1 month on rocket

712-714-716 Vernon Ave, Venice, CA, 90291

$1,790,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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712-714-716 Vernon Ave, Los Angeles$1,790,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1927
MLS #TR24207225
Lot Size0.12 Acres
StatusActive

About 712-714-716 Vernon Ave

The triplex at 712-716 Vernon Ave welcomes investors and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: ($2500/mo each). The back bungalow of 2 bd / 1ba ($3400/mo) with its private gated entry from Vernon Ct (back alley) features a rustic lumber deck, off-street parking, and outdoor living space. New roofs were recently installed on both structures. Complementing the property's income production, walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, trendy coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale make 712-716 Vernon a worthwhile investment.

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Stories: 1

Listing Office:

  • Office Name: A + Realty & Mortgage
  • Office Phone: (626) 823-1572
  • Listing Agent: Sanne Lee

Interior Features

Interior Information:

  • Flooring Type: Laminate

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: South of Rose, West of Lincoln

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,790,000
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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

1542

712-714-716 Vernon Ave vs Los Angeles

46 DAYS ON ROCKET

+8 Days

$1,790,000

+$766.5K More

KEY TAKEAWAY

This property is $766.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #TR24207225

Listing Office:

  • Office Name: A + Realty & Mortgage
  • Office Phone: (626) 823-1572
  • Listing Agent: Sanne Lee

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: 11/22/2024, 11:55:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$9,001

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,433

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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-761761
5
/10

  • Westminster Avenue Elementary

  • 1010 Abbot Kinney Blvd

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-761762
8
/10

  • Broadway Elementary School

  • 1015 Lincoln Blvd

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-761763
6
/10

  • Coeur d'Alene Avenue School

  • 810 Coeur D Alene Ave

  • 1.23 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 $63,596. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90291›712-714-716 Vernon Ave

This home is located at 712-714-716 Vernon Ave in Venice, CA and zip code 90291 in the Venice neighborhood. This home, which was built in 1927, sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $1,790,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

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

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