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5524 S Van Ness Ave, Los Angeles, CA 90062
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5524 S Van Ness Ave Los Angeles, CA 90062

$640,000 Sold Price as of 11/24/2021
  • 4 Beds
  • 2 Baths
  • 1,680 Sq.Ft.
Sold
$640,000 Sold Price as of 11/24/2021 Refinance Your Mortgage
Map preview of 5524 S Van Ness Ave, Los Angeles, CA 90062

Property Overview: 5524 S Van Ness Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,680 living square feet and 5,038 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to own a beautiful duplex in Los Angeles. The owner lives in one unit and a long term tenant lives in the other unit. Both units will be delivered vacant at the end of escrow. One of the units have had some remodeling done and has been well maintained throughout the years. This would be a great opportunity to live in one and rent out the other. Both units have the same exact floor plan with 2 bedroom 1 bathroom and approximately 840sqft. Each unit has its own gas and electric meter and the 1 main water meter.

Listed by Ryan Willbanks | BRE #02125476 | Jason Mitchell Real Estate Ca
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
5,038
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21784280
City
Los Angeles
County
Los Angeles
Time on Site
976 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5524 S Van Ness Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Carpet, Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Cooktop, Convection Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat Tile
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5005010004
  • Foundation Details: Slab, FHA Approved
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Follow Maps
View more facts & features

Local Los Angeles Agent

Sale History for 5524 S Van Ness Ave

Last sold for $640,000 on November 24th, 2021

  • September, 2021

  • Sep 24, 2021

    Date

    Pending

    CRMLS: 21784280

    $670,000

    Price

  • Sep 22, 2021

    Date

    Hold

    CRMLS: 21784280

    $670,000

    Price

  • Sep 16, 2021

    Date

    Active

    CRMLS: 21784280

    $670,000

    Price

  • January, 2021

  • Jan 28, 2021

    Date

    Canceled

    CRMLS: IN20213849

    $625,000

    Price

  • Oct 30, 2020

    Date

    Hold

    CRMLS: IN20213849

    $625,000

    Price

  • Oct 11, 2020

    Date

    Active

    CRMLS: IN20213849

    $625,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment! live in one and rent the unit. Duplex with 2 bedroom/1 bath each. Centrally located in Los Angeles. Easy access to Crenshaw district, LA Live and museum.

  • December, 2003

  • Dec 1, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5524 S Van Ness Ave

Assessed Value (2020): $189,852
Year Land Value Improved Value Assessed Value
2020 $95,687 $94,165 $189,852

Home Value Compared to the Market

This property vs the competition

5524 S Van Ness Ave sold on November 24, 2021 for 43.7% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $398.81 per/sqft which puts the price per square foot 47.18% lower than the current median sale per square foot for the city of Los Angeles.

About 5524 S Van Ness Ave

Detailed summary of property

5524 S Van Ness Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,680 living square feet, and sits on an approximately 5,038 square foot lot. 5524 S Van Ness Ave was first listed on ArdentRealEstateGroup.com on September 16, 2021. The homeowner sold the property for $640,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 43.7% lower than the current median priced home. Local homes that are currently for sale include 1507 W 51St St, 1510 W 53rd St and 1496 W Vernon Ave. While the average home in Los Angeles, CA is selling in 92 days, 5524 S Van Ness Ave has a days on market of 6 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5524 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 5524 S Van Ness Ave

Public county record property details
Beds
4
Baths
2
Year built
1922
Sq. Ft.
1,680
Lot Size
5,038
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
452
APN
5005-010-004

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
$859,000
Median List Price/Sq.Ft.
$582
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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 5524 S Van Ness Ave

5424 S Van Ness Ave, Los Angeles, CA 90062
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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.

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