716 Van Ness Avenue, Los Angeles

$1,550,000

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4 Beds
4 Baths
3,932 Sqft
.15 Acre
0 Garage

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!.

Essential Information

MLS® #
24385079
Price
$1,550,000
Bedrooms
4
Bathrooms
4.00
Square Footage
3,932
Acres
0.15
Year Built
1928
Type
Residential Income
Status
Active

Community Information

Address
716 Van Ness Avenue
Area
C20 - Hollywood
City
Los Angeles
County
Los Angeles
Zip Code
90038
Community Features
Gated
Senior Community
N

Amenities

Utilities
Overhead Utilities
Parking Spaces
4
Parking
Garage
Garages
Garage
View
None
Pool
None

Interior

Interior
Tile, Wood
Heating
Central, Forced Air
Cooling
Wall/Window Unit(s)
Stories
Two

Appliances

Dishwasher, Oven, Refrigerator, Dryer, Washer

Exterior

Lot Description
Front Yard, Yard
Roof
Composition
Foundation
Combination

Additional Information

Date Listed
April 26th, 2024
Days on Market
25
Zoning
LAR3

Listing Details

Agent
Richard M Chernock
Office
KW Advisors
Property History
Price Increased from $1,350,000 to $1,550,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2024 at 4:10pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.