Los Angeles, CA 90038 716 N Van Ness Avenue

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Presented By: Richard M Chernock with KW Advisors;
  • MLS# 24385079
  • 04/26/2024
  • Request Tour
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  • BedBeds • 4
  • BathBaths • 4
  • FootageSQFT • 3,932
  • GarageGarage • 1

Home Details

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!.
Presented By: Richard M Chernock with KW Advisors;

Interior Features for 716 N Van Ness Avenue

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringTile, Wood
Heating Y/NYes
Street SuffixAvenue
Total Stories

Other Rooms

Entry Level1

General for 716 N Van Ness Avenue

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, Oven, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate3.5
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingWallWindowUnits
CountyLos Angeles
Days on Market8
DirectionsNorth of Melrose Ave. on N. Van Ness
DisclosuresTrustConservatorship
Entry LocationGround Level w/steps
Facing DirectionWest
Garage Y/NYes
Gross Income90144.0
HOA / Comm AssnNo
HeatingCentral, ForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6731.0
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income47278.0
New ConstructionNo
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Security FeaturesGatedCommunity, WindowBars
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameVan Ness
Tenant PaysCableTV, Electricity, Gas
Total Units4
UtilitiesOverheadUtilities
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1928
ZoningLAR3

Exterior for 716 N Van Ness Avenue

Building Area Total3932.0
Crops Included Y/NNo
Foundation DetailsCombination
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, Yard
Lot Size Acres0.1545
Lot Size Area6731.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,550,000
MLS#24385079
List Date 04/26/2024
Property Type Multi-Family
Phone 714.964.3311
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