716 Van Ness Avenue, Los Angeles, CA 90038
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Listed Price :
$1,550,000
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Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1928
Property Description
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!.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Flooring Information |
Material |
Wood, Tile |
Interior Information |
Cooling Type |
Wall/Window Unit(s) |
Listing Information
Address |
716 Van Ness Avenue |
City |
Los Angeles |
State |
CA |
Zip |
90038 |
County |
Los Angeles |
Listing Agent |
Richard M Chernock DRE #01369553 |
Courtesy Of |
KW Advisors |
List Price |
$1,550,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
6,731 |
Year Built |
1928 |
Listing information courtesy of: Richard M Chernock, KW Advisors. *Based on information from the Association of REALTORS/Multiple Listing as of May 4th, 2024 at 5:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.