NOT LISTED FOR SALE

153 W Vernon Ave Los Angeles, CA 90037

Historic South Central Neighborhood
7 Beds
5 Baths
3,116 Sq Ft
5,006 Sq Ft Lot

Last Sold July 15, 2021

Last sale price $1,185,000 $380 Per Sq Ft

7 Days on Market

Highlights

  • Craftsman Architecture
  • Ceiling Fan
  • Gated Home
  • Tile Flooring

About This Home

As of July 2021

Welcome to this beautiful five unit investor's dream near Downtown L.A. The front building features a 3 Bedroom/2 Bath Unit, a 2 Bedroom/Den/1 Bath Unit and a 1 Bedroom/1 Bath Unit and the duplex in the back has two 1 Bedroom/1 Bath Units. Three units (3+2, 2+den+1, 1+1) have been recently remodeled with new kitchens and bathrooms, flooring and stainless steel kitchen appliances. The tenants are great and they pay on time. The units require very little maintenance and have a high rent potential. There are separate meters for gas and electricity and tenants pay for trash. This building is close to shops, restaurants and public transportation and is located near Exposition Park and The California Science Center, Grand Central Market, USC, Staples Center, Dodger Stadium and The Colosseum which provides a great opportunity to get into a high income producing building before the 2028 Summer Olympics come to Los Angeles. Please do not disturb the tenants. All offers subject to interior inspection.

Last Agent to Sell the Property

Deborah Perkins

Douglas Elliman License #01117746 Listed on: 05/26/2021

Douglas Elliman

Last Buyer's Agent

Shawn Raoufpour

Gold Realty License #01425538

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,006 Sq Ft Lot
  • Gated Home

Home Design

  • Craftsman Architecture

Interior Spaces

  • 3,116 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for trash collection, electricity
  • The owner pays for water
  • Assessor Parcel Number 5111-011-024

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 3116
  • Lot Acreage: 0.1149
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Mixed, Laminate
  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Refrigerator, Range/Oven, Hood Fan
  • Price Per S Q F T: 401.16

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Expense: 6000.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 500.00
  • Insurance Expense: 2400.00

Lot Info

  • Assessed Improvement Percent: 41.02
  • Assessed Improvement Value: 325645
  • Assessed Land Percent: 58.98
  • Assessed Land Value: 468180
  • Total Assessed Value: 793825
  • Assessor Parcel Number: 5111-011-024
  • Lot Size Area: 5006

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Trash Collection, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.90
  • Number Of Units: 5
  • Total Annual Expense: 18900
  • Type Of Units: 5
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 10000.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $1,185,000 -5.2% $380 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $1,250,000 +19.0% $401 / Sq Ft
12/18/2020 12/18/20 Sold $1,050,000 -2.3% $337 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $1,075,000 +40.9% $345 / Sq Ft
06/05/2018 06/05/18 Sold $763,000 -4.5% $245 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $799,000 -- $256 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Deborah Perkins

    Seller's Agent in 2021

    Deborah Perkins

    Douglas Elliman

    (310) 570-3200

    2 in this area

    11 Total Sales

    Deborah Perkins
    Section Image
  • Shawn Raoufpour

    Buyer's Agent in 2021

    Shawn Raoufpour

    Gold Realty

    (310) 346-4343

    1 in this area

    28 Total Sales

    Shawn Raoufpour
    Section Image
  • Gabriela Lambert

    Seller's Agent in 2020

    Gabriela Lambert

    Innovative Property Strategies

    (310) 699-6946

    2 in this area

    13 Total Sales

    Gabriela Lambert
    Section Image
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Map

Source: The MLS

MLS Number: 21-736740

The MLS
California Los Angeles County Los Angeles 90037 Historic South Central

153 W Vernon Ave, Los Angeles, CA

This home is located at 153 W Vernon Ave, Los Angeles, CA 90037 since 26 May 2021. This property was built in 1921. 153 W Vernon Ave is a home located in Los Angeles County with nearby schools including West Vernon Avenue Elementary School, William Jefferson Clinton Middle School, and Thomas Jefferson Senior High School.

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