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500 East Vernon Avenue

500 East Vernon Avenue, Los Angeles, CA 90011
Property in South LA
Sold Jun 17, 1998
$225,000
$457,000 by Encore Credit Corp
Mortgage Due Aug 01, 2036
Sold Mar 27, 1996
Transfer
Local assessors in Los Angeles, CA have categorized 500 East Vernon Avenue as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 3,609 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 500 East Vernon Avenue has a total of 1,730 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The property was last sold in Jun 12, 1998 for $225,000. That's $130.06 per sqft. 500 East Vernon Avenue was last assessed in 2023. The total value of the property was assessed at $324,664. Specifically, the land the property is located on was valued at $72,139. While improvements on the property were assessed at a total of $252,525. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $4,039. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,609
  • Total Building Area: 1,730
  • Gross Building Area: 1,730
  • Building Area: 1,730
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,730
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTH PARK AVENUE TRACT
  • Land Acres: 0.083
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SOUTH PARK AVE TRACT EX OF STS LOT/SEC 13

Ownership

  • Current Owner : ROSALES JOSE LUIS
  • Current Owner 2: CISNEROS JESUS
  • Previous Owner : SIVILLA ARMANDO
  • Owner Before Previous Owner: DOMINGUEZ DAVID

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 228320

Zoning

  • Zoning: LAC2

Geography

  • Assessors Map Reference: 52-B2
  • Parcel: 5109-015-013
  • Lot: 13
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 34.0037
  • Longitude: -118.266

    Address

  • Full Address: 500 E Vernon Ave
  • Address - House Number: 500
  • Street Direction: E
  • Address - Street Name: Vernon
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,039
  • Tax Rate Code Area: 06-659

    Appraisal Valuation

  • Standard Deviation: 0.2308
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 776,964
  • High Value: 956,307
  • Low Value: 597,620

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $457,000
  • First Open Lien Mortgage Lender: ENCORE CREDIT CORP
  • First Open Lien Mortgage Recording Date: Jul 20, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $457,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,664
  • Assessed Land Value: $72,139
  • Assessed Improvements Value: $252,525

    Sales

  • Current Sale Contract Date: Jun 12, 1998
  • Current Sale Recording Date: Jun 17, 1998
  • Current Sale Transaction ID: 1010106164
  • Current Sale Price: $225,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 98-1020736
  • Previous Sale Recording Date: Mar 27, 1996
  • Previous Sale Contract Date: Mar 01, 1996
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Jun 17, 1998
  • First Mortgage Loan Amount: $202,275
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jul 01, 2028

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 500 East Vernon Avenue located in?
The 500 East Vernon Avenue is a located in the neighborhood of South LA in South LA, Los Angeles.
What is the average sales price for listings in 500 East Vernon Avenue?
The average sales price for units in 500 East Vernon Avenue is $0 currently.

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