Seller's Agent in 2024
Michael Johnson
Realty Executives
(310) 968-6583
1 in this area
17 Total Sales
1226 W Vernon Ave Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated Value: $882,000 - $1,042,000
6
Beds
3
Baths
2,559
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Cooling Available
- Laundry Room
- Central Heating
About This Home
As of September 2024Introducing an exceptional real estate opportunity in Los Angeles: a dual-unit property perfect for homeowners and investors alike. Situated on one lot, this property features two beautifully remodeled homes.
The front house is a spacious two-story residence with 4 bedrooms and 2 bathrooms. The recently remodeled bathrooms showcase stunning tile designs and high-quality fixtures, creating a luxurious feel. The heart of the home, the kitchen, is equipped with quartz countertops and walls, brand new kitchen cabinets, and modern appliances, offering both style and functionality. The entire house is upgraded with new vinyl flooring, fresh paint inside and out, new windows, elegant light fixtures, and modern doors. The thoughtful layout includes one bedroom and one bathroom on the main floor, ideal for guests or multi-generational living.
The back house is a charming 2-bedroom, 1-bath home, also completely remodeled. It features a sleek new kitchen with quartz countertops and brand new cabinets, ensuring a modern and cohesive design throughout. New windows, fresh paint, and a mini-split system for both heating and cooling provide comfort and efficiency year-round.
Located in a prime area near downtown LA, the Coliseum, the soccer stadium, and UC university, this property is surrounded by ongoing infrastructure investments, making it a promising investment. Enjoy the convenience of being close to many amenities while living in a beautifully upgraded home.
Don't miss this unique opportunity to own a versatile and stylish property in one of Los Angeles' most desirable locations!
Last Agent to Sell the Property
Realty Executives All Cities Brokerage Phone: 562-843-1103 License #01204139 Listed on: 08/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,760
Year Built
- Built in 1926
Lot Details
- 6,574 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,559 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Legal Lot and Block 6 / 3
- Assessor Parcel Number 5017016006
- $453 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $5,000
- Supplies Expense $1,300
- Trash Expense $2,200
- Water Sewer Expense $3,600
- New Taxes Expense $12,860
- Operating Expense $26,160
- Gross Income $88,800
- Net Operating Income $62,160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2024
Closed on
May 13, 2024
Sold by
Luella Whitfield Family Trust and Whitfield Luella
Bought by
All Cities Investments Inc
Seller's Agent
Michael Johnson
Realty Executives All Cities
Buyer's Agent
Michael Johnson
Realty Executives All Cities
List Price
$750,000
Sold Price
$720,000
Premium/Discount to List
-$30,000
-4%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,120
Avg. Annual Appreciation
23.80%
Original Mortgage
$676,000
Outstanding Balance
$666,412
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$312,708
Purchase Details
Closed on
May 29, 2014
Sold by
Whitfield Luella
Bought by
Whitfield Luella and Luella Whitfield Family Trust
Purchase Details
Closed on
Dec 27, 2007
Sold by
Whitfield Luella and Whitfield Samuel
Bought by
Whitfield Luella
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| All Cities Investments Inc | $720,000 | Chicago Title | |
| Whitfield Luella | -- | None Available | |
| Whitfield Luella | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | All Cities Investments Inc | $676,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/23/2024 09/23/24 | Sold | $1,007,000 | +1.2% | $394 / Sq Ft | |
| 09/03/2024 09/03/24 | Pending | -- | -- | -- | |
| 08/24/2024 08/24/24 | For Sale | $995,000 | +38.2% | $389 / Sq Ft | |
| 05/20/2024 05/20/24 | Sold | $720,000 | -4.0% | $281 / Sq Ft | View Prior Sale |
| 04/20/2024 04/20/24 | Pending | -- | -- | -- | |
| 04/15/2024 04/15/24 | Price Changed | $750,000 | 0.0% | $293 / Sq Ft | |
| 04/15/2024 04/15/24 | For Sale | $750,000 | -1.3% | $293 / Sq Ft | |
| 02/29/2024 02/29/24 | Pending | -- | -- | -- | |
| 01/30/2024 01/30/24 | For Sale | $760,000 | -- | $297 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,760 | $1,007,000 | $897,000 | $110,000 |
| 2024 | $3,760 | $275,703 | $166,994 | $108,709 |
| 2023 | $3,699 | $270,298 | $163,720 | $106,578 |
| 2022 | $3,543 | $264,999 | $160,510 | $104,489 |
| 2021 | $3,485 | $259,804 | $157,363 | $102,441 |
| 2020 | $3,515 | $257,481 | $155,750 | $101,731 |
| 2019 | $3,389 | $252,440 | $152,697 | $99,743 |
| 2018 | $3,316 | $247,497 | $149,703 | $97,794 |
| 2016 | $3,153 | $237,562 | $143,891 | $93,671 |
| 2015 | $3,111 | $233,994 | $141,730 | $92,264 |
| 2014 | $3,136 | $229,411 | $138,954 | $90,457 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Johnson
-
Martin Gonzalez
Seller's Agent in 2024
Martin Gonzalez
Realty Executives
(562) 843-1103
2 in this area
135 Total Sales
-
Regina Chung
Buyer's Agent in 2024
Regina Chung
Coldwell Banker Realty
(714) 388-2954
1 in this area
31 Total Sales
-
Daniel Choi
Buyer Co-Listing Agent in 2024
Daniel Choi
Coldwell Banker Realty
(949) 812-2907
1 in this area
345 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS24125602
APN: 5017-016-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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