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Los Angeles, CA 90037 1226 W Vernon Avenue

$750,000

Pending
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Presented By: Michael Johnson with Realty Executives All Cities; 310 968-6583
  • MLS# RS24022171
  • 01/30/2024
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 3
  • FootageSQFT • 2,559

Home Details

Ok. Come get it. Fell out of escrow. This is a great fixer with income. Two separate buildings on a large lot. Large 4 Bedroom 2 Bathroom in the front. 1 Bedroom, 1 bath in the rear. Needs work. This is the perfect owner/owner property. FHA 203K renovation laon should do the trick. Only 3.5% down. Large backyard. Close to downtown, shopping and transportation. Property profile shows a 5 bedroom, 2 bath. Please do your own research concerning permits and everything else. Long driveway for multiple cars. Showing is subject to interior inspection. Property is priced to sell. Let's Go!! Contact me with any questions.
Presented By: Michael Johnson with Realty Executives All Cities; 310 968-6583

Interior Features for 1226 W Vernon Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 1226 W Vernon Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.9
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, StreetLights, Sidewalks
ContingencySubject to 1031 Deferred exchange or 453 Exchange
CoolingNone
CountyLos Angeles
Current FinancingNone
Days on Market35
DirectionsArlington - East / Crenshaw - West / Vernon - South / MLK - North
ElectricElectricityOnProperty
Electric Expense0.0
Entry LocationStreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, WallFurnace
Home Warranty Y/NNo
Insurance Expense2700.0
Interior FeaturesLaminateCounters, BedroomonMainLevel
Land Lease Amount0.0
Land Lease Y/NYes
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoExistingLoan, Conventional, Item1031Exchange, FHA203k
Lot Size Square Feet6574.0
MLS AreaC23 - Metropolitan
MobileHomeRemainsYNNo
Net Operating Income29680.0
New ConstructionNo
Operating Expense20720.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street NameVernon
Tax Lot6
Taxes$9,500
Tenant PaysElectricity, Gas
Total Units2
Trash Expense800.0
UtilitiesNaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Water Sewer Expense4000.0
Waterfront Y/NNo
Year Built1926
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1226 W Vernon Avenue

Building Area Total2559.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, Lawn, NoLandscaping, NearPublicTransit, Paved, StreetLevel, Walkstreet, Yard
Lot Size Acres0.1509
Lot Size Area6574.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Road Frontage TypeAlley
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $750,000
MLS#RS24022171
List Date 01/30/2024
Property Type Pending
Phone 714.964.3311
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*According to the National Association of Realtors