NOT LISTED FOR SALE

1528 E Vernon Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $696,000 - $874,000

5 Beds
4 Baths
2,216 Sq Ft
$353/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2019

Last sale price $610,000 $275 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,971 / mo

3 Days on Market

Highlights

  • No HOA
  • Wrought Iron Fence
  • Heating System Uses Natural Gas
  • Cooling System Mounted To A Wall/Window
  • Turnkey

About This Home

As of December 2019

Great investment property. Gated 4-Unit property on 3 separate structures. One unit is a 2-bed/1-bath, and three units are 1-bed/1-bath each. Property comes with long term stable tenants and minimal maintenance. Start collecting income right away.

Last Agent to Sell the Property

Ilya Tsipis

Fair Realty License #01865830 Listed on: 12/03/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,501 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Home Design

  • 2,216 Sq Ft Home
  • Quadruplex
  • Turnkey

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 6 / 2
  • Assessor Parcel Number 5106001002

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $600
  • Insurance Expense $592
  • Water Sewer Expense $4,200
  • New Taxes Expense $4,004
  • Operating Expense $9,396
  • Gross Income $41,124
  • Net Operating Income $31,728

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 4200.00
  • Zoning: LAC2
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5106001002
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 275.27

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Multi Family

  • Fuel Expense: 600.00
  • Gross Income: 41124.00
  • Gross Scheduled Income: 41124.00
  • Insurance Expense: 592.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 31728.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9396.00
  • Rent Control: Yes
  • Total Actual Rent: 41124.00
  • Total Expenses: 9396.00

Tax Info

  • New Taxes Expense: 4004.00
  • Tax Block: 2
  • Tax Census Tract: 2288.00
  • Tax Lot: 6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2020
Sold by
Bought by
Current Estimated Value
$781,865

Purchase Details

Listed on
Dec 3, 2019
Closed on
Dec 10, 2019
Sold by
Bought by
Seller's Agent
Ilya Tsipis
Fair Realty
List Price
$610,000
Sold Price
$610,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%

Purchase Details

Listed on
Apr 18, 2013
Closed on
Apr 22, 2013
Sold by
Bought by
Seller's Agent
ERIK RUIZ
CENTURY 21 REALTY MASTERS
Buyer's Agent
David Franco
MGR REAL ESTATE, INC.
List Price
$309,000
Sold Price
$290,000
Premium/Discount to List
-$19,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%

Purchase Details

Closed on
Feb 2, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2003
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ticor Title
$610,000 Ticor Title
$290,000 Wfg Title Company Of Ca
-- Provident Title Company
$120,000 Calcounties Title Nation
-- Chicago
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $104,500
Previous Owner $59,157
Previous Owner $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2019 12/23/19 Sold $610,000 0.0% $275 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
12/03/2019 12/03/19 For Sale $610,000 +110.3% $275 / Sq Ft
05/07/2013 05/07/13 Sold $290,000 -6.1% $131 / Sq Ft View Prior Sale
04/22/2013 04/22/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $309,000 -- $139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,517 $667,119 $470,265 $196,854
2024 $8,416 $654,040 $461,045 $192,995
2023 $8,260 $641,216 $452,005 $189,211
2022 $7,890 $628,644 $443,143 $185,501
2021 $7,789 $616,318 $434,454 $181,864
2020 $8,473 $610,000 $430,000 $180,000
2019 $4,272 $320,127 $209,738 $110,389
2018 $4,091 $313,851 $205,626 $108,225
2016 $3,896 $301,666 $197,643 $104,023
2015 $3,842 $297,136 $194,675 $102,461
2014 $3,924 $291,316 $190,862 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Ilya Tsipis

    Seller's Agent in 2019

    Ilya Tsipis

    Fair Realty

    (818) 625-4184

    46 Total Sales

    Ilya Tsipis
    Section Image
  • ERIK RUIZ

    Seller's Agent in 2013

    ERIK RUIZ

    CENTURY 21 REALTY MASTERS

    (323) 722-7300

    1 in this area

    50 Total Sales

    ERIK RUIZ
    Section Image

  • D

    Buyer's Agent in 2013

    David Franco

    MGR REAL ESTATE, INC.

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19275172

California Regional Multiple Listing Service (CRMLS)

APN: 5106-001-002

California Los Angeles County Los Angeles 90011 Central Alameda

1528 E Vernon Ave, Los Angeles, CA

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.