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Sold for $460,000 · Oct 2019

SOLD

Listed at $469,500

Sold

1261 S La Verne Avenue, East Los Angeles, CA 90022

East Los Angeles, CA

MLS# WS19167642

828 Sq Ft • Single Family Home2bd • 1ba
15 days on market

Listing Agent

SERVANDO ORNELAS

Listing Agent

Servando Ornelas, Broker

DRE #: 01172647

Brokerage: Servando Ornelas, Broker

Property Details

2

Bedrooms

1

Bathrooms

828 sqft

Square Feet

1940

Year Built

5,088 sqft

Lot Size

$556

Price/Sq Ft

2

Garage Spaces

N/A

HOA

Single Family Home

Property Type

Description

Incredible bonus is a legal addition to rear of the garage to help with the mortgage payment or to move parents or grand parents into. Its legal use is as a large storage room. It has been converted to an un-permitted well built bonus unit rented for $700 monthly.
 
 This is a very clean property in the Unincorporated area of highly desirable East Los Angeles. Property is near Church, bus lines and a direct line on Olympic Bl. to down town Los Angeles. 
 
 The area is gentrifying. Are your clients tired of commuting long distances? This property is also an incredible investment opportunity. The front unit is rented for $1,500 monthly.

Listing description from the October 2019 sale, as reported to CRMLS.

Facts & Features

Details

Stories
1
Cooling
WallWindowUnits

Sale history for 1261 S La Verne Avenue

2 recorded sales

$460,000
Sold October 2019 · listed $469,500, on market July 2019, 15 days on market · MLS #WS19167642 · Source: CRMLS
Listing Agent: SERVANDO ORNELAS · Listing Office: Servando Ornelas, Broker · Contact: 818-360-8200 · Bought with: Mike Ramirez · PLF Real Estate Solutions
$190,000
Sold March 2013 · listed $230,000, on market November 2012, 127 days on market · MLS #S718835 · Source: CRMLS
Listing Agent: Ricardo Bohorquez · Listing Office: Excellence RE Real Estate · Contact: 562-320-0660 · Bought with: Servando Ornelas · Realtors Network

How this sale compares

1261 S La Verne Avenue sold for $460,000 in October 2019, 2.0% under its $469,500 list price, after 15 days on the market. That works out to $556 per square foot on 828 square feet. Across 71 closed sales in 90022 over the last 12 months, the median sold price is $745,000 and the median is $507 per square foot, 8.8% below this sale's $556. 2-bedroom rentals in 90022 currently list at a median of $2,600 a month (4 listings).

$556
This sale, per sq ft
$507
90022 median per sq ft (12 mo)
$745,000
90022 median sold price (12 mo)
71
Closed sales in 90022 (12 mo)
15
Days on market
−2.0%
Sold vs. list price
QuarterClosed sales in 90022Median sold price
Q1 20266$680,500
Q2 202625$758,000
Q3 202626$752,500
Q4 202614$692,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in East Los Angeles · Homes for sale in 90022

Recent sales near 1261 S La Verne Avenue

Closed sales reported in 90022, nearest first, last 12 months. All recent sales in East Los Angeles →

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