3957 S VAN NESS Avenue, Los Angeles, CA 90062

About this property

Entire property completely remodeled. New plumbing, electrical, kitchens, baths, lights, floors, paint. Perfect for FHA owner occupant. Over 3000+ sqft! Close to USC and Crenshaw/LAX Line. Legal duplex. Easily converts to 3 separate units. Right side: Large 1BD+/1BA. Could be 2BD/1BA. Rented $1725/mo. Unit #2: Large 1BD+1BA. Could be 2BD/1BA. FMV rent $1725/mo. (same as right unit). Unit #3: Two story. 3BD/3BA. Over 1500+sqft. FMV rent $2500+/mo. All units have separate laundry areas with washer/dryer hookups. All units to include new stoves and dishwashers. Extra privacy fencing. Lot size over 5500 sqft. Quiet neighborhood. This property great for FHA owner occupant. 3.5% down = $27,825 downpayment and $3700/monthly mortgage (approx.). Rent income $1725+$1725 = $3450/monthly and live in 3BD/3BA unit rent free! Or rent 3BD/3BA unit, live in 1BD/1BA unit and get $4225/monthly. So $250/month to live in 3BD/3BA unit or earn $500/month to live in 1BD/1BA unit. THIS IS A GREAT DEAL!

Listing description from the November 2017 sale, as reported to CRMLS.

Sale history

$795,000

Sold November 2017 · listed $789,000, orig. $843,000, on market September 2017 · MLS #17267846 · Source: CRMLS

Listing Agent: Andrew Watkins · Listing Office: Keller Williams Realty Pacific · Contact: 310-256-3038 · Bought with: Spencer Daley · Douglas Elliman of California,

$402,000

Sold May 2017 · listed $300,000, on market March 2017 · MLS #IV17057044 · Source: CRMLS

Listing Agent: LEROY HOLT · Listing Office: SOLR REALTY · Contact: 909-989-0444 · Bought with: LEROY HOLT · SOLR REALTY

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