We are pleased to present a Unique Development Opportunity at 736 E Vernon Avenue, Los Angeles, CA. This property consists of a Single-Family Home, built in 1908, situated on a large 27,748 SF lot, offering significant development potential in the heart of Southeast Los Angeles. Zoned RD2-1 and designated as Low Medium II Residential under the General Plan, the site provides flexibility for both 100% Affordable Housing Market Rate Development, making it a prime opportunity for developers. In addition, the property benefits from Transit Oriented Communities (TOC)Tier 3 status, which offers developers density bonuses, reduced parking requirements, and other incentives, further enhancing the development potential of the site. Positioned to benefit from the ongoing growth and revitalization in the area, this sizable lot and zoning allow for various Residential development projects, offering developers the chance to capitalize on the increasing demand for housing in Southeast Los Angeles. The property is also located within 500 feet of George Washington Carver Middle School, adding to its appeal for residential development. With a Walk Score of 73, the neighborhood is considered "Very Walkable," with excellent transit options, making it attractive for those seeking easy access to amenities and public transportation.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.64 Acres
Other
Directions Information:
Directions: It is located between the blocks of South Central Avenue and South Avalon Boulevard. It's near the intersection of Vernon Ave and Central Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Tax Information:
Annual Amount: $7,632
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M 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: #24436967
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
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, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 15, 2011
Mar 15, 2011Home Sold
$280,000
Feb 07, 2008
Feb 07, 2008Home Sold
$640,000
May 24, 1993
May 24, 1993Home Sold
$200,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,632
$562,029
2020
$7,427
$556,267
2019
$8,303
$545,361
2018
$8,133
$630,548
2017
$8,133
$618,185
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Harmony Elementary School
899 E 42nd St
Distance between this listing and this school0.29 miles
Public District Grades PK-5
4
/10
Sally Ride Elementary School
1041 E 46th St
Distance between this listing and this school0.34 miles
Public District Grades KG-5
3
/10
49th Street Elementary School
750 E 49th St
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Nearby Schools
2
/10
George Washington Carver Middle School
4410 McKinley Ave
Distance between this listing and this school0.18 miles
Public District Grades 6-8
4
/10
Alliance College-Ready Middle Academy 12
131 E 50th St
Distance between this listing and this school0.72 miles
Public Charter Grades 6-8
6
/10
Accelerated
4000 S Main St
Distance between this listing and this school0.81 miles
Public Charter Grades KG-8
Nearby Schools
8
/10
Alliance Patti and Peter Neuwirth Leadership Academy
4610 S Main St
Distance between this listing and this school0.64 miles
Public Charter Grades 9-12
2
/10
Maya Angelou Community High School
300 E 53rd St
Distance between this listing and this school0.70 miles
Public District Grades 9-12
7
/10
Synergy Quantum Academy
300 E 53rd St
Distance between this listing and this school0.71 miles
The neighbors living near this home have an average income of $23,565. Residents of Los Angeles, CA typically earn less than $35k each year. Most families are married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 736 E Vernon Ave
What is the listing price of this property?
The listing price of 736 E Vernon Ave property is $2,995,000.
What type of property is this?
The property 736 E Vernon Ave is land located in Los Angeles, California, 90011.
Is this property for sale now?
Active Listing: 736 E 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 $7,632 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 15, 2011 for $280,000. (source: MLS/tax record).
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This home is located at 736 E Vernon Ave in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This home sits on a 0.64 acre lot. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $2,995,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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