1634 East Vernon Avenue

Los Angeles, CA 90011

$730,000
Last Sold Price
6
Beds
3
Baths
2,379 Sq. Ft.
$307 / Sq. Ft.
2,379
Sq. Ft.
$307
per Sq. Ft.

Description

Actual Current CAP 6.69% with 11.74 GRM. Cash Cow! Non-rent controlled Duplex, built in 2007. Both units are occupied by good standing Section 8 tenants. Each with individual washer & dryer, tenants pay all utilities including the water. There is a sub-meter for water by Vitality. Each unit comes with 2 car tandem parking. The lower unit's monthly rent is $2,576 & the upper unit's monthly rent is $2,641. Minutes away to Starbucks, Norms, Northgate market, IN & OUT, Wells Fargo, Bank of America &...Actual Current CAP 6.69% with 11.74 GRM. Cash Cow! Non-rent controlled Duplex, built in 2007. Both units are occupied by good standing Section 8 tenants. Each with individual washer & dryer, tenants pay all utilities including the water. There is a sub-meter for water by Vitality. Each unit comes with 2 car tandem parking. The lower unit's monthly rent is $2,576 & the upper unit's monthly rent is $2,641. Minutes away to Starbucks, Norms, Northgate market, IN & OUT, Wells Fargo, Bank of America & many more markets & restaurants. Owner only pays for tax, insurance, gardening & maintenance.
  1. Listed by Johnny Cho • DRE #01394690 • Brokerage DRE #00625769 • Compass
  2. Listed by David Lee Ruest • DRE #02045144 • Brokerage DRE #00625769 • Compass

Property Details for 1634 East Vernon Avenue

Zoning
LARD1.5
Style
Other
Parcel Number
5106003023
Total Units
2.0
Living Area
2379
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Johnny Cho, DRE #01394690; Compass, David Lee Ruest, DRE #02045144

Sold By Compass, Johnny Cho, DRE #01394690

Add your commute
LISTING UPDATED: 12/28/2021 04:39 PM

Property Details for 1634 East Vernon Avenue

StatusSold
MLS #21-699748
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size0.09 AC / 3,749 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Johnny Cho, DRE #01394690; Compass, David Lee Ruest, DRE #02045144

Sold By Compass, Johnny Cho, DRE #01394690

Add your commute

Building Information for 1634 East Vernon Avenue

Stories2Residences-Year Built2007Building Size-Lot Size0.09 AC / 3,749 SF

Payment Calculator

$4,774 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,984

Property Taxes

$790

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1634 East Vernon Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: (3+2)+(3+1)
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $62,604
  • Net Operating Income: $49,184.00
  • Gross Income: $62,400
  • Cap Rate: 6.69%
  • Gross Rent Multiplier: $11.74
  • Total Annual Expense: 13420
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0861
  • Lot Size Square Feet: 3749
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Gas Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-02-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,641.00
  • Unit Actual Rent: $2,641.00
  • Unit Projected Rent: $2,735.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,576.00
  • Unit Actual Rent: $2,576.00
  • Unit Projected Rent: $2,735.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $229,892.00
  • Assessed Improvement Percent: 55.22
  • Assessed Land Value: $186,399.00
  • Assessed Land Percent: 44.78
  • Assessed Total Value: $416,291.00

Property History for 1634 East Vernon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1634 East Vernon Avenue

Taxable ValueLand$416,160Additions$343,332Total$759,492
Tax Record2023$9,484 ($790 / month)
Home Facts
Total Finished SqFt2,379 SqFtAbove Grade Finished SqFt2,379 SqFtLot Size3,749 SqFtStyleDuplexYear Built2007ZoningLARD1.5CountyLOS ANGELESAPN5106-003-023

Schools near 1634 East Vernon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ascot Avenue Elementary School
PublicK to 5

Animo Jefferson Charter Middle School
Charter6 to 8

Nava College Preparatory Academy
Public9 to 12

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Johnny Cho, DRE #01394690; Compass, David Lee Ruest, DRE #02045144

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.