NOT LISTED FOR SALE

1323 E Vernon Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $805,000 - $874,000

4 Beds
4 Baths
2,152 Sq Ft
$390/Sq Ft Est. Value

Last Sold January 10, 2017

Last sale price $430,000 $200 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,116/month

59 Days on Market

Highlights

  • Private Yard
  • Guest Parking
  • Central Heating

About This Home

As of January 2017

This multi-unit property is located in a great area. All units have good tenants that pay on time. This purchase is a great opportunity for an investor looking to keep long term or a saver buyer who can live in one and rent the rest. Tenants have been advised rent will be going UP as of Jan 1st. Each unit has 1 bed 1 bath, approximately 2152 square feet total living space and 5200 lot size. The back two units were remodeled 4 years ago and the front two are nicely kept. Units also have fruit trees which include lemon and sugar canes. Did I also mentioned it is located about 2 blocks from metro station, 5 minutes away from Huntington Park and best of all about 10 to 15 minutes from Iconic Down Town LA. Seller pays water and trash only and tenants are responsible for the rest of utilities. By appointment ONLY. SUBJECT TO CANCELLATION OF CURRENT ESCROW.

Last Agent to Sell the Property

Nidya Pineda

Century 21 Jervis & Associates License #01490268 Listed on: 09/22/2016

Century 21 Jervis & Associates

Last Buyer's Agent

Nidya Pineda

Century 21 Jervis & Associates License #01490268 Listed on: 09/22/2016

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 5,200 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Split Level Home
  • Quadruplex

Interior Spaces

  • 2,152 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Guest Parking

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 2282
  • Assessor Parcel Number 5116006024

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Water Sewer Expense $1,992
  • New Taxes Expense $4,185
  • Gross Income $35,892
  • Net Operating Income $33,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1992.00
  • Zoning: LAR4
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5116006024
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Multi/Split
  • Price Per Square Foot: 199.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Guest
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5200.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 35892.00
  • Gross Scheduled Income: 35892.00
  • Net Operating Income: 33900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1992.00
  • Rent Control: Yes
  • Total Actual Rent: 2991.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4185.00
  • Tax Census Tract: 2282.20
  • Tax Lot: 25
  • Tax Tract Number: 2282.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2019
Sold by
La Vernon Investment Group Llc
Bought by
Kashani Real Estate Group Llc
Current Estimated Value
$838,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$434,943
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$403,390

Purchase Details

Closed on
Aug 2, 2017
Sold by
Khoubian Esmacil
Bought by
La Vernon Investment Group Llc

Purchase Details

Listed on
Sep 22, 2016
Closed on
Dec 30, 2016
Sold by
Khoubian Rozita
Bought by
Khoubian Esmaeil
Seller's Agent
Nidya Pineda
Century 21 Jervis & Associates
Buyer's Agent
Nidya Pineda
Century 21 Jervis & Associates
List Price
$475,000
Sold Price
$430,000
Premium/Discount to List
-$45,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$322,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 22, 2016
Closed on
Dec 5, 2016
Sold by
Luna Osbaldo
Bought by
Khoubien Esmaeil
Seller's Agent
Nidya Pineda
Century 21 Jervis & Associates
Buyer's Agent
Nidya Pineda
Century 21 Jervis & Associates
List Price
$475,000
Sold Price
$430,000
Premium/Discount to List
-$45,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 2, 2012
Closed on
Oct 10, 2012
Sold by
Elre Holdings Llc
Bought by
Luna Osbaldo
Seller's Agent
Ryan Lusk
First Team Real Estate
Buyer's Agent
Nidya Pineda
Century 21 Jervis & Associates
List Price
$299,000
Sold Price
$315,000
Premium/Discount to List
$16,000
5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$309,294
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 2012
Sold by
Aldana Evelia
Bought by
Elre Holdings Llc

Purchase Details

Closed on
Dec 6, 2011
Sold by
Aldana Evelia
Bought by
Aldana Evelia and Mendoza Paul

Purchase Details

Closed on
Aug 11, 2011
Sold by
Aldana Evelia and Hernandez Maria H
Bought by
Aldana Evelia

Purchase Details

Closed on
Feb 11, 2011
Sold by
Aldana Evelia and Ramirez Maria H
Bought by
Aldana Evelia and Hernandez Maria H

Purchase Details

Closed on
Aug 23, 2010
Sold by
Aldana Evelia
Bought by
Aldana Evelia and Ramirez Maria H

Purchase Details

Closed on
May 17, 2005
Sold by
Siegel Jeffrey and The Bennie Lee Hornsby Trust
Bought by
Aldana Evelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 7, 2001
Sold by
Hornsby Bennie Lee and Bennie Lee Hornsby Trust
Bought by
Hornsby Jimmy and Bennie Lee Honrsby Trust

Purchase Details

Closed on
Oct 18, 1995
Sold by
Hornsby Bennie Lee
Bought by
Hornsby Bennie Lee and Bennie Lee Hornsby Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Kashani Real Estate Group Llc $650,000 Pacific Coast Title Company
La Vernon Investment Group Llc -- Accommodation
Khoubian Esmaeil -- None Available
Khoubien Esmaeil $430,000 None Available
Luna Osbaldo $315,000 Ticor Title Company
Elre Holdings Llc $193,000 None Available
Aldana Evelia -- None Available
Aldana Evelia -- None Available
Aldana Evelia -- None Available
Aldana Evelia -- None Available
Aldana Evelia $385,000 Old Republic Title Company
Aldana Evelia -- Ort
Hornsby Jimmy -- --
Hornsby Bennie Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kashani Real Estate Group Llc $487,500
Previous Owner Khoubian Esmaeil $322,500
Previous Owner Luna Osbaldo $309,294
Previous Owner Aldana Evelia $346,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2017 01/10/17 Sold $430,000 -6.5% $200 / Sq Ft
11/14/2016 11/14/16 Price Changed $460,000 -3.2% $214 / Sq Ft
09/21/2016 09/21/16 For Sale $475,000 +50.8% $221 / Sq Ft
11/01/2012 11/01/12 Sold $315,000 +5.4% $146 / Sq Ft View Prior Sale
10/10/2012 10/10/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $299,000 -- $139 / 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 $8,848 $710,865 $459,329 $251,536
2024 $8,848 $696,927 $450,323 $246,604
2023 $8,682 $683,263 $441,494 $241,769
2022 $8,288 $669,867 $432,838 $237,029
2021 $8,182 $656,733 $424,351 $232,382
2020 $6,017 $462,977 $323,564 $139,413
2019 $5,791 $453,900 $317,220 $136,680
2018 $5,620 $438,600 $331,500 $107,100
2016 $4,243 $327,672 $179,960 $147,712
2015 $4,185 $322,751 $177,257 $145,494
2014 $4,224 $316,429 $173,785 $142,644
Source: Public Records

Agents Affiliated with this Home

  • Nidya Pineda

    Seller's Agent in 2017

    Nidya Pineda

    Century 21 Jervis & Associates

    (310) 346-8946

    1 in this area

    26 Total Sales

    Nidya Pineda
    Section Image
  • Ryan Lusk

    Seller's Agent in 2012

    Ryan Lusk

    First Team Real Estate

    (562) 438-1132

    17 Total Sales

    Ryan Lusk
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16707946

California Regional Multiple Listing Service (CRMLS)

APN: 5116-006-024

California Los Angeles County Los Angeles 90011 Central Alameda

1323 E Vernon Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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