5170 S Van Ness Ave, Los Angeles, CA 90062
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5170 S Van Ness Ave Los Angeles, CA 90062

$749,000
  • 6 Beds
  • 3 Baths
  • 1,896 Sq.Ft.
For Sale
$749,000 Get Pre-Qualified

Map preview of 5170 S Van Ness Ave, Los Angeles, CA 90062

Property Overview: 5170 S Van Ness Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,896 living square feet and 5,203 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Discover a unique duplex located in a prime, historical area of Los Angeles, surrounded by the scenic beauty of palm-tree-lined streets. The duplex offers two units, perfect candidate for generating rental income, positioned on a spacious lot. Inside, you'll find two generously sized bedrooms and a bathroom in each unit, alongside large kitchens fitted with washer and dryer hookups. Each unit boasts its own parking space and a private backyard. The property benefits from a recent roof replacement. One of the units has been freshly remodeled, kitchen, flooring, and spacious living room. One unit is currently occupied by a long-standing tenant who may consider a cash-for-keys agreement, offering flexibility for new owners. The extensive backyard space is perfect for adding an ADU, further expanding the property's potential.

Listed by Aisha Andrews | BRE #01706972 | Architectural Estates
Last checked: 15 minutes ago | Last updated: April 7th, 2024 | Source CRMLS | DOM: 50
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Home details

Lot Sq. Ft
5,203
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24364333
City
Los Angeles
County
Los Angeles
Time on Site
58 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $2,666
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5170 S Van Ness Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
Property Information
  • Total # of Units: 2
  • Parcel Number: 5015021014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Crenshaw Blvd. / West of Western Ave. / North of Slauson Ave / Travel north on Arlington Ave / Right turn on West 52nd Street
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Sale History for 5170 S Van Ness Ave

Last sold for $499,000 on March 20th, 2017
  • March, 2024

  • Mar 3, 2024

    Date

    Active

    CRMLS: 24364333

    $799,000

    Price

  • March, 2017

  • Mar 20, 2017

    Date

    Sold (Public Records)

    Public Records

    $499,000

    Price

  • February, 2015

  • Feb 11, 2015

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

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Tax History for 5170 S Van Ness Ave

Assessed Value (2020): $529,540
Year Land Value Improved Value Assessed Value
2020 $423,633 $105,907 $529,540

Home Value Compared to the Market

This property vs the competition

5170 S Van Ness Ave is listed 39.4% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $395.04 per/sqft which puts the price per square foot 48.89% lower than the median price per square foot for the city of Los Angeles.

About 5170 S Van Ness Ave

Detailed summary of property

5170 S Van Ness Ave is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 1,896 living square feet, and sits on an approximately 5,203 square foot lot. 5170 S Van Ness Ave was first listed on ArdentRealEstateGroup.com on March 4, 2024. The homeowner is currently asking $749,000 and was originally asking $799,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 39.4% lower than the median priced home. Local competing homes currently for sale include 1632 W 52nd St, 2317 Hyde Park Blvd and 1745 59th Pl. While the average home in Los Angeles, CA is selling in 96 days, 5170 S Van Ness Ave has a days on market of 50 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5170 S Van Ness Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5170 S Van Ness Ave

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
1,896
Lot Size
5,201
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
361
APN
5015-021-014

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.