NOT LISTED FOR SALE

1572 W Vernon Ave Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $749,000 - $1,007,000

5 Beds
3 Baths
2,015 Sq Ft
$433/Sq Ft Est. Value

Last Sold May 11, 2012

Last sale price $307,970 $153 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $5,156/month

Highlights

  • Fireplace
  • Central Air
  • Heating Available
  • Laundry Room

About This Home

As of May 2012

This 3 units property is compeletly redone all new elecrical,plumbing,new cabinets and new tankless water heater, all units are laminate flooring and tiles
Main Front House
-the front house is 2 bedroom and 1bathroom, big kitchen, living room with laundry room inside
Backunit
-1st floor one single one bath with kitchen
-2nd floor 2 bedrooms and 2 bathrooms with big kitchen with additional laundry room
MUST SELL

Last Agent to Sell the Property

Justin Maghen

Justin Maghen License #01853540 Listed on: 04/04/2012

Last Buyer's Agent

Angeles Garnica

Keller Williams SELA License #01383846

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,984

Year Built

  • Built in 1911

Lot Details

  • 5,874 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,015 Sq Ft Home
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 9 / 33
  • Assessor Parcel Number 5016003009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Maintenance Expense $800
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,400
  • Gross Income $3,700
  • Net Operating Income $37,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,984

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Inclusions: stoves
  • Other Phone Description: abe maghen
  • Other Phone Number: (310)704-977
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 5016003009
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 152.84

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Fireplace(s)
  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 5874.00
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5874.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 37400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 3400.00
  • Tax Block: 33
  • Tax Lot: 9
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2022
Sold by
Margarita Turner
Bought by
Turner Margarita and Martinez Jose Colchado
Current Estimated Value
$871,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,150
Outstanding Balance
$566,648
Interest Rate
5.55%
Mortgage Type
FHA
Estimated Equity
$305,184

Purchase Details

Closed on
Sep 16, 2019
Sold by
Turner Margarita
Bought by
Turner Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,410
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 4, 2012
Closed on
Apr 6, 2012
Sold by
Dardashti Mehrdad
Bought by
Turner Margarita
Seller's Agent
Justin Maghen
Justin Maghen
Buyer's Agent
Angeles Garnica
Keller Williams SELA
Sold Price
$307,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$300,162
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 2011
Sold by
Melamed Iris
Bought by
Dardashti Mehrdad

Purchase Details

Closed on
Apr 16, 2008
Sold by
Bradley Jerelene
Bought by
Leach Robert and Bradley Jerelene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2005
Sold by
Bradley Jerelene
Bought by
Bradley Jerelene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2000
Sold by
Bradley Alton Dewey
Bought by
Bradley Jerelene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.98%
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
Turner Margarita -- California Best Title Company
Turner Margarita -- Old Republic Title Company
Turner Margarita -- Old Republic Title Company
Turner Margarita $308,000 North American Title Company
Dardashti Mehrdad -- Investors Title
Dardashti Mehrdad $170,000 Investors Title
Leach Robert -- Commonwealth Land Title Co
Bradley Jerelene -- Landamerica Commonwealth Tit
Bradley Jerelene -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Margarita $590,150
Previous Owner Turner Margarita $445,410
Previous Owner Turner Margarita $361,212
Previous Owner Turner Margarita $300,162
Previous Owner Leach Robert $372,000
Previous Owner Bradley Jerelene $75,000
Previous Owner Bradley Jerelene $310,000
Previous Owner Bradley Jerelene $415,500
Previous Owner Bradley Jerelene $152,000
Previous Owner Bradley Jerelene $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2012 05/11/12 Sold $307,970 -- $153 / Sq Ft
04/04/2012 04/04/12 Pending -- -- --
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 $4,984 $386,854 $251,206 $135,648
2024 $4,984 $379,270 $246,281 $132,989
2023 $4,898 $371,834 $241,452 $130,382
2022 $4,685 $364,544 $236,718 $127,826
2021 $4,618 $357,397 $232,077 $125,320
2020 $4,661 $353,733 $229,698 $124,035
2019 $4,488 $346,798 $225,195 $121,603
2018 $4,385 $339,999 $220,780 $119,219
2016 $4,183 $326,798 $212,207 $114,591
2015 $4,125 $321,890 $209,020 $112,870
2014 $4,152 $315,586 $204,926 $110,660
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Justin Maghen

    Justin Maghen

    (310) 896-8296

    3 Total Sales

    Justin Maghen
    Section Image

  • A

    Buyer's Agent in 2012

    Angeles Garnica

    Keller Williams SELA

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F11109631

California Regional Multiple Listing Service (CRMLS)

APN: 5016-003-009

California Los Angeles County Los Angeles 90062 Vermont Square

1572 W Vernon Ave, Los Angeles, CA

This home is located at 1572 W Vernon Ave, Los Angeles, CA 90062 since 04 April 2012 and is currently estimated at $871,832, approximately $432 per square foot. This property was built in 1911. 1572 W Vernon Ave is a home located in Los Angeles County with nearby schools including Normandie Avenue Elementary School, Barack Obama Global Preparation Academy, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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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