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1853 W Vernon Ave, Los Angeles, CA 90062
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1853 W Vernon Ave Los Angeles, CA 90062

$720,000 Sold Price as of 05/14/2019
  • 5 Beds
  • 5 Baths
  • 2,456 Sq.Ft.
Sold
$720,000 Sold Price as of 05/14/2019 Refinance Your Mortgage
Map preview of 1853 W Vernon Ave, Los Angeles, CA 90062

Property Overview: 1853 W Vernon Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,456 living square feet and 5,753 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an investment opportunity for a new investor to purchase a wonderful property to hold. Owners unit is a single family home, has large living and dining room with crown moulding, with built in cabinets, breakfast nook in kitchen, mud room, new roof, new kitchen with Quartz counter tops and New stainless steel Dishwasher and Stove. Restrooms feature new tile shower and floors and vanities. Property also features two additional income units and an Additional Dwelling Unit. Bonus unit is approximately 600 sq feet. Freeway Close, Leimert Park, Crenshaw Corridor and USC specific plan. A Downtown commuters dream. Seller may pay up to 10k of buyers closing costs with a full priced offer.

Listed by Steve Richardson | BRE #01510320 | Keller Williams Inglewood
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 78

Home details

Lot Sq. Ft
5,753
HOA Dues
$0/mo
Year built
1934
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
19418642
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $775
  • Total Rent: $775
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: 13.4
  • Gross Scheduled Income: --
  • Net Operating Income: $44,200
  • Gross Operating Income: $55,800
  • # of Rented Garages: 0
  • Improvements Total: $122,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1853 W Vernon Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup
Kitchen Information
  • Has Appliances
  • Disposal, Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Circular Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5022008011
  • Property Condition: Building Permit
Location / Neighborhood
Location Information
  • Directions: 110 North to Vernon go West
View more facts & features

Local Los Angeles Agent

Sale History for 1853 W Vernon Ave

Last sold for $720,000 on May 14th, 2019

  • May, 2019

  • May 15, 2019

    Date

    Sold

    CRMLS: 19418642

    $720,000

    Price

  • Apr 3, 2019

    Date

    Active Under Contract

    CRMLS: 19418642

    $739,000

    Price

  • Apr 3, 2019

    Date

    Expired

    CRMLS: 19418642

    $739,000

    Price

  • Mar 7, 2019

    Date

    Price Change

    CRMLS: 19418642

    $739,000

    Price

  • Feb 26, 2019

    Date

    Price Change

    CRMLS: 19418642

    $745,000

    Price

  • Feb 21, 2019

    Date

    Active

    CRMLS: 19418642

    $749,900

    Price

  • Feb 11, 2019

    Date

    Hold

    CRMLS: 19418642

    $749,900

    Price

  • Jan 10, 2019

    Date

    Active

    CRMLS: 19418642

    $749,900

    Price

  • May, 2019

  • May 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • July, 2018

  • Jul 11, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1853 W Vernon Ave

Assessed Value (2020): $734,940
Year Land Value Improved Value Assessed Value
2020 $530,400 $204,540 $734,940

Home Value Compared to the Market

This property vs the competition

1853 W Vernon Ave sold on May 14, 2019 for 37.9% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $300.9 per/sqft which puts the price per square foot 60.15% lower than the current median sale per square foot for the city of Los Angeles.

About 1853 W Vernon Ave

Detailed summary of property

1853 W Vernon Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 2,456 living square feet, and sits on an approximately 5,753 square foot lot. 1853 W Vernon Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $720,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.9% lower than the current median priced home. Local homes that are currently for sale include 1452 W 53rd St, 3747 Ruthelen St and 5472 6th Ave. While the average home in Los Angeles, CA is selling in 94 days, 1853 W Vernon Ave has a days on market of 78 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. For more information on this home for sale at 1853 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 1853 W Vernon Ave

Public county record property details
Beds
5
Baths
5
Year built
1934
Sq. Ft.
2,478
Lot Size
5,753
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5022-008-011

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
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%)

Thinking of Selling?

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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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