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

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