NOT LISTED FOR SALE

705 E Vernon Ave Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $644,000 - $804,000

3 Beds
2 Baths
1,208 Sq Ft
$603/Sq Ft Est. Value

Last Sold March 17, 2015

Last sale price $320,000 $265 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,213/month

63 Days on Market

About This Home

As of March 2015

**STANDARD SALE** Excellent Opportunity to Purchase a 2 Unit Income Property in a Wonderful Quiet Neighborhood! **Common Square Footage...county records shows 1208 sq ft on a 4695 sq ft Lot! **Both units have just been REMODELED w/ **Gorgeous New GRANITE! **Brand New APPLIANCES(to be installed prior to COE)!!! **New Paint inside & out!! **New Carpet & Flooring Throughout!! Front Unit is estimated to rent at $1250.00/ month and the other unit for $850.00/month for a total of $2100.00 or more each month for and ANNUAL est INCOME OF $25,200.00 or More...Year After Year of steady income! Close to Great Schools & Parks!! Excellent freeway access for commuting. Quick Response to all offers. Hurry, will sell fast!***

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 01/15/2015

Last Buyer's Agent

NoEmail NoEmail

Reciprocal Listing License #00000

Reciprocal Listing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,695 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Parking Spaces

Home Design

  • 1,208 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 4547
  • Assessor Parcel Number 5115011025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $2,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5115011025
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 264.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4695.00
  • Lot Size Acres: 0.1080

Multi Family

  • Gross Income: 2100.00
  • Gross Scheduled Income: 25200.00
  • Lot Size Area: 4695.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 43
  • Tax Tract Number: 4547

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2015
Closed on
Feb 12, 2015
Sold by
Gb Inland Properties Ii Llc
Bought by
Estrada Claudia
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
NoEmail NoEmail
Reciprocal Listing
List Price
$319,000
Sold Price
$320,000
Premium/Discount to List
$1,000
0.31%
Current Estimated Value
$728,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,217
Avg. Annual Appreciation
7.88%
Original Mortgage
$314,204
Outstanding Balance
$239,407
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$488,810

Purchase Details

Closed on
Mar 19, 2009
Sold by
Gonzalez Antonio
Bought by
Franco Gustavo and Franco Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,725
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2002
Sold by
Gonzalez Esperanza
Bought by
Gonzalez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Interest Rate
6.74%

Purchase Details

Closed on
Jun 30, 1993
Sold by
Villanueva Jose Antonio and Villanueva Laura R
Bought by
Gonzalez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,200
Interest Rate
6.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Estrada Claudia $320,000 Ticor Title
Franco Gustavo $236,000 Pacific Coast Title Company
Gonzalez Antonio -- First American Title Ins Co
Gonzalez Antonio -- First American Title Ins Co
Gonzalez Antonio $135,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estrada Claudia $314,204
Previous Owner Franco Gustavo $231,725
Previous Owner Gonzalez Antonio $109,200
Previous Owner Gonzalez Antonio $101,200
Closed Gonzalez Antonio $13,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2015 03/17/15 Sold $320,000 +0.3% $265 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
12/11/2014 12/11/14 For Sale $319,000 -- $264 / 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 $4,863 $384,585 $240,367 $144,218
2024 $4,863 $377,045 $235,654 $141,391
2023 $4,773 $369,653 $231,034 $138,619
2022 $4,558 $362,405 $226,504 $135,901
2021 $4,500 $355,300 $222,063 $133,237
2020 $4,542 $351,938 $219,787 $132,151
2019 $4,371 $345,044 $215,478 $129,566
2018 $4,295 $338,284 $211,253 $127,031
2016 $4,103 $324,880 $203,050 $121,830
2015 $2,784 $214,195 $152,997 $61,198
2014 $3,843 $295,150 $155,209 $139,941
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rick Young

    Young Estate Services

    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    Reciprocal Listing

    (646) 541-2551

    6,223 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14256946

California Regional Multiple Listing Service (CRMLS)

APN: 5115-011-025

California Los Angeles County Los Angeles 90011 Historic South Central

705 E Vernon Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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