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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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School Ratings & Info

Description

There are two parcel next to each other: 5807 Virginia Ave, Los Angeles, CA 90038-2005 with the APN#:5534-018-011 with lot size of 7500. sqft. has 3 units and 1163 N Van Ness Avenue has 6 units combined both lot for the total of 9 units, 7746 Living Sqft & 14,961 Sqft Lots.Properties must be sold together, the combined land comes out to 14,961 square feet. This is a rare opportunity to find side by side lots on a corner. Buyer/Developer must confirm with the city of Los Angeles to determine the maximum number of units that can be built.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/115369833
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1163 N Van Ness Avenue Los Angeles (City), CA 90038

  • Price: $2,300,000
  • Status: Active
  • Updated: 27 min ago
  • ID#: PW21059663
0
Beds
0
Baths
0
½ Baths
0.17
Acres
7,746
SQFT
$297
$/SQFT
1962
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
There are two parcel next to each other: 5807 Virginia Ave, Los Angeles, CA 90038-2005 with the APN#:5534-018-011 with lot size of 7500. sqft. has 3 units and 1163 N Van Ness Avenue has 6 units combined both lot for the total of 9 units, 7746 Living Sqft & 14,961 Sqft Lots.Properties must be sold together, the combined land comes out to 14,961 square feet. This is a rare opportunity to find side by side lots on a corner. Buyer/Developer must confirm with the city of Los Angeles to determine the maximum number of units that can be built.
Exterior Features

Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Garage YN No Gross Income 46776 Gross Scheduled Income 46776 Insurance Expense 15000 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 36000 New Construction YN No New Taxes Expense 50000 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 5000 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Total Actual Rent 3898 Trash Expense 4800 Vacancy Allowance 4677 Vacancy Allowance Rate 10 Water Sewer Expense 4800 Water Source Public Zoning Lar3

Listing provided courtesy of Steve Vong of First American Team Realty Inc


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660