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762 N Van Ness Ave, Los Angeles, CA 90038
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762 N Van Ness Ave Los Angeles, CA 90038

$1,810,000 Sold Price as of 08/22/2019
  • 18 Beds
  • 15 Baths
  • 4,675 Sq.Ft.
Sold
$1,810,000 Sold Price as of 08/22/2019 Refinance Your Mortgage
Map preview of 762 N Van Ness Ave, Los Angeles, CA 90038

Property Overview: 762 N Van Ness Ave Los Angeles, CA has 18 bedrooms, 15 bathrooms, 4,675 living square feet and 6,731 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity. 5-unit property. Spanish style 4 plex plus special loft unit over 4-car garage. Close to Larchmont Village, shops, restaurants and studios. Each unit is almost 1,000 square feet. All units have laundry and parking. Many upgrades including electrical, copper plumbing and dual paned windows throughout. Fully occupied with performing tenants. Rents are actual. 4 units below market. One unit considerably below market. Due for rent increase in September. Parking for 9 cars. Sold "as is". Buyer to cooperate with seller 1031 exchange.

Listed by Peter V Buonocore | BRE #01279107 | Keller Williams Larchmont
Last checked: 44 seconds ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
6,731
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19486972
City
Los Angeles
County
Los Angeles
Time on Site
1216 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,154
  • Total Rent: $13,848
  • Pro Forma/Market Rent: $29,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,924
  • Total Rent: $23,088
  • Pro Forma/Market Rent: $29,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $25,200
  • Pro Forma/Market Rent: $29,400
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $29,400
  • Pro Forma/Market Rent: $29,400
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $27,600
  • Pro Forma/Market Rent: $32,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: 14.7
  • Gross Scheduled Income: --
  • Net Operating Income: $90,281
  • Gross Operating Income: $119,136
  • Improvements Total: $282,500
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 762 N Van Ness Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5535002009
Location / Neighborhood
Location Information
  • Directions: North of Melrose, across from Paramount Studios
View more facts & features

Local Los Angeles Agent

Sale History for 762 N Van Ness Ave

Last sold for $1,810,000 on August 22nd, 2019

  • November, 2020

  • Nov 2, 2020

    Date

    Canceled

    CRMLS: 20648048

    $2,150

    Price

  • Oct 16, 2020

    Date

    Active

    CRMLS: 20648048

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    Next to Paramount Pictures, close to Larchmont Village, where full of restaurants and shops are. This downstairs unit features living room, dining room, kitchen, 2 bedrooms and 1 bath. Washer & Dryer, Refrigerator, Microwave Oven, 3 Ceiling Fans in Bedrooms and Living room are included. 1 car garage and possibly 1 more compact car can be parked in front of the garage. Ready to move in. ***Owner's special*** Qualified tenant can get A MONTH FREE RENT.

  • October, 2020

  • Oct 15, 2020

    Date

    Canceled

    CRMLS: 20634446

    $2,150

    Price

  • Oct 8, 2020

    Date

    Price Change

    CRMLS: 20634446

    $2,150

    Price

  • Sep 24, 2020

    Date

    Price Change

    CRMLS: 20634446

    $2,250

    Price

  • Sep 19, 2020

    Date

    Price Change

    CRMLS: 20634446

    $2,400

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: 20634446

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Location, location, location. Next to Paramount Pictures, close to Larchmont Village, shops, restaurants. Spacious 2 Bedroom and 1 bath unit in downstairs. Washer & Dryer, Dish Washer, Refrigerator, Microwave Oven, Ceiling Fans in Living room and Bedrooms. 1 car garage and possibly 1 more small car can be parked in front of the garage. Ready to move in. Owner pays water.

  • August, 2019

  • Aug 22, 2019

    Date

    Sold

    CRMLS: 19486972

    $1,810,000

    Price

  • Jul 26, 2019

    Date

    Active Under Contract

    CRMLS: 19486972

    $1,750,000

    Price

  • Jul 10, 2019

    Date

    Active

    CRMLS: 19486972

    $1,750,000

    Price

  • August, 2019

  • Aug 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,810,000

    Price

  • June, 2012

  • Jun 15, 2012

    Date

    Sold (Public Records)

    Public Records

    $675,000

    Price

Show More

Tax History for 762 N Van Ness Ave

Assessed Value (2020): $1,810,000
Year Land Value Improved Value Assessed Value
2020 $1,270,000 $540,000 $1,810,000

Home Value Compared to the Market

This property vs the competition

762 N Van Ness Ave sold on August 22, 2019 for 47.06% higher 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 $374.33 per/sqft which puts the price per square foot 50.42% lower than the current median sale per square foot for the city of Los Angeles.

About 762 N Van Ness Ave

Detailed summary of property

762 N Van Ness Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 18 bedrooms, 15 bathrooms, roughly 4,675 living square feet, and sits on an approximately 6,731 square foot lot. 762 N Van Ness Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,810,000. 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 47.06% higher than the current median priced home. Local homes that are currently for sale include 5449 S Virginia Ave, 800 N Hobart Blvd and 428 N Harvard Blvd. While the average home in Los Angeles, CA is selling in 93 days, 762 N Van Ness Ave has a days on market of 15 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 762 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 762 N Van Ness Ave

Public county record property details
Beds
9
Baths
5
Year built
1924
Sq. Ft.
4,675
Lot Size
6,731
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5535-002-009

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.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
42
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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(714) 706-1823

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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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