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205 W Vernon Ave, Los Angeles, CA 90037
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205 W Vernon Ave Los Angeles, CA 90037

$1,030,000 Sold Price as of 04/09/2019
  • 4 Beds
  • 7 Baths
  • 3,655 Sq.Ft.
Sold
$1,030,000 Sold Price as of 04/09/2019 Refinance Your Mortgage
Map preview of 205 W Vernon Ave, Los Angeles, CA 90037

Property Overview: 205 W Vernon Ave Los Angeles, CA has 4 bedrooms, 7 bathrooms, 3,655 living square feet and 5,880 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Skirting the borders of Downtown, South Los Angeles rests in the shade of the buildings that rise from the city's center. Its boulevards fill with foot-traffic, theatres, and strip malls of fast-food restaurants.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 105

Home details

Lot Sq. Ft
5,880
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18398732
City
Los Angeles
County
Los Angeles
Time on Site
1192 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $956
  • Total Rent: $2,868
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,238
  • Total Rent: $4,665
  • Pro Forma/Market Rent: $6,125
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: 11.89
  • Gross Scheduled Income: --
  • Net Operating Income: $49,026
  • Gross Operating Income: $90,398
  • Improvements Total: $165,584
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 205 W Vernon Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5111010017
Location / Neighborhood
Location Information
  • Directions: Positioned just one and a half miles from the University of Southern California, three miles from the Staples Center and L.A. Live, the property is located on Vernon Avenue between Main Street and Broadway.
View more facts & features

Local Los Angeles Agent

Sale History for 205 W Vernon Ave

Last sold on September 30th, 2019

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2019

  • Apr 10, 2019

    Date

    Sold

    CRMLS: 18398732

    $1,030,000

    Price

  • Jan 31, 2019

    Date

    Pending

    CRMLS: 18398732

    $1,075,000

    Price

  • Jan 17, 2019

    Date

    Price Change

    CRMLS: 18398732

    $1,075,000

    Price

  • Nov 12, 2018

    Date

    Active

    CRMLS: 18398732

    $1,165,000

    Price

  • Nov 9, 2018

    Date

    Pending

    CRMLS: 18398732

    $1,165,000

    Price

  • Oct 19, 2018

    Date

    Active

    CRMLS: 18398732

    $1,165,000

    Price

  • April, 2019

  • Apr 9, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,030,000

    Price

Show More

Tax History for 205 W Vernon Ave

Assessed Value (2020): $1,050,600
Year Land Value Improved Value Assessed Value
2020 $714,000 $336,600 $1,050,600

Home Value Compared to the Market

This property vs the competition

205 W Vernon Ave sold on April 9, 2019 for 2.38% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $294.12 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 205 W Vernon Ave

Detailed summary of property

205 W Vernon Ave is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 4 bedrooms, 7 bathrooms, roughly 3,655 living square feet, and sits on an approximately 5,880 square foot lot. 205 W Vernon Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,030,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.38% higher than the current median priced home. Local homes that are currently for sale include 862 W 41st St, 914 W 41st St and 747 E 33rd St. While the average home in Los Angeles, CA is selling in 97 days, 205 W Vernon Ave has a days on market of 105 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. For more information on this home for sale at 205 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 205 W Vernon Ave

Public county record property details
Beds
--
Baths
--
Year built
1907
Sq. Ft.
3,655
Lot Size
5,880
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5111-010-017

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
$725,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
32
Median Sale to List Price %
101.93%
Avg Days on Market
35
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (25%), Other (0%)

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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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