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6559 S Van Ness Ave, Los Angeles, CA 90047
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6559 S Van Ness Ave Los Angeles, CA 90047

$765,000 Sold Price as of 05/28/2020
  • 11 Beds
  • 9 Baths
  • -- Sq.Ft.
Sold
$765,000 Sold Price as of 05/28/2020 Refinance Your Mortgage
Map preview of 6559 S Van Ness Ave, Los Angeles, CA 90047

Property Overview: 6559 S Van Ness Ave Los Angeles, CA has 11 bedrooms, 9 bathrooms, -- living square feet and 5,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: You can own an excellent investment property where the current rents are already competitively price in the market? Each unit in this lovely triplex has hardwood flooring throughout, granite and quartz countertops, new copper piping, new plumbing throughout, tankless water heaters, and new fixtures. Two units have new electrical wiring including exterior panel box, new cabinets and new roofing. Each unit has its own parking garage. This opportunity is centrally located near major freeways, within 15 minutes to downtown LA, the Staples Center and very close to the new Ram and Charger stadium.

Listed by Andre Morgan | BRE #02033151 | Pacific Playa Realty
Last checked: 13 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,000
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20564510
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,800
  • Total Rent: $1,802
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Furnished
  • Actual Rent: $2,000
  • Total Rent: $1,990
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.63
  • Gross Scheduled Income: --
  • Net Operating Income: $48,708
  • Gross Operating Income: $62,310
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6559 S Van Ness Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Three Door
Property Information
  • Total # of Units: 3
  • Parcel Number: 4008001018
Location / Neighborhood
Location Information
  • Directions: Located on South Van Ness Ave., between Gage and Florence
View more facts & features

Local Los Angeles Agent

Sale History for 6559 S Van Ness Ave

Last sold for $765,000 on May 28th, 2020

  • May, 2020

  • May 28, 2020

    Date

    Sold

    CRMLS: 20564510

    $765,000

    Price

  • Mar 25, 2020

    Date

    Active Under Contract

    CRMLS: 20564510

    $765,000

    Price

  • Mar 16, 2020

    Date

    Active

    CRMLS: 20564510

    $765,000

    Price

  • May, 2020

  • May 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $765,000

    Price

  • March, 2020

  • Mar 16, 2020

    Date

    Canceled

    CRMLS: 20548936

    $849,999

    Price

  • Feb 18, 2020

    Date

    Active

    CRMLS: 20548936

    $849,999

    Price

  • Listing provided courtesy of CRMLS

  • May, 2018

  • May 29, 2018

    Date

    Expired

    CRMLS: 214018831

    --

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Property! well kept 3 Units with MANY UPGRADES, GREAT condition. Spacious all 1bd/1ba, Perfect for an Investor or Live in one and rent the other two units and have cash flow. Close to shopping, schools and transportation.

  • December, 2015

  • Dec 31, 2015

    Date

    Sold (Public Records)

    Public Records

    $435,000

    Price

  • July, 2015

  • Jul 28, 2015

    Date

    Price Change

    CRMLS: RS15164865

    $445,000

    Price

  • Listing provided courtesy of CRMLS

    Great property for the conservative first time investor. Freshly rehabbed units consist of dual glazed windows, new paint, tile floor and refinished hard wood floor. All units have 1 bed and 1 bath, units also have their respective 1 car garage parking space. Property is ready for new owner.

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Tax History for 6559 S Van Ness Ave

Assessed Value (2020): $598,442
Year Land Value Improved Value Assessed Value
2020 $270,608 $327,834 $598,442

Home Value Compared to the Market

This property vs the competition

6559 S Van Ness Ave sold on May 28, 2020 for 35.71% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 6559 S Van Ness Ave

Detailed summary of property

6559 S Van Ness Ave is a multi family that recently sold in Los Angeles, CA 90047. This multi family property offered 11 bedrooms, 9 bathrooms, roughly -- living square feet, and sits on an approximately 5,000 square foot lot. 6559 S Van Ness Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $765,000. 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 35.71% lower than the current median priced home. Local homes that are currently for sale include 5472 6th Ave, 7804-7808 S Western Ave and 5419 S St Andrews Pl. While the average home in Los Angeles, CA is selling in 92 days, 6559 S Van Ness Ave has a days on market of 7 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 6559 S Van Ness Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6559 S Van Ness Ave

Public county record property details
Beds
5
Baths
4
Year built
1948
Sq. Ft.
2,400
Lot Size
4,999
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
4008-001-018

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$765,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
83
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), Other (0%)

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Homes for Sale Near 6559 S Van Ness Ave

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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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