5807 W VIRGINIA AVE

LOS ANGELES, CA, 90038

$1,250,000

$453 per ft²
$1,250,000
$453 per ft²
Active
Active
 - For Sale
beds
5 Beds
baths
3 Baths
carpenters-square
2,754 ft²
property_type
Multi-family
DEVELOPER DREAM PURCHASE PRODUCING INCOME WHILE PLAINNING MAYBE A 30 UNIT DEVELOPMENT! REMARKABLE INVESTMENT AT A POTENTIAL 5% CAP!! Must be sold together with 1163 Van Ness (IN the MLS) Perfect possible Owner-User Investment Opportunity throughout the Planning Stage! CHOICE CORNER DOUBLE LOT OFFERINGS in a Family Area Near Schools & Shopping & Transportation! TWO PARCELS to be sold together, both on the Market: This Property (5807 Virginia Ave.90038) PLUS the Next Door Property (1163 North Van Ness Ave. 90038 - Check the MLS)!! Both For Sale - Both On The Market and Both Properties must close Escrow at the same time. These properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Total Lot Footage is approximately 15,000 SF! CHECK WITH THE CITY as the Zoning is R3-T2 for both lots. Great Future Investment as well a potential Owner-User until you are ready for more. Buy Now - Build Later! Should you decide not to Build at this time, in the interim, you will have the opportunity of Rental INCOME for the 3 Units! And There's More: This is potentially considered a Perfect Investment to park your Exchange Trade Funds for possible Extreme Future Benefits! Email any additional questions or thoughts to Agent, thank you!
MLS® ID:
22-127865
Listed:
2/14/22
Updated:
9/24/22

Interior Features

Total Bedrooms
5
Total Bathrooms
3
Cooling
Window Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
7,500 ft² lot
Exterior Features
Other
Architectural Style
California Bungalow

Other Property Details

Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Total Stories
1
Zoning
LAR3

Property History

Date
Event
Price
Value
8/21/22
Price Change
$1,250,000
-7%
8/21/22
Price Change
$1,350,000
108%

 

Courtesy of Bruce Jay, Bruce Jay Associates

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/24/22

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