21 days on rocket

616 Vernon Ave, Venice, CA, 90291

$1,999,900

Home List Price

$10,000*

Closing Credit

10 Bedrooms
6 Baths
3,916 SqFt
$511/SqFt
House

Location

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616 Vernon Ave, Los Angeles$1,999,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1964
HeatingWall Furnace
CoolingNone
MLS #24466739
Lot Size0.11 Acres
StatusActive

About 616 Vernon Ave

Searching for an incredible investment opportunity in a highly lucrative area? Enviably set in a tranquil Oakwood neighborhood, this gated multi-family property in Venice could be the amazing venture you're looking for! Five well-proportioned units are all occupied. Each abode features an open-concept main living area with large windows spilling abundant natural light throughout, illuminating the interior's crisp white tones and gorgeous wood-style flooring. Cooking is a breeze with the galley-style kitchen that graces every unit, equipping the culinary enthusiast with quality appliances, ample cabinetry, and sleek granite countertops. Comfortable bedrooms with generous closets await after a long day, accommodated by a refreshing bath with a shower/tub combo. Decorative railing on the second floor's overlooking walkway makes it an attractive spot for relaxing with morning coffee, while ground-level residences share a sun-kissed patio bordered by lush bamboo. A multi-car rear lot is available in addition to plentiful street parking. Its fantastic location puts you close to Pacific Coast Highway, the beaches, the Venice Boardwalk, the marina, and a wide array of shopping, dining, and entertainment options and activities. Grab this rare prospect before it slips away!

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 0
  • Living Area: 3,916 SqFt

Listing Office:

  • Office Name: Geffen Real Estate
  • Office Phone: (323) 934-1430
  • Listing Agent: Orit Gadish

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: From Lincoln Blvd., turn to Vernon.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,999,900
  • Price Per SqFt: $511/SqFt

Tax Information:

  • Annual Amount: $9,675
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

616 Vernon Ave vs Los Angeles

21 DAYS ON ROCKET

-17 Days

$1,999,900

+$978.3K More

$511/SqFt

-$129 Less

KEY TAKEAWAY

This property is $978.3K more than the Median Sold Price and $129/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24466739

Listing Office:

  • Office Name: Geffen Real Estate
  • Office Phone: (323) 934-1430
  • Listing Agent: Orit Gadish

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,675$750,975
2020$9,402$742,930
2019$9,328$728,363
2018$9,094$714,082
2017$9,094$700,081

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,062

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4482715
5
/10

  • Westminster Avenue Elementary

  • 1010 Abbot Kinney Blvd

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-4482716
8
/10

  • Broadway Elementary School

  • 1015 Lincoln Blvd

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-4482717
6
/10

  • Coeur d'Alene Avenue School

  • 810 Coeur D Alene Ave

  • 1.03 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,381. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 616 Vernon Ave

What is the listing price of this property?

The listing price of 616 Vernon Ave property is $1,999,900.

What type of property is this?

The property 616 Vernon Ave is a house located in Venice, California, 90291.

Is this property for sale now?

Active Listing: 616 Vernon Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,675 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 616 Vernon Ave has 10 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 616 Vernon Ave is 3,916 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 616 Vernon Ave is 1964.

Rocket Homes›California›Los Angeles County›Los Angeles›90291›616 Vernon Ave

This home is located at 616 Vernon Ave in Venice, CA and zip code 90291 in the Venice neighborhood. This 3,916 square foot home, which was built in 1964, sits on a 0.11 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $1,999,900.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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