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$639,000   Price Analysis
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405 E Vernon Ave
Los Angeles, CA 90011
5 bed 3 bath 1,450 SqFt ($440/SqFt)
4,828SqFt lot. Built 1905
Listed 2024-07-19, Taxes $2,275
Ⓧ USDA Ineligible
due to location

near Los Angeles

Amazing opportunity to own this 2 Unit income 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 parking spots availabl.

Property is tenant occupied with exceptional 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$69,329 + $104,000
$173,329
$2,275
2021$67,970 + $101,961
$169,931
$2,247
2020$67,274 + $100,916
$168,190
$2,266
2019$65,955 + $98,938
$164,893
$2,184
2018$64,662 + $96,999
$161,661
$2,142
2017$63,395 + $95,098
$158,493
$2,095
2016$62,152 + $93,234
$155,386
$2,047
2015$61,219 + $91,834
$153,053
$2,019
2014$60,020 + $90,036
$150,056
$2,034
2013$59,749 + $89,630
$149,379
$2,034
2012$58,578 + $87,873
$146,451
$2,060
2010$57,430 + $86,150
$143,580
$2,019
2009$57,137 + $85,711
$142,848
$1,951
2009$57,001 + $85,507
$142,508
$1,951
2008$56,017 + $84,031
$140,048
$1,874
2007$54,919 + $82,384
$137,303
$1,815

Price Changed 2024-07-30
$639,000
CRMLS
Listed 2024-07-19
$650,000
CRMLS
Sold 1989-11-22
$100,000
Public Record
Sold 1985-01-16
$52,000
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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