3887 S Van Ness Avenue, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$1,277,777
3887 S Van Ness Avenue, Los Angeles, California 90062
0Bed
0Bath
3,254Sqft
5,085Lot
Year Built
1965
Close
-
List price
$1.28M
Original List price
$1.28M
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
SR25171818
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.28M(72th), sqft - 3254(78th), beds - undefined(50th), baths - undefined(50th).
Price History
Date
Event
Price
08/08/25
Listing
$1,277,777
12/15/16
Sold
$570,000
01/02/01
Sold
$180,000
Condition Rating
Fair
Built in 1965, this property shows signs of regular maintenance and some updates like hardwood flooring and recessed lighting. However, the kitchen, while having updated cabinets and backsplash, lacks visible modern appliances and its style is not current. The prominent stone fireplace is a very dated feature. While functional and move-in ready, it requires minor updates to modernize key areas like the kitchen and bathrooms, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering immediate potential for rental income from two separate units, highly desirable for investors or owner-occupants in Los Angeles.
Prime Los Angeles Location: Situated in Los Angeles (90062), the property benefits from strong market demand, proximity to urban amenities, and significant potential for long-term property value appreciation.
Substantial Square Footage: With 3254 sqft, the property provides generous living space across its units, appealing to a wider range of tenants or future buyers seeking ample room.
Versatile Investment Opportunity: As a residential income property in a robust market, it offers flexibility for various investment strategies, from owner-occupancy with rental income to a pure investment asset.
Established Property Type: Built in 1965, this property represents an established type in an urban setting, often indicating a stable neighborhood with existing infrastructure and community.
Cons
Age of Construction: Constructed in 1965, the property is nearly 60 years old, suggesting a high likelihood of requiring significant updates to major systems (e.g., plumbing, electrical, HVAC) and interior aesthetics to meet modern standards.
Potential for Capital Expenditures: Given its age and status as an income property, prospective buyers should anticipate substantial capital investment for necessary renovations, deferred maintenance, or unit upgrades to maximize rental income and property value.
Undefined MLS Area: The MLS area being '699 - Not Defined' limits immediate specific neighborhood context, requiring additional research to fully understand localized market trends and comparable properties.