3983 South Van Ness Avenue

Los Angeles, CA 90062

$699,000
Price
2
Beds
2
Baths
1,630 Sq. Ft.
$429 / Sq. Ft.
1,630
Sq. Ft.
$429
per Sq. Ft.

Description

Great project/income property! One unit vacant. Leimert Park adjacent. Side-by-side one-level gated duplex ready for your renovation. According to Rentometer - Median Rent is $1970. Walk score of 74/100. Live in one and rent the other or buy with a friend! Or convert to your single-family dream home and add an ADU! Long driveway, 2-car detached garage and nice backyard. CASH offers only. Please drive by. Inside with offer. 2nd unit tenant occupied month to month at $1700/month. Needs TLC.Great project/income property! One unit vacant. Leimert Park adjacent. Side-by-side one-level gated duplex ready for your renovation. According to Rentometer - Median Rent is $1970. Walk score of 74/100. Live in one and rent the other or buy with a friend! Or convert to your single-family dream home and add an ADU! Long driveway, 2-car detached garage and nice backyard. CASH offers only. Please drive by. Inside with offer. 2nd unit tenant occupied month to month at $1700/month. Needs TLC.
  1. Listed by Eileen Lanza • DRE #01393915 • Brokerage DRE #01458187 • Keller Williams Larchmont

Property Details for 3983 South Van Ness Avenue

Water Front
None
Zoning
LAR1
Style
Traditional
Cross Streets
Browning / Martin Luther
Parcel Number
5035004022
Total Units
2.0
Living Area
1630
Source Living Area
Assessor

Location

Listing Courtesy of Keller Williams Larchmont, Eileen Lanza, DRE #01393915
Add your commute
LISTING UPDATED: 05/23/2024 12:58 PM

Property Details for 3983 South Van Ness Avenue

StatusActive
MLS #24-391643
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.13 AC / 5,846 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Larchmont, Eileen Lanza, DRE #01393915
Add your commute

Building Information for 3983 South Van Ness Avenue

Stories1Residences-Year Built1938Building Size-Lot Size0.13 AC / 5,846 SF

Payment Calculator

$4,706 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,815

Property Taxes

$891

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3983 South Van Ness Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 2
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: East
  • Property Condition: Fixer
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $20,400
  • Net Operating Income: $14,000.00
  • Gross Income: $36,000
  • Gross Rent Multiplier: $22.00
  • Actual Gross Annual Income: $20,400
  • Total Annual Expense: 4628
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1342
  • Lot Size Square Feet: 5846
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 2 Car
  • Total Parking: 4
  • Covered Parking: 2
  • Parking Features: Garage - Two Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-14-2024
  • Listing Terms: Cash
  • Rent Control: Yes
  • Tenant Pays: Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $20,400.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,150.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 2
  • Number of Gas Meters: 2
  • Number Range: 2
  • Number Refrigerator: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $100,475.00
  • Assessed Improvement Percent: 27.27
  • Assessed Land Value: $267,949.00
  • Assessed Land Percent: 72.73
  • Assessed Total Value: $368,424.00

Property History for 3983 South Van Ness Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3983 South Van Ness Avenue

Taxable ValueLand$690,540Additions$173,400Total$863,940
Tax Record2023$10,697 ($891 / month)
Home Facts
Total Finished SqFt1,630 SqFtAbove Grade Finished SqFt1,630 SqFtLot Size5,846 SqFtStyleDuplexYear Built1938ZoningLAR1CountyLOS ANGELESAPN5035-004-022

Schools near 3983 South Van Ness Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Tom Bradley Global Awareness Magnet School
PublicK to 5

New Heights Charter School
CharterK to 8

KIPP Scholar Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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3983 South Van Ness Avenue is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on May 14, 2024 by Keller Williams Larchmont, it's currently listed at $699,000. It has been on the market for a total of 18 days and was last sold on November 7, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Tom Bradley Global Awareness Magnet School, New Heights Charter School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 3983 South Van Ness Avenue is a 2-bed, 2-bath, 1,630 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Larchmont, Eileen Lanza, DRE #01393915

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.