1516 S Van Ness Ave Los Angeles, CA 90019

$995,000 Sold Price as of 04/08/2005

-- Beds
-- Baths
6,328 Sq.Ft.

Off Market

$995,000 Sold Price as of 04/08/2005 Refinance Your Mortgage

Map preview of 1516 S Van Ness Ave, Los Angeles, CA 90019

Property Overview: 1516 S Van Ness Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 6,328 living square feet and 9,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1516 S 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 $1,200,000. The median price per/sqft for Los Angeles is $768. 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 $240,000 for the down payment and will need roughly $24,000 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 $56,000. 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 1516 S Van Ness Ave

Last sold for $995,000 on April 8th, 2005

July, 2024
Jul 25, 2024

Date

Expired

CRMLS: DW23134676

$2,200,000

Price
Jul 25, 2023

Date

Active

CRMLS: DW23134676

$2,200,000

Price
Listing provided courtesy of CRMLS

Charming 8-Unit Apartment Building in Vibrant South Koreatown! Prime Location: Close to Midway City and Arlington Heights Welcome to this fantastic investment opportunity in one of the most sought-after neighborhoods in South Koreatown! This well-maintained 8-unit multi-family home offers a blend of modern updates and convenience, making it an excellent prospect for both seasoned investors and first-timers. Property Highlights: 8 units, each boasting its unique charm and character. (4- 2/2, 4- 1/1) Recent Updates: Water Heaters were replaced within the last 5 years, ensuring energy efficiency and tenant satisfaction. New Roof: Installed just 3 years ago, providing peace of mind and reduced maintenance costs. New Sewer Line: Upgraded 3 years ago, ensuring optimal functionality and minimizing potential issues. Month-to-Month Tenancy: All tenants are on month-to-month leases, offering flexibility for the new owner and potential rental adjustments. Exciting Upside Potential: With the area's high demand, there is an excellent opportunity to enhance rental income and increase property value. Amenities & Parking: Carport, Driveway & Street Parking: Multiple parking options ensure convenient and ample space for all residents. Location & Lifestyle: Situated in a highly desirable area, the property is nestled in South Koreatown, just moments from Midway City and Arlington Heights. Enjoy easy access to a myriad of shopping, dining, and entertainment options, making it a vibrant and engaging community for tenants. Don't miss this chance to invest in a property with a solid rental history and potential for growth. Whether you're a seasoned investor or a new entrant into the market, this 8-unit gem offers an excellent foundation for building your real estate portfolio. Seize this opportunity to become a part of this thriving community and secure a valuable asset in a prime location! Please do not disturb tenants, drive by only.

Continue Reading
April, 2005
Apr 8, 2005

Date

Sold (Public Records)

Public Records

$995,000

Price
April, 2002
Apr 19, 2002

Date

Sold (Public Records)

Public Records

$350,000

Price

Tax History for 1516 S Van Ness Ave

Assessed Value (2020): $1,268,174

Year	Land Value	Improved Value	Assessed Value
2020	$828,458	$439,716	$1,268,174

About 1516 S Van Ness Ave

Detailed summary of property

1516 S Van Ness Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90019 and last sold on April 8, 2005 for $995,000. This property has -- bedrooms, -- bathrooms, roughly 6,328 living square feet, and sits on an approximately 9,000 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.16% lower than the current median priced home. 1516 S Van Ness Ave was last sold on April 8, 2005 for $995,000. Local nearby listings include 1543 6th Ave, 2271 W 23rd St and 957 S Wilton Pl #4. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1516 S Van Ness Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1516 S Van Ness Ave

Public county record property details

Beds: --
Baths: --
Year built: 1924
Sq. Ft.: 6,328
Lot Size: 9,000
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 26
APN: 5073-003-016

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,450,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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