Address
5807 W VIRGINIA Avenue, Los Angeles, CA
Price
$ 1,250,000
Property Attributes
- MLS#22127865
- TypeMulti-Family
- CountyLOS ANGELES
- CityLos Angeles
- AreaHollywood
- Zip90038
- Style
- Price$ 1,250,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2754
- Lot Size7,501 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
WOW! Buy this property which is next door to 1163 North Van Ness (also on the Market) and you will obtain appx 15,000 SF of R3 Land for potential future development! And Still, this is a Great Price for a 3 Bedroom Home + Two One Bedroom Units behind! Great Investment Property offering R3-T2 Zoning for future Development! Possibilities maybe include Expanding the Residences, AND/OR Adding ADUs, OR even (someday) maybe Building a 6 Unit Apartment Building on this site, or with the neighboring property included perhaps 30 Units, check with the City, Extreme Possibilities! If Purchased with the 6 Units Next door, on Van Ness, this may be a DEVELOPER'S DREAM DEAL, possibly Building while collecting Income during the Planning Stage! Check out the neighboring property IN THE MLS, 1163 Van Ness. Family Area Near Schools & Shopping & Transportation! TWO PARCELS 5807 Virginia Ave. 90038, AND 1163 North Van Ness Ave. 90038. The Owner prefers to sell both properties (doesn't matter if different Buyers for each property) and prefer to close Escrow at about the same time. Together these properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Buy Now - Build Later! Please Email any additional questions or thoughts to the Agent, thank you!
| Price History | |
|---|---|
| 3/12/2023 | Listed $1,250,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Attached Garage | No |
| Buyer Financing | Cash |
| Cap Rate | 5.0 |
| Carport Y/N | No |
| City | Los Angeles |
| County | Los Angeles |
| Days on Market | 544 |
| Directions | BEST TO USE GOOGLE MAPS - VIRGINIA AVE. IS AN EAST-WEST STREET. PROPERTY IS NEAR THE CORNER OF NORTH VAN NESS AVE. AND VIRGINIA AVE., NORTH OF SANTA MONICA BLVD. |
| Facing Direction | South |
| Garage Y/N | No |
| Gross Income | 86400.0 |
| Heating | WallFurnace |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 7500.0 |
| MLS Area | C20 - Hollywood |
| Mobilehomeremainsyn | No |
| Net Operating Income | 68400.0 |
| New Construction | No |
| Possession | CloseOfEscrow |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Type | ResidentialIncome |
| Rent Control Y/N | No |
| Senior Community Y/N | No |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Street Name | VIRGINIA |
| Total Units | 3 |
| View Y/N | No |
| Waterfront Y/N | No |
| Zoning | LAR3 |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
| Total Baths | 3 |
| Total Bedrooms | 5 |
| Total Stories | 1 |
Exterior Features
| Living Area | 2754.0 |
|---|---|
| Building Area Total | 2754.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.1722 |
| Lot Size Area | 7500.0 |
| Lot Size Units | SquareFeet |
| Number of Buildings | 2 |
| Open Parking Y/N | No |
| Parking Features | None |
| Spa | No |
| Total Parking | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90038
Price
Visits
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2023 6:01 PM UTC 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.
