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$650000   Price Analysis
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405 E Vernon Ave
Los Angeles, CA 90011
5 bed 3 bath 1450 SqFt ($448/SqFt)
4828SqFt lot. Built 1905
Listed 2024-07-19, Taxes $2275
Ⓧ USDA Ineligible
due to location

near Los Angeles

Amazing opportunity to own this 2 Unit i ncome property located less than 5 miles away from Downtown Los Angeles.

Front unit is 3 bed, 2 bath. Back unit is 2 bed, 1 bath. Street to alley lot, parking in the rear, up to 4 parkng spots available.

Property is tenant occupied with tremendous long term tenants. Some of the windows were recently updated.


Presented by Tamas Batyi at
COMPASS.
Listing Agent Photo

Property MLS #SB24148787 from CRMLS

Bedrooms: 5

Laundry Features: Gas Dryer Hookup

Full Bathrooms: 3

Lot Description: Back Yard, Front Yard
Lot Size Acres: 0.1108356
Lot Size Source: Assessor
Lot Size Square Feet: 4828

Number of Units: 2
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

Rent Control: Yes

Community Features: Curbs

Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.00
Source Property Type: Residential Income
Insurance Expense: 1500.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
New Taxes Expense: 7500.00
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5113016006
Postal Code Plus 4: 3439
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$69329 + $104000
$173329
$2275
2021$67970 + $101961
$169931
$2247
2020$67274 + $100916
$168190
$2266
2019$65955 + $98938
$164893
$2184
2018$64662 + $96999
$161661
$2142
2017$63395 + $95098
$158493
$2095
2016$62152 + $93234
$155386
$2047
2015$61219 + $91834
$153053
$2019
2014$60020 + $90036
$150056
$2034
2013$59749 + $89630
$149379
$2034
2012$58578 + $87873
$146451
$2060
2010$57430 + $86150
$143580
$2019
2009$57137 + $85711
$142848
$1951
2009$57001 + $85507
$142508
$1951
2008$56017 + $84031
$140048
$1874
2007$54919 + $82384
$137303
$1815

Listed 2024-07-19
$650000
CRMLS
Sold 1989-11-22
$100000
Public Record
Sold 1985-01-16
$52000
Public Record

Net Operating Income: 38520.00

Total Square Feet Living: 1450
Year Built: 1905
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 2
Property Age: 119
Levels or Stories: One
Building Total Stories: 2
Structure Type: Duplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 1200.00
Electricity Connected
Sewer Connected
Water Connected
Water Source: Public

George Washington Carver Middle School is a public middle school located approximately 0.5 miles away.
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Harmony Elementary School is a public elementary school located approximately 0.6 miles away.
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Nava College Preparatory Academy is a public high school located approximately 1.1 miles away.
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Joel John Scholastic Academy is a private middle and high school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.