Check Availability
$1,550,000
↑ $200K (14.8%)
Multifamily - For Sale

716 N Van Ness Ave

Los Angeles, CA 90038
bedrooms
4 Beds
bathrooms
0 Bath
square feet
3932 Sqft
$7,611
Estimated Monthly

About This Property

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!.

The manager has listed the unit size as 3932 square feet.
Unit Size
3,932Ft²
Days on Market
36 days
Land Size
0.15 acres
Price per sqft
$394
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1928
Last updated: 19 days ago (CLAWCA #385079)

Price History

Date / Event Date Event Price
Apr 30, 2024 Price Increased $1,550,000
↑ $200K (14.8%)
Price Increased
Apr 26, 2024 Listed by Keller Williams Santa Monica $1,350,000
Listed by Keller Williams Santa Monica

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Stucco

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
3,663 ft²
$435/ft²
$1,595,000 Mar 23, 2024
-
-
Other
Loft
-
5,350 ft²
$294/ft²
$1,575,000 Feb 20, 2024
-
-
Other
Loft
-
2,245 ft²
$512/ft²
$1,149,000 Apr 12, 2024
-
-
Other
Loft
-
1,928 ft²
$724/ft²
$1,395,000 Jan 4, 2024
-
-
Other
Loft
-
1,855 ft²
$646/ft²
$1,199,000 Feb 13, 2023
-
-
Other
Loft
2 Baths
1,610 ft²
$838/ft²
$1,349,000 Mar 14, 2024
-
$427/mo
Other
Loft
-
1,706 ft²
$762/ft²
$1,299,800 Apr 23, 2024
-
-
House
3 Beds
4 Baths
1,866 ft²
$669/ft²
$1,249,000 Apr 5, 2024
-
$180/mo
House
4 Beds
3 Baths
1,700 ft²
$794/ft²
$1,349,000 Jun 20, 2023
-
-
House
3 Beds
4 Baths
1,763 ft²
$709/ft²
$1,250,000 Apr 26, 2024
-
$189/mo
House
4 Beds
2 Baths
1,681 ft²
$830/ft²
$1,395,000 Oct 30, 2023
-
-
House
3 Beds
2 Baths
1,393 ft²
$930/ft²
$1,295,000 Apr 11, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

716 North Van Ness Avenue 716 North Van Ness Avenue, Los Angeles, CA 90038
  • 1 Unit for Sale
More about this Building
716 North Van Ness Avenue
Want to find out who owns 716 North Van Ness Avenue, Los Angeles, CA 90038? Get detailed property transactions here .

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