716 N Van Ness Avenue Los Angeles, CA $ 1,550,000
716 N Van Ness Avenue
$ 1,550,000
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716 N Van Ness Avenue

Los Angeles, CA, 90038
$ 1,550,000
Bedrooms4 Baths4.0 Sq 3,932

Monthly Estimate*

$ 10,827

Listed by KW Advisors
716 N Van Ness Avenue, Los Angeles, CA 90038 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $1,550,000 with 4 bedrooms and 4 full baths. This 3,932 square foot home was built in 1928 on a lot size of 0.1545.

Great Location! Four Plex in Prime location just North of Melrose. Zoned LAR3 . There are four 1 bdrm + I bthrm units in the Bldg., plus Two garages with one car parking for each unit. All units are occupied. The Bldg. is approx 6792 sq ft. Walk to stores, restaurants and shops. Tree lined St. with parking. With strong current income and future rental upside potential, this property offers significant value. All units are separately metered for gas and electricity. See DOCS for Rent Roll & Financials. Tenant occupied property shown by the agent only . Inside with accepted offer. Pls do not disturb the Tenants. Seller is selling this property in its present as-is condition and will not be making repairs or improvements. Financial information is provided by Property Owner and not guaranteed by Agent or Seller. Buyer to confirm financial information and property condition through inspections during escrow. This property is covered by City of Los Angeles Rent Control, Buyer to fully investigate. Agent Most of the 4 units have been updated. Recent upgrades include some plumbing,newer electrical in some units. it's worth noting it's location is close to west Hollywood shopping, the Grove and Holywood. Plenty of upside in current rents. The Bldg. has been managed by its owners. , Priced to sell!.

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Multi-Family Active

Price

$ 1,550,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1545

Year Built

1928

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24385079

Days on Market

12

Features
General
Sewer SewerTapPaid
Heating Central ForcedAir
Cooling WallWindowUnits
Utilities OverheadUtilities
Possession CloseOfEscrow
Roof Composition
Appliances Dishwasher Oven Refrigerator Dryer Washer
Zoning LAR3
Pool Features None
Security Features GatedCommunity WindowBars
Year Built 1928
Tenant Pays CableTV Electricity Gas
View None
Stories 2
Levels Two
Gross Income 90144.0
Community Features Gated
Accessibility None
County Los Angeles
Net Operating Income 47278.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction West
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions North of Melrose Ave. on N. Van Ness
City Los Angeles
Disclosures TrustConservatorship
Entry Location Ground Level w/steps
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area C20 - Hollywood
Lot Size Square Feet 6731.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Van Ness
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Standard Status Active
Cap Rate 3.5
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Interior
Flooring Tile Wood
Total Stories 0
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 4
Entry Level 1
Electric On Property Y/N N
Total Baths 4
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Exterior
Parking Features Garage
Lot Features FrontYard Yard
Water Source Public
Total Parking 4.0
Lot Size Area 6731.0
Foundation Details Combination
Number of Buildings 1
Spa N
Building Area Total 3932.0
Lot Size Acres 0.1545
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 716
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* Excluded Features
List By
Kw Advisors

Broker

(310) 301-4520

Phone

Affordability Calculator

$10,827
Per Month
100%
0%
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Monthly Principal & Interest
$10,827
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/27/2024$1,350,000 Listed Price

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716 N Van Ness Avenue, Los Angeles, CA, 90038 is a Multi-Family Home for sale at $1,550,000 with 3,932 sqft and a lot size of 0.1545. 716 N Van Ness Avenue has 4 bedrooms, 4.0 baths, and was built in 1928. The property's zip code is 90038 which is in Los Angeles, CA