$875,000
$24K PRICE DROP

1247 E Vernon Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated payment $5,030/month

Total Views 2,142
8 Beds
4 Baths
2,850 Sq Ft
$307 Price per Sq Ft

About This Home

Price Reduced by $25,000! Don't miss this opportunity the seller has just lowered the price by $25,000 for a faster sale. With a strong 7.5% cap rate, this property delivers impressive cash flow from day one.Featuring two separate units, it's perfect for rental income or multi-generational living. Located close to schools, shopping, and major freeways, this property offers both convenience and long-term appreciation potential. Act now before it's gone!

Listing Agent

Jongmin Park

Dream Realty & Investments Inc License #02126533 Listed on: 11/17/2025

Dream Realty & Investments Inc

Co-Listing Agent

Koeun Hwang

Urban Real Estate, Inc. License #01718399

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Parking

  • 4 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,850 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,112 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5115-035-027

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2850
  • Lot Acreage: 0.1174
  • Year Built: 2007
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 307.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 62.58
  • Assessed Improvement Value: 262510
  • Assessed Land Percent: 37.42
  • Assessed Land Value: 157002
  • Total Assessed Value: 419512
  • Assessor Parcel Number: 5115-035-027
  • Lot Size Area: 5112

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.78
  • Number Of Units: 2
  • Type Of Units: Duplex

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $5,513 $427,902 $160,142 $267,760
2024 $5,513 $419,512 $157,002 $262,510
2023 $5,413 $411,287 $153,924 $257,363
2022 $5,172 $403,223 $150,906 $252,317
2021 $5,097 $395,318 $147,948 $247,370
2020 $6,634 $515,552 $237,077 $278,475
2019 $6,382 $505,444 $232,429 $273,015
2018 $4,835 $376,074 $140,746 $235,328
2016 $4,599 $361,473 $135,282 $226,191
2015 $4,535 $356,044 $133,250 $222,794
2014 $4,560 $349,070 $130,640 $218,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 Price Changed $875,000 0.0% $307 / Sq Ft
11/17/2025 11/17/25 For Sale $875,000 -2.7% $307 / Sq Ft
10/31/2025 10/31/25 Pending -- -- --
08/13/2025 08/13/25 For Sale $899,000 -- $315 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Orange Coast Title Company
Grant Deed -- Orange Coast Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Grant Deed -- Pacific Coast Title Company
Grant Deed -- Pacific Coast Title Company
Interfamily Deed Transfer -- Pacific Coast Title Company
Grant Deed -- Pacific Coast Title Company
Interfamily Deed Transfer -- Old Republic Title
Grant Deed $675,000 Old Republic Title
Grant Deed $270,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,535,000 Construction
Previous Owner $135,000 Stand Alone Second
Previous Owner $540,000 New Conventional
Source: Public Records

Source: The MLS

MLS Number: 25577351

The MLS

APN: 5115-035-027

California Los Angeles County Los Angeles 90011 Central Alameda

1247 E Vernon Ave, Los Angeles, CA

For Sale

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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Listing Agent
Jongmin Park
Section Image
Dream Realty & Investments Inc
(213) 388-5155