NOT LISTED FOR SALE

1572 E Vernon Ave Los Angeles, CA 90011

Central Alameda Neighborhood

Estimated Value: $812,000 - $1,194,000

8 Beds
4 Baths
2,771 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 04, 2018

Last sale price $701,000 $253 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,015/month

80 Days on Market

Highlights

  • Property is near public transit
  • Paved or Partially Paved Lot
  • 4-minute walk to Vernon Station

About This Home

As of October 2018

CALLING ALL INVESTORS!!! INCREDIBLE OPPORTUNITY TO OWN 4 UNITS IN LOS ANGELES. EXCELLENT LOCATION NEAR DOWNTOWN WITH 2 BUILDINGS CONTAINING 2 UNITS 2 BEDROOMS 1 BATH EACH. STEADY CASH FLOW AND LOW MAINTENANCE. THE PROPERTY WILL BE DELIVERED WITH TENANTS IN PLACE. SOLD "AS IS " DRIVE BY ONLY! PLEASE DO NOT CONTACT OCCUPANTS. SEE YOU IN ESCROW!

Last Agent to Sell the Property

Cristina Corea

Stonewood Realty Group Inc. License #01871833 Listed on: 04/27/2018

Last Buyer's Agent

Cyrus Raoufpur

Trans-Atlas Realty License #01256971

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,041

Year Built

  • Built in 1951

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Home Design

  • 2,771 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 5,6
  • Tax Tract Number 3
  • Assessor Parcel Number 5106002003

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Water Sewer Expense $3,000
  • Operating Expense $3,000
  • Net Operating Income $57,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,041

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5106002003
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 252.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Paved
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Scheduled Income: 60420.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 57420.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3000.00
  • Rent Control: Yes
  • Total Actual Rent: 60420.00
  • Total Expenses: 3000.00

Tax Info

  • Tax Census Tract: 2288.00
  • Tax Lot: 5,6
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2022
Sold by
Cohen and Farhad
Bought by
Equinox 26 Llc
Current Estimated Value
$964,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,650
Outstanding Balance
$454,965
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$435,694

Purchase Details

Listed on
Apr 27, 2018
Closed on
Sep 29, 2018
Sold by
Cohen Fariba
Bought by
Cohen Avner
Seller's Agent
Cristina Corea
Stonewood Realty Group Inc.
Buyer's Agent
Cyrus Raoufpur
Trans-Atlas Realty
List Price
$680,000
Sold Price
$701,000
Premium/Discount to List
$21,000
3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%

Purchase Details

Closed on
Jul 17, 2018
Sold by
Gonzalez Rosalia D and Gonzalez Florencio
Bought by
Fouladian Farhad and Maghen Nazlina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,700
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 20, 2006
Sold by
Deleon Gonzalez Florencio and Deleon Gonzalez Rosalia
Bought by
Gonzalez Florencio and Gonzalez Rosalia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Interest Rate
6.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 8, 2005
Sold by
Gonzalez Florencio and Gonzalez Rosalia De Leon
Bought by
Gonzalez Florencio and Gonzalez Rosalia De Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 24, 2005
Sold by
Leon Marciano and Gonzalez Eleazar
Bought by
Gonzales Florencio and Gonzales Rosalia De Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 28, 2005
Sold by
Nava Juana and Leon Marcos
Bought by
Gonzales Florencio and Gonzales Rosalia De Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 15, 2004
Sold by
Oviedo Jacqueline
Bought by
Young Adrian L

Purchase Details

Closed on
Sep 5, 2001
Sold by
Affordable Shelters Inc
Bought by
Nava Juana and Leon Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,874
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 11, 2000
Sold by
Hud
Bought by
Affordable Shelters Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
8.2%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 31, 2000
Sold by
Norwest Mortgage Inc
Bought by
Hud

Purchase Details

Closed on
Apr 30, 1998
Sold by
Guzman Santos and Deleon Olga Marina
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
May 24, 1996
Sold by
Cristina Cynthia
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,850
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 1996
Sold by
Espinoza Lorenzo
Bought by
Cristina Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,850
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 1996
Sold by
Espinoza Lorenzo
Bought by
Guzman Santos and Deleon Olga Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,850
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 1996
Sold by
Espinoza Cynthia
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,850
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 1996
Sold by
Bankers Trust Company
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.99%

Purchase Details

Closed on
Mar 28, 1995
Sold by
Lee Robert A and Quality Mtg Usa Inc
Bought by
Bankers Trust Company
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Equinox 26 Llc -- Western Resources Title
Cohen Avner -- Stewart Title
Fouladian Farhad $701,000 Stewart Title
Gonzalez Florencio -- Security Union Title
Gonzalez Florencio -- Security Union Title
Gonzales Florencio -- --
Gonzales Florencio -- Security Union Title
Gonzales Florencio -- Security Union Title
Young Adrian L -- Investors Title
Nava Juana $267,000 Benefit Land Title Company
Affordable Shelters Inc $188,000 Provident Title
Hud -- First American Title Ins Co
Norwest Mtg Inc $242,729 First American Title Ins Co
Espinoza Lorenzo -- First American Title Co
Cristina Cynthia -- --
Guzman Santos $255,000 First American Title Co
Espinoza Lorenzo -- First Southwestern Title Co
Espinoza Lorenzo $100,000 First Southwestern Title Co
Bankers Trust Company $160,252 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cohen Avner $491,650
Previous Owner Fouladian Farhad $490,700
Previous Owner Gonzalez Florencio $458,500
Previous Owner Gonzalez Florencio $420,000
Previous Owner Gonzales Florencio $420,000
Previous Owner Nava Juana $262,874
Previous Owner Affordable Shelters Inc $166,500
Previous Owner Guzman Santos $221,850
Previous Owner Espinoza Lorenzo $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2018 10/04/18 Sold $701,000 +3.1% $253 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $680,000 -3.0% $245 / Sq Ft
05/22/2018 05/22/18 Off Market $701,000 -- --
04/27/2018 04/27/18 For Sale $680,000 -- $245 / 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 $11,041 $891,414 $594,276 $297,138
2024 $11,041 $873,936 $582,624 $291,312
2023 $10,833 $856,800 $571,200 $285,600
2022 $9,137 $736,874 $420,470 $316,404
2021 $9,018 $722,426 $412,226 $310,200
2020 $9,105 $715,360 $408,000 $307,360
2019 $8,756 $701,340 $400,000 $301,340
2018 $7,589 $600,853 $288,246 $312,607
2016 $7,240 $577,197 $277,054 $300,143
2015 $7,138 $568,528 $272,893 $295,635
2014 $7,185 $557,392 $267,548 $289,844
Source: Public Records

Agents Affiliated with this Home

  • Cristina Corea

    Seller's Agent in 2018

    Cristina Corea

    Stonewood Realty Group Inc.

    (562) 242-2900

    65 Total Sales

    Cristina Corea
    Section Image
  • Cyrus Raoufpur

    Buyer's Agent in 2018

    Cyrus Raoufpur

    Trans-Atlas Realty

    (858) 259-6200

    3 Total Sales

    Cyrus Raoufpur
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18098080

California Regional Multiple Listing Service (CRMLS)

APN: 5106-002-003

California Los Angeles County Los Angeles 90011 Central Alameda

1572 E Vernon Ave, Los Angeles, CA

This home is located at 1572 E Vernon Ave, Los Angeles, CA 90011 since 27 April 2018 and is currently estimated at $964,652, approximately $348 per square foot. This property was built in 1951. 1572 E Vernon Ave is a home located in Los Angeles County with nearby schools including Ascot Avenue Elementary School, 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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