NOT LISTED FOR SALE

3118 W Vernon Ave Los Angeles, CA 90008

Hyde Park Neighborhood

Estimated Value: $898,000 - $1,093,000

8 Beds
4 Baths
2,700 Sq Ft
$378/Sq Ft Est. Value

Last Sold November 03, 2012

Last sale price $375,000 $139 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $6,051/month

29 Days on Market

Highlights

  • Contemporary Architecture
  • Central Heating
  • 4-minute walk to Leimert Park
  • Wood Flooring

About This Home

As of November 2012

3118-3120 W Vernon Ave, 4 bedroom 2 bath units each. Built in 2007. Both Units are Section 8 approved

Last Agent to Sell the Property

Anthony Estevez

The Ave License #01886963 Listed on: 09/22/2012

Last Buyer's Agent

Jangwon Lee

Jangwon Lee, Broker License #01871352

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,832

Year Built

  • Built in 2007

Lot Details

  • 3,721

Parking

  • 4 Parking Spaces

Home Design

  • 2,700 Sq Ft Home
  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Vinyl

Additional Features

  • 3,721 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 3813
  • Assessor Parcel Number 5014004030

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $30
  • Insurance Expense $1,000
  • Trash Expense $50
  • New Taxes Expense $4,315
  • Gross Income $3,950
  • Net Operating Income $47,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,832

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 12.64
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 30.00
  • Parcel Number: 5014004030
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 138.89

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In
  • Heating Type: Central
  • Trash Expense: 50.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3721.00
  • Lot Size Acres: 0.0850

Multi Family

  • Gross Income: 3950.00
  • Gross Multiplier: 7.91
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 3721.0000 Square Feet
  • Net Operating Income: 47400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Total Actual Rent: 3950.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4315.00
  • Tax Area: 212
  • Tax Lot: 24
  • Tax Tract Number: 3813
  • Tax Year: 4315

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2012
Closed on
Oct 15, 2012
Sold by
Motto Wendy and Motto Charles Todd
Bought by
Chelsea Property Management Llc
Seller's Agent
Anthony Estevez
The Ave
Buyer's Agent
Jangwon Lee
Jangwon Lee, Broker
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$1,021,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$646,379
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Nov 9, 2010
Sold by
Motto Wendy and Motto Charles Todd
Bought by
Motto Wendy and Charles Todd Justin Lee

Purchase Details

Closed on
Jul 12, 2010
Sold by
Quon Rene F
Bought by
Motto Wendy and Charles Justin Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,681
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 2009
Sold by
Quon Wilken G and Quon Aida D
Bought by
Quon Rene F

Purchase Details

Closed on
Jan 30, 2009
Sold by
Quon Rene F
Bought by
Quon Rene F

Purchase Details

Closed on
Aug 3, 2007
Sold by
Diamond Properties Development Inc
Bought by
Quon Rene F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
7.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chelsea Property Management Llc $375,000 Ticor Title Company Of Ca
Motto Wendy -- None Available
Motto Wendy $325,000 Fidelity National Title
Quon Rene F -- None Available
Quon Rene F -- None Available
Quon Rene F $699,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Motto Wendy $320,681
Previous Owner Quon Rene F $559,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2012 11/03/12 Sold $375,000 0.0% $139 / Sq Ft
10/21/2012 10/21/12 Pending -- -- --
09/22/2012 09/22/12 For Sale $375,000 -- $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 $5,832 $461,774 $301,695 $160,079
2024 $5,832 $452,721 $295,780 $156,941
2023 $5,728 $443,845 $289,981 $153,864
2022 $5,474 $435,144 $284,296 $150,848
2021 $5,393 $426,613 $278,722 $147,891
2019 $5,237 $413,961 $270,456 $143,505
2018 $5,156 $405,845 $265,153 $140,692
2016 $4,911 $390,087 $254,857 $135,230
2015 $4,842 $384,228 $251,029 $133,199
2014 $4,869 $376,702 $246,112 $130,590
Source: Public Records

Agents Affiliated with this Home

  • Anthony Estevez

    Seller's Agent in 2012

    Anthony Estevez

    The Ave

    (310) 465-3566

    43 Total Sales

    Anthony Estevez
    Section Image

  • J

    Buyer's Agent in 2012

    Jangwon Lee

    Jangwon Lee, Broker

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1205019

California Regional Multiple Listing Service (CRMLS)

APN: 5014-004-030

California Los Angeles County Los Angeles 90008 Hyde Park

3118 W Vernon Ave, Los Angeles, CA

This home is located at 3118 W Vernon Ave, Los Angeles, CA 90008 since 22 September 2012 and is currently estimated at $1,021,379, approximately $378 per square foot. This property was built in 2007. 3118 W Vernon Ave is a home located in Los Angeles County with nearby schools including Forty-Second Street Elementary School, Audubon Middle School, 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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