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$750,000   Price Analysis
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1226 W Vernon Ave
Los Angeles, CA 90037
Unknown bed None bath 2,559 SqFt ($293/SqFt)
6,574SqFt lot. Built 1926
Listed 2024-01-31, Taxes $3,543
Ⓧ USDA Ineligible
due to location

near Los Angeles

Ok. Come get it. Fell out of escrow. This is a extraordinary fixer with income. Two separate buildings on a large lot. Lrge 4 Bedroom 2 Bathroom in the front. 1 Bedroom

* No Longer For Sale *
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1 bath in the rear. Needs work. This is the perfect owner/owner property. FHA 203K renovation laon should do the trick. Only 3.5% down. Large backyard. Close to downtown, shopping and transportation. Property profile shows a 5 bedroom, 2 bath. Please do your own research concerning permits and everything else. Long driveway for multiple cars. Showing is subject t o interior inspection. Property is priced to sell. Let's Go!!

Contact me with any questions.


Presented by Michael Johnson at
Realty Executives-All Cities.
Listing Agent Photo

Property MLS #RS24022171 from CRMLS

Formica Counters

Kitchen, Living Room, Main Floor Bedroom

Laundry Features: Individual Room

Fireplace Features: Living Room
Heating Features: Central, Wall Furnace
Heating: Yes

Fencing: Fence YN: Yes, Fencing: Chain Link
Road Frontage Type: Alley

Land Lease: Yes
Lot Description: Front Yard, Lawn, Level with Street, Lot 6500-9999, Near Public Transit, Paved, Walkstreet, Yard
Lot Size Acres: 0.1509183
Lot Size Source: Assessor
Lot Size Square Feet: 6574

Number of Units: 2

Calculated Total Monthly Association Fees: 0
Gardener Expense: 1200.00

Tenant Pays: Electricity, Gas
Vacancy Allowance: 2520
Rent Control: Yes

Community Features: Curbs, Sidewalks, Street Lights

Source Listing Status: Closed
County: Los Angeles
Cap Rate: 3.90
Source Property Type: Residential Income
Insurance Expense: 2700.00
Area: C23 - Metropolitan
Source Neighborhood: C23 - Metropolitan
New Taxes Expense: 9500.00
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 5017016006
Postal Code Plus 4: 2311
Professional Management Expense: 2520.00
Trash Expense: 800.00
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$104,489 + $160,510
$264,999
$3,543
2021$102,441 + $157,363
$259,804
$3,485
2020$101,391 + $155,750
$257,141
$3,514
2019$99,403 + $152,697
$252,100
$3,389
2018$97,454 + $149,703
$247,157
$3,316
2017$95,544 + $146,768
$242,312
$3,251
2016$93,671 + $143,891
$237,562
$3,153
2015$92,264 + $141,730
$233,994
$3,111
2014$90,457 + $138,954
$229,411
$3,136
2013$90,049 + $138,326
$228,375
$3,130
2012$88,284 + $135,614
$223,898
$3,171
2010$86,553 + $132,955
$219,508
$3,125
2009$86,112 + $132,276
$218,388
$3,011
2009$85,907 + $131,962
$217,869
$3,011
2008$104,040 + $509,796
$613,836
$7,649
2007$82,769 + $127,141
$209,910
$2,794

Sold 2024-05-20
$720,000
CRMLS
Price Changed 2024-04-16
$750,000
CRMLS
Listed 2024-01-31
$760,000
CRMLS
Sold 1988-05-10
$145,000
Public Record
Sold 1983-11-01
$52,500
Public Record

Net Operating Income: 29680.00

Total Square Feet Living: 2559
Year Built: 1926
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 98
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor

Electric: Electricity - On Property
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4000.00
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Normandie Avenue Elementary School is a public elementary school located approximately 0.1 miles away.
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Manual Arts Senior High School is a public high school located approximately 0.4 miles away.
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Barack Obama Global Preparation Academy is a public middle school located approximately 0.7 miles away.
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St. Cecilia Elementary School is a private elementary and middle school located approximately 0.3 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.