$4,500,000
SOLD APR 1, 2025
48 Beds
32 Baths
15,048 Sq Ft
6,135 Sq Ft Lot

Recently Sold

$299 Per Sq Ft

10% Below List Price

29 Days on Market

About This Home

As of April 2025

GREAT DEVELOPMENT OPPORTUNITY! The 6,133 SF parcel is zoned C2-1VLCPIOand is a Tier-3 TOC corner lot with alley access. The 5-storyproperty is 80% completed. All 16 units will be 3 Bedroom and 2 Bathroom units, ranging from 880 SF to 1,006 SF in size with open layouts and washer/dryer hookups. 12 of the 16 units will feature their own private balcony. Parking will be on-grade (street level). Approved total building area will be 17,121 square feet with approved floor area of 15,040 square feet. The approved housing covenant allows 14 units to be rented at market rent and 2 units to be rented at the affordable housing rate. The Property is surrounded by a newly installed security gate and iron bar. The property is located within 1 mile of USC and nearby the Los Angeles Memorial Coliseum & SoFi Stadium, where the 2028 Olympic games will be held. || ON TUESDAY, FEBRUARY 25, 2025, AT 9:30 AM AT THE STANLEY MOSK COURTHOUSE,DEPT. 85, 111 N HILL ST., LOS ANGELES, CA 90012, THE REAL PROPERTY LOCATED AT4324 SOUTH VERMONT AVE, LOS ANGELES, CA 90037 WILL BE SOLD BY WAY OF A COURT CONFIRMATION AND OVERBID HEARING. THE OPENING BID WILL BE $4,620,000. BIDDERS SHOULD CONTACT THE COURT RECEIVER ATLEAST 2 BUSINESS DAYS BEFORE THE HEARING TO PREQUALIFY TO BID BY: (1) SIGNINGTHE RULES FOR CONFIRMATION AND OVERBID HEARING; (2) PROVIDING PROOF OFFUNDS AS TO THE BIDDER'S HIGHEST BID; (3) PROVIDING A $150,000 DEPOSIT VIACASHIER'S CHECK OR WIRE/ACH. ALL BIDDERS THAT ARE NOT THE WINNING BIDDERWILL RECEIVE THEIR $150,000 DEPOSIT BACK FOLLOWING THE HEARING. PREQUALIFIED BIDDERS MAY APPEAR IN PERSON OR REMOTELY. CALL BROKER FOR MORE DETAILS.

Last Agent to Sell the Property

Alvin Scioneaux

Lee & Associates Investments Services Group Inc License #02204613 Listed on: 09/09/2024

Co-Listed By

Matthew C. Sullivan

Lee & Associates Investments Services Group Inc License #00848427

Last Buyer's Agent

Jesse Munoz

Lee & Associates Investments Services Group Inc License #01372980

Lee & Associates Investments Services Group Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • 6,135 Sq Ft Lot

Home Design

  • 15,048 Sq Ft Home

Bedrooms and Bathrooms

  • 48 Bedrooms
  • 32 Bathrooms

Parking

  • 8 Parking Spaces
  • Gated Parking
  • Parking Garage Space

Community Details

  • 16 Units
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 5020-035-018

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Living Area: 15048
  • Lot Acreage: 0.1408
  • Stories: 5
  • Year Built: 2024
  • State Abbrv: CA
  • Special Features: 1026
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 48
  • Total Bathrooms: 32.00
  • Price Per S Q F T: 332.27

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Community Garage, Gated
  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 0
  • Assessed Land Value: 1275000
  • Assessor Parcel Number: 5020-035-018
  • Lot Size Area: 6135

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 8.10
  • Number Of Units: 16
  • Type Of Units: 3 bed/2 bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Mar 20, 2025
Sold by
Singer Kevin
Bought by
4324 Mdni Llc
Seller's Agent
Alvin Scioneaux
Lee & Associates Investments Services Group Inc
Buyer's Agent
Jesse Munoz
Lee & Associates Investments Services Group Inc
List Price
$5,000,000
Sold Price
$4,500,000
Premium/Discount to List
-$500,000
-10%
Views
27
Current Estimated Value
$1,395,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,104,571
Original Mortgage
$5,000,000
Outstanding Balance
$1,704,866
Interest Rate
6.87%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 3, 2021
Sold by
1031 Pros Titleholder 1036 Llc
Bought by
4324 S Vermon Llc

Purchase Details

Closed on
May 10, 2016
Sold by
Javdan Fred
Bought by
Motivated Mind Llc

Purchase Details

Closed on
Feb 26, 2016
Sold by
Javdanfar Rahmatollah
Bought by
Javdan Fred

Purchase Details

Closed on
Nov 20, 2015
Sold by
Hope Family Care Llc
Bought by
Javdanfar Rahmatollah and Javdan Fred

Purchase Details

Closed on
Mar 1, 2012
Sold by
Daley Lucia and The Leonela A Sanz Living Trus
Bought by
Hope Family Care Llc

Purchase Details

Closed on
Jun 2, 2011
Sold by
Cal Tex Consulting & Leasing Corporation
Bought by
Daley Lucia and The Leonela A Sanz Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $4,500,000 Orange Coast Title Company
Grant Deed $1,250,000 Chicago Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Grant Deed $270,000 Fidelity National Title Co
Trustee Deed $250,140 Accommodation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,000,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2025 04/01/25 Sold $4,500,000 -10.0% $299 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $5,000,000 +300.0% $332 / Sq Ft
12/28/2021 12/28/21 Sold $1,250,000 +8.7% -- View Prior Sale
08/16/2021 08/16/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $1,150,000 0.0% --
07/09/2021 07/09/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $1,150,000 -- --
Source: The MLS

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 $16,062 $1,326,510 $1,326,510 --
2024 $16,062 $1,300,500 $1,300,500 --
2023 $15,756 $1,275,000 $1,275,000 $0
2022 $15,031 $1,250,000 $1,250,000 $0
2021 $4,123 $313,301 $290,097 $23,204
2020 $4,159 $310,090 $287,123 $22,967
2019 $4,008 $304,011 $281,494 $22,517
2018 $3,872 $298,051 $275,975 $22,076
2016 $3,686 $286,479 $265,259 $21,220
2015 $3,635 $282,177 $261,275 $20,902
2014 $3,658 $93,701 $55,728 $37,973
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-437609

The MLS

APN: 5020-035-018