702 W Vernon Ave Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $7,504/month
Total Views
5,330
10
Beds
6
Baths
4,616
Sq Ft
$279
Price per Sq Ft
Highlights
- No HOA
- Laundry Room
- Wrought Iron Fence
About This Home
STRATEGICALLY LOCATED JUST A MILE FROM THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC)! Welcome to this 6 unit investment opportunity in the heart of Los Angeles! This property is an attractive option for student housing. The area boasts a high walkability score, with numerous dining, shopping, and entertainment options nearby. Public transportation is easily accessible, providing convenient connections throughout the city. The "live in one, rent the others" model offers the potential for steady rental income while maintaining a personal residence within the property. The configuration allows for flexibility in tenant arrangements, catering to a variety of rental needs. Take advantage of this unique opportunity to own a multi-unit property in a vibrant Los Angeles neighborhood. With its prime location and endless possibilities, this property is ready for you to make it your own. Schedule a showing today and explore all that it has to offer!
Listing Agent
Juan Carlos Martinez Brokerage Phone: 562-469-0770 License #02046723 Listed on: 05/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,853
Year Built
- Built in 1924
Lot Details
- 7,408 Sq Ft Lot
- Wrought Iron Fence
- Density is up to 1 Unit/Acre
- Property is zoned LAR3
Interior Spaces
- 4,616 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- Parking Available
- Off-Street Parking
Listing and Financial Details
- Tax Lot 62
- Tax Tract Number 232
- Assessor Parcel Number 5018032026
- $1,131 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,853 | $408,860 | $251,609 | $157,251 |
| 2024 | $5,853 | $400,844 | $246,676 | $154,168 |
| 2023 | $5,761 | $392,986 | $241,840 | $151,146 |
| 2022 | $5,536 | $385,282 | $237,099 | $148,183 |
| 2021 | $5,102 | $377,728 | $232,450 | $145,278 |
| 2019 | $4,963 | $366,526 | $225,556 | $140,970 |
| 2018 | $4,823 | $359,340 | $221,134 | $138,206 |
| 2016 | $4,573 | $345,390 | $212,549 | $132,841 |
| 2015 | $4,512 | $340,203 | $209,357 | $130,846 |
| 2014 | $4,567 | $333,539 | $205,256 | $128,283 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $1,290,000 | -1.9% | $279 / Sq Ft |
| 05/28/2025 05/28/25 | For Sale | $1,314,999 | -- | $285 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Orange Coast Title | |
| Interfamily Deed Transfer | -- | Pct | |
| Interfamily Deed Transfer | -- | Pct | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Grant Deed | $260,000 | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $720,000 | Commercial | |
| Closed | $472,000 | Commercial | |
| Closed | $40,000 | Commercial | |
| Closed | $24,800 | Commercial | |
| Closed | $445,200 | Commercial | |
| Closed | $202,000 | Commercial | |
| Previous Owner | $249,723 | FHA |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25119012
APN: 5018-032-026
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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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