976, the property was legally converted to a fifteen (15) unit apartment building by combining two (2) of the single units together. Today, the property operates as a sixteen unit apartment building that consists of thirteen (13) singles with separate kitchens and bathrooms, two (2) one bedroom/one bathroom units, and one (1) non-conforming single unit that brings in an additional $1,011/month of rental income. The property offers tenants gated entry, on-site laundry and master metered utilities, which allow for an annual 5% rental increase pursuant to the guidelines of Los Angeles Rent Stabilization Ordinance. The property and the unit interiors have been well maintained yet still provide an astute investor with a value-add opportunity that can be achieved through interior and exterior renovations.

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August, 2010
Aug 16, 2010

Date

Sold (Public Records)

Public Records

--

Price
March, 2004
Mar 31, 2004

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1735 W Vernon Ave

Assessed Value (2020): $884,455

Year	Land Value	Improved Value	Assessed Value
2020	$298,722	$585,733	$884,455

About 1735 W Vernon Ave

Detailed summary of property

1735 W Vernon Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90062 and is currently off market. This property has 1 bedrooms, 15 bathrooms, roughly 9,502 living square feet, and sits on an approximately 6,131 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Local nearby listings include 4032 La Salle Ave, 1729 West 51st Place and 4318 Halldale Ave. The average home in Los Angeles, CA is selling in 94 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. If you are the homeowner and looking to sell the home at 1735 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 1735 W Vernon Ave

Public county record property details

Beds: 1
Baths: 15
Year built: 1923
Sq. Ft.: 9,502
Lot Size: 6,131
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10,11
APN: 5021-025-010

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

$859,000

Median List Price/Sq.Ft.

$582

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$553

Total Inventory

Median Sale to List Price %

85.49%

Avg Days on Market

Loan Type

Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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