5424 South Van Ness Avenue

Los Angeles, CA 90062

$738,999
Price
5
Beds
2
Baths
1,554 Sq. Ft.
$476 / Sq. Ft.
1,554
Sq. Ft.
$476
per Sq. Ft.

Description

Welcome to this charming duplex located in the desirable Park Hills neighborhood of Los Angeles, CA. This property offers a fantastic opportunity for both investors and owner-occupants. The first unit features two bedrooms and one bathroom, while the second unit features three bedrooms and one bathroom, providing ample space and flexibility. The interior features include a convenient laundry area, ensuring that daily chores are a breeze. Outside, you'll find a shared two-car garage, providing secure...Welcome to this charming duplex located in the desirable Park Hills neighborhood of Los Angeles, CA. This property offers a fantastic opportunity for both investors and owner-occupants. The first unit features two bedrooms and one bathroom, while the second unit features three bedrooms and one bathroom, providing ample space and flexibility. The interior features include a convenient laundry area, ensuring that daily chores are a breeze. Outside, you'll find a shared two-car garage, providing secure parking and extra storage space. The location is a standout feature, with close proximity to USC (3.5 miles), making it an ideal option for students, faculty, or anyone who enjoys the vibrant energy of the university setting nearby. The property's location in Park Hills offers easy access to a variety of dining, shopping, and entertainment options, as well as convenient transportation links. Don't miss out on the opportunity to make this versatile duplex your next investment or new home. Schedule a showing today and experience the potential of this wonderful property firsthand!

Listing Agents

  1. Jessica Flores

    Jessica Flores

    Listing Agent

    Compass

    DRE #01982277

  2. Johnny Perez

    Johnny Perez

    Alternative Listing Agent

    Compass

    DRE #01328614

    johnny.perez@compass.com

    P: (909)-376-6109

Property Details for 5424 South Van Ness Avenue

Zoning
LAR2
Parcel Number
5005010012
Total Units
2.0
Living Area
1554
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
1
Lot Size Area
5801
LISTING UPDATED: 03/22/2024 04:35 PM

Property Details for 5424 South Van Ness Avenue

StatusPending
MLS #23-335911
Days on Market108
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,801 SF
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 5424 South Van Ness Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,801 SF

Property Information for 5424 South Van Ness Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Security Features: None
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Assumed, Cash, FHA, Conventional, VA
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $72,000
  • Net Operating Income: $72,000.00
  • Gross Income: $59,556
  • Gross Rent Multiplier: $72,000.00
  • Total Annual Expense: 5600
  • Water Expense: $1,200.00
  • Insurance Expense: $1,200
  • Expense Operating: $1,200.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1332
  • Lot Size Square Feet: 5801
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 2 Car, Garage Is Detached
  • Total Parking: 1
  • Parking Features: Driveway, Garage - Two Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Electric
  • Equipment: Ceiling Fan, Dishwasher, Stackable W/D Hookup, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Laundry: In Unit, Inside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-30-2023
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $416,160.00
  • Assessed Improvement Percent: 60.15
  • Assessed Land Value: $275,706.00
  • Assessed Land Percent: 39.85
  • Assessed Total Value: $691,866.00

Property History for 5424 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 5424 South Van Ness Avenue

Taxable ValueLand$281,220Additions$424,483Total$705,703
Tax Record2024$8,799 ($733 / month)
Home Facts
Total Finished SqFt1,554 SqFtAbove Grade Finished SqFt1,554 SqFtLot Size5,799 SqFtStyleDuplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5005-010-012

Schools near 5424 South Van Ness Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Alliance Ouchi-O'donovan 6-12 Complex
Charter6 to 12

California Collegiate Charter School
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.

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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 Compass, Jessica Flores, DRE #01982277; Compass, Johnny Perez, DRE #01328614

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.