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

Los Angeles, CA, 90038
$ 1,550,000
Baths0.0 Sq 3,932

Monthly Estimate*

$ 10,302

716 North Van Ness Avenue, Los Angeles, CA 90038 - Image 1
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,550,000. This 3,932 square foot home was built in 1928 on a lot size of 0.15.

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

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.15

Year Built

1928

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024385079

Features
General
Sewer Sewer Paid
Heating Forced Air Central
Cooling Wall/Window Unit(s)
Possession Close of Escrow
Roof Composition
Zoning LAR3
Security Features Window Bars Gated Community
Year Built 1928
Tenant Pays Electricity Cable TV Gas
Levels Two
County Los Angeles
Net Operating Income 47278.0
New Construction No
Property Type C
HOA / Comm Assn No
Facing Direction West
Status Active
City Los Angeles
Buyer Agent Compensation 2.00
Entry Location Ground Level w/steps
View Y/N No
Senior Community Y/N No
MLS Area C20 - Hollywood
Lot Size Square Feet 6731.0
Street Name Van Ness
Structure Type None
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Flooring Tile Wood
Kitchen Appliances None Refrigerator Dishwasher Oven
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Avenue
Laundry Features Washer Included Dryer Included
Entry Level 1
Total Baths 0
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Exterior
Parking Features Garage
Lot Features Front Yard Yard Utilities - Overhead
Water Source None Public
Lot Size Area 6731.0
Foundation Details Combination
Spa No
Pool Y/N? No
Building Area Total 3932.0
Lot Size Acres 0.15
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Richard M Chernock

Listing Agent

Kw Advisors

Broker

Affordability Calculator

$10,302
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,302
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$1,550,000 Listed Price

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716 North 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 0.15. 716 North Van Ness Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 90038 which is in Los Angeles, CA