716 Van Ness Avenue , Los Angeles, CA - 90038 is For Sale

  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
  • 24385079
$1,550,000· Income 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!.

Features

MLS#: 24385079
List Price : $1,550,000
Total Units : 4
CAP rate : $3.50
Gross Operating Income : $87,440
Net Operating Income : $47,278
Sq M : 625 M2
Year Built : 1928
Days on market : 20 Days
Gross taxes : N/A
Address : 716 Van Ness Avenue
City : Los Angeles
State : CA
Zip Code : 90038
Neighborhood : N/A
Appliances : Dishwasher, Refrigerator, Oven
Foundation : Combination
Laundry : Washer Included, Dryer Included
Parking Features : Garage
Sale Type : Standard
Spa : None
View : None
 
Property Type : Residential Income
Original List Price : $1,550,000
Acres : 0.1545
Lot Size (Acres) : 0.1545
Heating : Central, Forced Air
Water : Public
Sewer : Sewer Paid
Parking Features : Garage
Pool Desc : None
Security Safety : Gated Community, Window Bars
Cooling : Wall/Window Unit(s)
Flooring : Wood, Tile
Roofing : Composition
Rooms : Living Room, Primary Bathroom
Driving Directions : North of Melrose Ave. on N. Van Ness
Lot Features : Yard, Utilities - Overhead, Front Yard
 
Courtesy of : Richard M Chernock , KW Advisors

Location

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