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Image 1 - 6223 S Van Ness Ave, Los Angeles, California, 90047 - House for sale

Image 2 - 6223 S Van Ness Ave, Los Angeles, California, 90047 - House for sale

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S Van Ness Ave, Los Angeles, Home For Sale

6223 S Van Ness Ave, Los Angeles, California, 90047

S Van Ness Ave, Los Angeles, Home For Sale

house for sale

Listed: 08/31/24

6223 S Van Ness Ave, Los Angeles, California, 90047

7 Bed:

5 Bath:

3,082 Sq Ft Living Area:

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Price

$ 800,000

Show 4 more

About This House

We are pleased to present a 4-unit property located in the Hyde Park neighborhood. This property is centrally located in close proximity to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum, and multiple museums. This opportunity is also a short drive to Crenshaw/Leimert Park, Inglewood and provides easy access to the 105 and 110 freeways as well as the new LAX/Crenshaw metro rail line, offering tenants convenience to numerous nearby amenities. The building currently operates at a13.68 GRMon current rents, with rental upside potential to a6.47 GRMand a 12+% CAP on pro-forma rents. The property consists of three standalone structures, all constructed in 1936, with a strong unit mix comprised of 1 three-bedroom two-bath unit, 1 two-bedroom one-bath unit, and 2 one-bedroom one-bath units. The property also features five 1-car garages in the rear accessible from the alley providing potential for ADU conversions.

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Van Ness Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$881,368 (0%)
Jul 2024	$881,368 (0%)
Jun 2024	$881,368 (+12.9%)
May 2024	$780,708 (-8.7%)
Apr 2024	$855,179 (+8.3%)
Mar 2024	$789,456 (0%)

In August 2024, the asking price for 3 bed houses for sale in/near Van Ness, Los Angeles, United States averaged $881,368, staying on the same level compared to the previous month.

Median price trends for properties for sale in Van Ness, Los Angeles, United States as of August 2024.

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.