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Image 1 - 5957 S Van Ness Ave, Los Angeles, California, 90047 - House for sale
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S Van Ness Ave, Los Angeles, Home For Sale
5957 S Van Ness Ave, Los Angeles, California, 90047

S Van Ness Ave, Los Angeles, Home For Sale

house for sale
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Listed: 07/23/24

5957 S Van Ness Ave, Los Angeles, California, 90047

Studio Bed:
100 Sq Ft Living Area:
Save
Price
$ 855,000

About This House

Build a new home with us! Land: $375, 000 + Design and Build (Starting at$480, 000) - Entitled, buildable land in the heart of LA? Its true! Flat, vacant, and ready to build up to1, 600square feet (subject to FAR). Imagine, building your brand-new dream home for less than the cost of an old fixer. Or build a duplex and live in one unit and rent out the other. Land was subdivided from existing property using the CA HOMEact, granting it special privileges to enable development: no hearings required, no costly parking required, and ministerial (fast) approval. Drop in a prefab or build custom from the ground up - the choices are endless. For rental comps, you can build two 800 sqft 2 bed/1bath units, each of which can rent for ~$3, 000/month ($6, 000/month gross).

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Gramercy Park Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.