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716 N Van Ness Ave Los Angeles, CA, 90038
$1,550,000 $200,000 Home for sale 4 beds 3,932 sqft
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
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Property details
3,932 sqft interior area
Property type
Home
Interior area
3,932 sqft
View
None
Land area
6,534 sqft (0.15 acres)
Price per sqft
$394/sqft
Days on Verhouse
24
Address
716 N Van Ness Ave, Los Angeles, CA, 90038
City of California
Los Angeles
County
Los Angeles
Previous price
$1,350,000
nr.of parking places
4
Year Built
1928
District
Listing
Open Houses
No upcoming open houses
Interior Features
4 parking places, Tile, Wood floors
Beds
4
Floors
Tile, Wood
Parking
4
Garage & Parking
Other
Laundry Features
Dryer, Washer
Heathing & Cooling
Wall/Window Unit(s), Forced Air, Central
Amenities
Other
Listed by
Richard M Chernock, KW Advisors
Name
Richard M Chernock
License number
01369553
Brokerage company
KW Advisors
MLS #
CL24385079
Payment calculator
Calculate your monthly payments
Mortgage
$4,759
Taxes
$0
HOA dues
$0
Mortgage
$310,000 / 20%
2.28%
30 years
Your amount
$4,759 / month
Exterior Features
—
Utilities
Other Water/Sewer
Yard
Front Yard
Lot details
TMK #5535002003
Lot Description
Other, Front Yard
Parcel nr.
5535002003
90038 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90038
38%
Families with children
National average: 39%
56%
Non family households
699,866
Population
$85,616
Average Income
Age & gender
Median age 36 years
More info
Commute types
69% commute by car
More info
Education level
30% have bachelor education
More info
Number of employees
1% work in retail trade
More info
Vehicles available
50% have 1 vehicle
More info
Vehicles by gender
50% have 1 vehicle
More info
Housing market insights for
$1.71m
Neighborhood average
sales price*
sales price*
$1.38m
Neighborhood median
sales price*
sales price*
713
Number
of sales*
of sales*
Housing type
38% are apartments
More info
Rooms
41% of the houses have 2 or 3 rooms
More info
Bedrooms
39% have 2 or 3 bedrooms
More info
Owners vs Renters
81% are renters
More info
13.83 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Price Increase Apr 28, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 28, 2024 | Price Increase | $1,550,000 +14.81% | 394.2 | MLS #CL24385079 |
| Apr 26, 2024 | New Listing | $1,350,000 | 343.34 | MLS #CL24385079 |
Taxes of 716 N Van Ness Ave, Los Angeles, CA, 90038
LAR3 zoning / MLS #CL24385079
Zoning
LAR3
Agent viewpoints of 716 N Van Ness Ave, Los Angeles, CA, 90038
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Frequently Asked Questions about 716 N Van Ness Ave
What is 716 N Van Ness Ave?
716 N Van Ness Ave, Los Angeles, CA, 90038 is a single family home located in the city of Los Angeles, California with zipcode 90038. This single family home has 4 bedrooms with an interior area of 3,932 sqft.
Which year was this home built?
This home was build in 1928.
What is the full address of this Home?
716 N Van Ness Ave, Los Angeles, CA, 90038.
Are grocery stores nearby?
The closest grocery stores are Smart & Final, 0.43 miles away and Pavilions 2229, 0.67 miles away.
What is the neighborhood like?
The 90038 zip area has a population of 699,866, and 38% of the families have children. The median age is 36.63 years and 69% commute by car. The most popular housing type is "apartment" and 81% is renter.
Based on information from the bridgeMLS as of 05-19-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 04, 2024
Verhouse Last checked 20 minutes ago
The closest grocery stores are Smart & Final, 0.43 miles away and Pavilions 2229, 0.67 miles away.
The 90038 zip area has a population of 699,866, and 38% of the families have children. The median age is 36.63 years and 69% commute by car. The most popular housing type is "apartment" and 81% is renter.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
