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512 La Verne Avenue
Los Angeles, CA 90022
Sold
Ideal for investors looking to generate rental income, this duplex offers a prime opportunity in the heart of Los Angeles. The front unit is already providing automatic income with long-time tenants in place, while the back unit is empty for new owner occupancy. This property sits on a huge lot, featuring a long driveway and separate 1 and 2 car garages, providing ample parking and storage space. With plenty of room for growth, there are endless possibilities for expansion or development. Located within a 3-mile radius, you'll find plenty of amenities including downtown Los Angeles, dining options, and schools such as James A. Garfield High School. The area also boasts convenient public transportation options, making commuting a easy. Enjoy the vibrant neighborhood with parks and recreational areas nearby, perfect for families and outdoor enthusiasts. While the home does need some repairs, its potential for significant return on investment makes it a compelling choice.
PROPERTY INFORMATION
| MLS # | CV24160867 | Lot Size | 8,002 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Duplex |
| Price | $ 550,000
Price Per SqFt: $ 350 |
DOM | 298 Days |
| Address | 512 La Verne Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 1,572 Sq. Ft. |
| Postal Code | 90022 | Garage | 3 |
| County | Los Angeles | Year Built | 1949 |
| Bed / Bath | 2 / 0 | Parking | 3 |
| Built In | 1949 | Status | Closed |
| Sold Date | 2024-09-20 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Inside |
| Has Heating | No |
| Heating Information | None |
| EntryLocation | 2 front doors |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 75 (Very Walkable)
Transit Score: 69 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $587
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/20/2024 | Sold | $571,500 |
| 09/03/2024 | Active Under Contract | $550,000 |
| 08/30/2024 | Relisted | $550,000 |
| 08/05/2024 | Listed | $550,000 |
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Listing provided courtesy of Albert Pasillas, VYLLA HOME. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
