1163 N Van Ness Ave Los Angeles, CA 90038

$--

8 Beds
10 Baths
4,992 Sq.Ft.

Off Market

Map preview of 1163 N Van Ness Ave, Los Angeles, CA 90038

Property Overview: 1163 N Van Ness Ave Los Angeles, CA has 8 bedrooms, 10 bathrooms, 4,992 living square feet and 7,450 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1163 N Van Ness Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1163 N Van Ness Ave

Last sold on October 30th, 1979

January, 2024
Jan 1, 2024

Date

Expired

CRMLS: 22127239

$2,250,000

Price
Feb 15, 2022

Date

Active

CRMLS: 22127239

$2,250,000

Price
Listing provided courtesy of CRMLS

This is an Amazing Investment, 6 Units, On the Corner, 3 Units are held Vacant so the Buyer can rent at Market Rate! The other 3 Units are rented month-to-month. Huge Frontage on Van Ness, a Prime Access Street! And a full Parking Lot as well! Must Drive By! Offering R3-T2 Zoning for future Development! Possibilities may include Adding Multiple ADUs, Or even (someday) maybe Building an Apartment Building (or re-selling to a Cash-Strong Developer that will do so). And IF Purchased with the Home + 2 Units Next Door, on Virginia, this may be a DEVELOPER'S DREAM DEAL, possibly Building 30 Units, or so, while collecting Income during the Planning Stage! Check out the neighboring property IN THE MLS, 5807 Virginia Ave. 90038. Family Area Near Schools & Shopping & Transportation! TWO PARCELS ON THE MARKET 5807 Virginia Ave. 90038, AND 1163 North Van Ness Ave. 90038. The Owner prefers to sell both properties (doesn't matter if different Buyers for each property) that can close Escrow at the same time. Together these properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Together the Lot Footage is approximately 15,000 SF! Buy Now - Build Later! Please Email any additional questions or thoughts to the Agent, thank you!

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August, 2021
Aug 16, 2021

Date

Price Change

CRMLS: PW21059663

$2,300,000

Price
Jul 17, 2021

Date

Price Change

CRMLS: PW21059663

$2,400,000

Price
Jul 17, 2021

Date

Price Change

CRMLS: PW21059663

$3,900,000

Price
Jun 11, 2021

Date

Price Change

CRMLS: PW21059663

$4,150,000

Price
Mar 22, 2021

Date

Active

CRMLS: PW21059663

$4,250,000

Price
Listing provided courtesy of CRMLS

There are two parcel next to each other: 5807 Virginia Ave, Los Angeles, CA 90038-2005 with the APN#:5534-018-011 with lot size of 7500. sqft. has 3 units and 1163 N Van Ness Avenue has 6 units combined both lot for the total of 9 units, 7746 Living Sqft & 14,961 Sqft Lots. Properties must be sold together, the combined land comes out to 14,961 square feet. This is a rare opportunity to find side by side lots on a corner. Buyer/Developer must confirm with the city of Los Angeles to determine the maximum number of units that can be built.

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October, 1979
Oct 30, 1979

Date

Sold (Public Records)

Public Records

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Price

Tax History for 1163 N Van Ness Ave

Assessed Value (2020): $313,510

Year	Land Value	Improved Value	Assessed Value
2020	$52,628	$260,882	$313,510

About 1163 N Van Ness Ave

Detailed summary of property

1163 N Van Ness Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90038 and is currently off market. This property has 8 bedrooms, 10 bathrooms, roughly 4,992 living square feet, and sits on an approximately 7,450 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Local nearby listings include 1523 Gordon St #4, 1562 La Baig Ave and 6008 Carlton Way. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 1163 N Van Ness Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1163 N Van Ness Ave

Public county record property details

Beds: 8
Baths: 10
Year built: 1962
Sq. Ft.: 4,992
Lot Size: 7,450
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 60
APN: 5534-018-029

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$714

Median Sold Price

$1,110,000

Median Sold Price/Sq.Ft.

$629

Total Inventory

Median Sale to List Price %

94.87%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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(714) 706-1823

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