1166 Van Pelt Avenue

Los Angeles, CA 90063

$799,999
Price
4
Beds
2
Baths
1,300 Sq. Ft.
$615 / Sq. Ft.
1,300
Sq. Ft.
$615
per Sq. Ft.

Description

Calling all investors 6.25% potential CAP RATE! One of a kind home offers multiple options to fit your stage in life. Savvy investor you can Live in one unit and rent out the other! Offering a 3-bedroom, 1-bathroom home upstairs, with a additional separated 1 bedroom, 3/4 bathroom, mother-in-law suite/ NEXT Gen living, or income producing (ADU) unit downstairs. As you enter this stunning home, you'll be greeted by a spacious, open-concept living and dining area bathed in natural light. Don't forget...Calling all investors 6.25% potential CAP RATE! One of a kind home offers multiple options to fit your stage in life. Savvy investor you can Live in one unit and rent out the other! Offering a 3-bedroom, 1-bathroom home upstairs, with a additional separated 1 bedroom, 3/4 bathroom, mother-in-law suite/ NEXT Gen living, or income producing (ADU) unit downstairs. As you enter this stunning home, you'll be greeted by a spacious, open-concept living and dining area bathed in natural light. Don't forget about your breathtaking views through the newer dual-pane windows. The centralized fireplace adds a cozy touch to this inviting space. The remodeled Galloway Kitchen is a chef’s dream, featuring sleek quartz countertops, ample cabinet space, a farmhouse sink, and a built-in dishwasher. The entire home boasts updated waterproof laminate flooring and recessed lighting, creating a modern and stylish ambiance. The full bathroom has been tastefully updated, ensuring comfort and convenience. Stay cool and energy-efficient with multiple mini-splits in the rooms and living areas. For added convenience, a washer and dryer are included in the unit. This property also features a desirable detached 2-car garage, providing private parking. Recent upgrades include a new roof, an updated electrical panel, and a retrofitted foundation, ensuring peace of mind for years to come. Outdoor enthusiasts will love the backyard oasis, complete with multiple tiers and an outdoor patio perfect for rainy days or late-night gatherings. Plus, enjoy the amenities of City Terrace Park with your furry friends and family, including tennis and basketball courts, a swimming pool, splash pad, and more. Experience the perfect blend of comfort, style, and convenience at 1166 Van Pelt Ave. Don't miss your chance to make this exceptional property your new home. Must see today. Will be delivered vacant!
  1. Listed by Martin Marquez • DRE #02012061 • Brokerage DRE #01878277 • eXp Realty of California Inc. • 562-888-0488

Property Details for 1166 Van Pelt Avenue

Parking Spaces Total
2
Private Pool
No
Cooling Type
Zoned Area(s), Other/Remarks
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1300
Assessor Parcel Number
5226-029-009
LISTING UPDATED: 11/14/2024 01:24 AM

Property Details for 1166 Van Pelt Avenue

StatusActive
MLS #DW24229059
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.09 AC / 4,096 SF
CountyLos Angeles County

Building Information for 1166 Van Pelt Avenue

Stories1Residences-Year Built1955Building Size-Lot Size0.09 AC / 4,096 SF

Property Information for 1166 Van Pelt Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $56,400
  • Gross Scheduled Income: $56,400
  • Net Operating Income: $53,588
  • Cap Rate: 6.5
Expense Details
  • Operating Expense: $2,812
  • Fuel Expense: $300
  • Electric Expense: $420
  • Insurance Expense: $922
  • Trash Expense: $0
  • Water Sewer Expense: $1,170
  • Total Expenses: $2,812
Tax / Assessment Info
  • Tax Tract Number: 6213
  • Tax Census Tract: 5306.03
  • CFD/Mello-Roos Fee: $760
  • Tax Lot: 248
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Dual, See Remarks, Zoned
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1166 Van Pelt 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 1166 Van Pelt Avenue

Taxable ValueLand$388,310Additions$175,022Total$563,332
Tax Record2024$7,450 ($621 / month)
Home Facts
Beds3Total Finished SqFt1,166 SqFtAbove Grade Finished SqFt1,166 SqFtStories1Lot Size4,096 SqFtStyleSingle Family ResidenceYear Built1955ZoningLCR3*CountyLOS ANGELESAPN5226-029-009

Schools near 1166 Van Pelt Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Robert F. Kennedy Elementary School
PublicK to 6

Animo Ellen Ochoa Charter Middle
Charter6 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1166 Van Pelt Avenue is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on November 6, 2024 by eXp Realty of California Inc., it's currently listed at $799,999. It has been on the market for a total of 13 days and was last sold on May 2, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Robert F. Kennedy Elementary School, Animo Ellen Ochoa Charter Middle and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 1166 Van Pelt Avenue is a 4-bed, 2-bath, 1,300 sqft multi-family home built in 1955.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc., Martin Marquez, DRE #02012061

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.