NOT LISTED FOR SALE

1259 E Vernon Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $680,458 - $811,000

4 Beds
3 Baths
2,086 Sq Ft
$366/Sq Ft Est. Value

Last Sold April 01, 2020

Last sale price $555,000 $266 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,795/month

216 Days on Market

About This Home

As of April 2020

Beautiful 3 units in Los Angeles. New windows. New kitchen cabinets and granite. New fence. New ceiling fans. And many upgrades.

Last Agent to Sell the Property

Roddy Kohei

VICTORIAN REALTY License #01171018 Listed on: 07/13/2019

Last Buyer's Agent

Sandra Orellana

Omega Home Realty License #01188370

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,588

Year Built

  • Built in 1921

Lot Details

  • 5,398 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,086 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 14 / 3
  • Tax Tract Number 2282
  • Assessor Parcel Number 5115035025

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,151
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,860
  • Operating Expense $10,011
  • Gross Income $30,466
  • Net Operating Income $30,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,588

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 5115035025
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 266.06

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5398.00
  • Lot Size Acres: 0.1239

Multi Family

  • Gross Income: 30465.50
  • Gross Scheduled Income: 40476.00
  • Insurance Expense: 2150.80
  • Lot Size Area: 5398.0000 Square Feet
  • Net Operating Income: 30465.50
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10010.50
  • Rent Control: Yes
  • Total Expenses: 10010.50

Tax Info

  • New Taxes Expense: 4859.70
  • Tax Block: 3
  • Tax Census Tract: 2282.20
  • Tax Lot: 14
  • Tax Tract Number: 2282.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2019
Closed on
Apr 1, 2020
Sold by
Slauson Management Llc
Bought by
Gonzalez Raul and Gonzalez Reynalda
Seller's Agent
Roddy Kohei
VICTORIAN REALTY
Buyer's Agent
Sandra Orellana
Omega Home Realty
List Price
$600,000
Sold Price
$555,000
Premium/Discount to List
-$45,000
-7.5%
Current Estimated Value
$764,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,115
Avg. Annual Appreciation
5.87%
Original Mortgage
$416,250
Outstanding Balance
$370,343
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$385,255

Purchase Details

Listed on
Jul 13, 2019
Closed on
Mar 23, 2020
Sold by
Slauson Management Llc
Bought by
Gonzalez Raul and Gonzalez Reynalda
Seller's Agent
Roddy Kohei
VICTORIAN REALTY
Buyer's Agent
Sandra Orellana
Omega Home Realty
List Price
$600,000
Sold Price
$555,000
Premium/Discount to List
-$45,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Outstanding Balance
$370,343
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$385,255

Purchase Details

Closed on
Jan 3, 2019
Sold by
Nte Holdings Llc
Bought by
Slauson Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2016
Sold by
Juliete Llc
Bought by
Nte Holdings Llc

Purchase Details

Closed on
Aug 16, 2012
Sold by
Mchugh Frank and Mchugh Family Trust
Bought by
Juliete Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 15, 2005
Sold by
Mchugh Frank
Bought by
Mchugh Frank and Mchugh Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Gonzalez Raul $555,000 Ticor
Gonzalez Raul $555,000 Ticor
Slauson Management Llc $340,000 Stewart Title Wlv
Nte Holdings Llc $260,000 None Available
Juliete Llc $250,000 Fidelity National Title Co
Mchugh Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Raul $416,250
Closed Gonzalez Raul $416,250
Previous Owner Slauson Management Llc $289,000
Previous Owner Juliete Llc $250,000
Previous Owner Mchugh Frank $150,000
Previous Owner Mchugh Frank $162,220
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2020 04/01/20 Sold $555,000 -0.9% $266 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/07/2020 01/07/20 Price Changed $559,900 0.0% $268 / Sq Ft
11/15/2019 11/15/19 Price Changed $560,000 -3.4% $268 / Sq Ft
08/27/2019 08/27/19 Price Changed $580,000 -3.3% $278 / Sq Ft
08/20/2019 08/20/19 Price Changed $599,500 -0.1% $287 / Sq Ft
07/13/2019 07/13/19 For Sale $600,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $7,588 $606,968 $366,368 $240,600
2024 $7,588 $595,068 $359,185 $235,883
2023 $7,447 $583,401 $352,143 $231,258
2022 $7,109 $571,963 $345,239 $226,724
2021 $7,017 $560,749 $338,470 $222,279
2020 $5,797 $447,780 $285,600 $162,180
2019 $4,944 $384,948 $228,888 $156,060
2018 $4,860 $377,400 $224,400 $153,000
2016 $3,410 $260,056 $130,028 $130,028
2015 $3,364 $256,150 $128,075 $128,075
2014 $3,394 $251,134 $125,567 $125,567
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Roddy Kohei

    VICTORIAN REALTY

    (626) 673-0077

    11 Total Sales

    Roddy Kohei
    Section Image

  • S

    Buyer's Agent in 2020

    Sandra Orellana

    Omega Home Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19166319

California Regional Multiple Listing Service (CRMLS)

APN: 5115-035-025

California Los Angeles County Los Angeles 90011 Central Alameda

1259 E Vernon Ave, Los Angeles, CA

This home is located at 1259 E Vernon Ave, Los Angeles, CA 90011 since 13 July 2019 and is currently estimated at $764,115, approximately $366 per square foot. This property was built in 1921. 1259 E Vernon Ave is a home located in Los Angeles County with nearby schools including Sally Ride Elementary: A Smart Academy, George Washington Carver Middle School, and Thomas Jefferson Senior High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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