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2502 Vineyard Ave, Los Angeles, CA 90016
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2502 Vineyard Ave Los Angeles, CA 90016

$713,000 Sold Price as of 01/21/2020
  • 2 Beds
  • 2 Baths
  • 1,216 Sq.Ft.
Sold
$713,000 Sold Price as of 01/21/2020 Refinance Your Mortgage
Map preview of 2502 Vineyard Ave, Los Angeles, CA 90016

Property Overview: 2502 Vineyard Ave Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,216 living square feet and 3,229 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful duplex in the desirable West Adams neighborhood, centrally located between Downtown, Santa Monica, Culver City and West Hollywood. Both units are one bed and one bath, but extra space abounds: one unit has a side room which could be used as a second bedroom, both units have large secure storage rooms in the back that are not part of the living-area square footage, and the massive 9-foot-tall attic may provide an opportunity for significantly expanding the property's square footage. Nice stainless steel appliances included in both units, plus washer/dryer included in shared space with hookups. Property also provides hassle-free landscaping, renter-pleasing aesthetics, nice fixtures throughout, walking distance to the Expo Line and Interstate 10, and the potential for very profitable cashflow.

Listed by Jonathan Minerick | BRE #01523060 | Homecoin.com
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
3,229
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
TR19235618
City
Los Angeles
County
Los Angeles
Time on Site
1211 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,483
  • Total Rent: $1,483
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $44,400
  • Net Operating Income: $42,713
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $1,687
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $207
  • Maintenance: $300
  • Water/Sewer: $1,080

Property Details for 2502 Vineyard Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down, Attic, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bedroom, Utility Room, Workshop
Kitchen Information
  • Has Appliances
  • ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
Interior Features
  • Crown Molding, Open Floorplan, Stone Counters, Storage, Unfurnished
  • Levels: One
  • Window Features: Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Insulated Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Insulated Doors
Exterior Features
Exterior Information
  • Roof: Asphalt
  • Lighting, Rain Gutters
  • Has Fence
  • Chain Link
  • Other Structures: Storage, Two On A Lot, Workshop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Carport, Detached Carport, Driveway, Driveway - Combination, Driveway Up Slope From Street, Parking Space
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Rectangular Lot, Level, Near Public Transit, Park Nearby, Patio Home, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5057005011
  • Year Built Source: Public Records
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, Doors - Swing In, No Interior Steps, Parking
  • Offered With Property: Washer & dryer, stoves in both units, refrigerator in 2504 Vineyard unit
  • Property Condition: Additions/Alterations, Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Right off West Adams Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2502 Vineyard Ave

Last sold for $713,000 on January 21st, 2020

  • January, 2020

  • Jan 22, 2020

    Date

    Sold

    CRMLS: TR19235618

    $713,000

    Price

  • Oct 26, 2019

    Date

    Pending

    CRMLS: TR19235618

    $739,000

    Price

  • Oct 10, 2019

    Date

    Active

    CRMLS: TR19235618

    $739,000

    Price

  • Oct 8, 2019

    Date

    Active Under Contract

    CRMLS: TR19235618

    $739,000

    Price

  • Oct 4, 2019

    Date

    Active

    CRMLS: TR19235618

    $739,000

    Price

  • January, 2020

  • Jan 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $713,000

    Price

  • September, 2019

  • Sep 27, 2019

    Date

    Canceled

    CRMLS: SR19204865

    $749,000

    Price

  • Sep 21, 2019

    Date

    Price Change

    CRMLS: SR19204865

    $749,000

    Price

  • Aug 27, 2019

    Date

    Active

    CRMLS: SR19204865

    $785,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful duplex in the desirable West Adams neighborhood, centrally located between Downtown, Santa Monica, Culver City and West Hollywood. The multi-family property enjoys 100% renter occupancy, though the main unit is currently available in case the new owner would like to occupy it. Both units are one bed and one bath, but extra space abounds: one unit has a side room which could be used as a second bedroom, both units have large secure storage rooms in the back. Nice stainless steel appliances included in both units, plus washer/dryer included in shared space with hookups. Property also provides hassle-free landscaping, renter-pleasing aesthetics, nice fixtures throughout, walking distance to the Expo Line and Interstate 10, and the potential for very profitable cash flow.

  • September, 2015

  • Sep 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $471,000

    Price

Show More

Tax History for 2502 Vineyard Ave

Assessed Value (2020): $509,822
Year Land Value Improved Value Assessed Value
2020 $357,201 $152,621 $509,822

Home Value Compared to the Market

This property vs the competition

2502 Vineyard Ave sold on January 21, 2020 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 $607.73 per/sqft which puts the price per square foot 19.51% lower than the current median sale per square foot for the city of Los Angeles.

About 2502 Vineyard Ave

Detailed summary of property

2502 Vineyard Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 1,216 living square feet, and sits on an approximately 3,229 square foot lot. 2502 Vineyard Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $713,000. 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 1235 W 39th St, 5965 West Blvd and 1496 W Vernon Ave. While the average home in Los Angeles, CA is selling in 94 days, 2502 Vineyard Ave has a days on market of 14 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2502 Vineyard Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2502 Vineyard Ave

Public county record property details
Beds
2
Baths
2
Year built
1922
Sq. Ft.
1,216
Lot Size
3,229
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5057-005-011

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,100,000
Median List Price/Sq.Ft.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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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