Active
716 N Van Ness Ave
Los Angeles CA, 90038
$1,550,000
$394.20 per sqft
Active
4 Beds
3,932 sqft
Residential
Built in 1928
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!.
24-385079
MLSⓇ ID
April 26, 2024
Listed
May 4, 2024
Updated
Map
716 N Van Ness Ave
Los Angeles CA, 90038
Interior Features
Total Stories
0
Bedrooms
4
Interior Features
None
Appliances
Dishwasher, Dryer, Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Washer, Refrigerator, Range/Oven
Laundry Description
In Unit
Floor Description
Hardwood, Mixed, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Fenced, Gutters, Yard, Utilities - Overhead, Street Lighting, Street Paved, Curbs, Front Yard
Architectual Style
Architectural
Roof
Composition
Sewer
In Street Paid
School Information
School District
Other
Other Property Details
Area Name
Hollywood
Days on Market
8
Garage
Yes
Parking
Garage
Parking Total
4
View
No
View Description
None
County
Los Angeles
Water Source
Meter on Property, In Street, District
Pool
No
Pool Features
None
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
4/28/2024 | Price Change | $1,550,000 14% |
Listed by Richard M Chernock with KW Advisors
Listing Contact: 213-924-2575
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Hollywood Estates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/4/2024