5955 S Van Ness Ave, Los Angeles, CA 90047 - View 1
5955 S Van Ness Ave, Los Angeles, CA 90047 - View 2
5955 S Van Ness Ave, Los Angeles, CA 90047 - View 3
5955 S Van Ness Ave, Los Angeles, CA 90047 - View 4

5955 S Van Ness Ave, Los Angeles, CA 90047

List Price: $254,000On Market FlagOn market
Apr 15, 2025904 sqft2 beds1 baths
Listed by: Steve Aranda
License #: 01435884
Phone #: 323-868-6242
Altadena Real Estate Company
Source:
CRMLS Logo
MLS #: PF25082500

Property Description

Development Opportunity. This newly created lot will be delivered fully entitled to build a 1600 sqft duplex in one of the most rapidly improving areas in all of Los Angeles. Only minutes away from major entertainment venues such as Sofi Stadium, Intuit Dome, Hollywood Park Casino, and NFL Headquarters, this property is ideally located to build a cash flow investment, or create equity for resale. Unlike typical development transactions, this one offers the ability to work on plans for submission prior to close of escrow. This flexibility significantly reduces carrying costs and enhances overall profitability. Just a short trip to the burgeoning entertainment scene surrounding all the new development in Inglewood, this area has seen consistent appreciation and continues to command strong rental rates, making it an ideal location for both short- and long-term investment strategies. Don't miss out on this exceptional opportunity to capitalize on one of LA’s best areas for investment! AFTER EASEMENT FOR ACCESS, THE BUILDABLE SQFT OF THIS LOT WILL BE 1500 SQFT.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$17,445

TurboHome Estimated Value

$708,500

$784 sqft

High Valuation
$743,925
$823/sqft
Normal Valuation
$708,500
$784/sqft
Low Valuation
$673,075
$745/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$784/sqft$708,500

Neighborhood: Hyde Park

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Comparative Value

$254K

$530K

$581K

$610K

$670K

$736K

5955 S Van Ness Ave, Los Angeles, CA 90047

List Price: $254,000

Subject Property

6006 2nd Ave, Los Angeles, CA 90043

Sale Price: $530,000

Selected Comparable

6327 5th Ave, Los Angeles, CA 90043

Sale Price: $580,500

Selected Comparable

5814 Arlington Ave, Los Angeles, CA 90043

Sale Price: $610,000

Selected Comparable

6050 Madden Ave, Los Angeles, CA 90043

Sale Price: $670,000

Selected Comparable

5910 2nd Ave, Los Angeles, CA 90043

Sale Price: $736,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
5955 S Van Ness Ave, Los Angeles, CA 90047

5955 S Van Ness Ave, Los Angeles, CA 90047

List: $254,000

Listed: 4/15/2025

Area:904 sqft
Price/sqft:$281
Beds:2
Baths:1
Year Built:
Lot Size:4,799

Comparable Properties

COMPARABLE
Choose comps
5910 2nd Ave, Los Angeles, CA 90043

5910 2nd Ave, Los Angeles, CA 90043

Sale: $736,000

6/6/20250.11 mi

Area:917 sqft
Price/sqft:$803
Beds:2
Baths:1
Year Built:
Weight:21.7%
6006 2nd Ave, Los Angeles, CA 90043

6006 2nd Ave, Los Angeles, CA 90043

Sale: $530,000

3/30/20250.09 mi

Area:902 sqft
Price/sqft:$588
Beds:2
Baths:1
Year Built:
Weight:21.2%
6050 Madden Ave, Los Angeles, CA 90043

6050 Madden Ave, Los Angeles, CA 90043

Sale: $670,000

7/9/20250.43 mi

Area:1,027 sqft
Price/sqft:$652
Beds:2
Baths:1
Year Built:
Weight:19.8%
5814 Arlington Ave, Los Angeles, CA 90043

5814 Arlington Ave, Los Angeles, CA 90043

Sale: $610,000

7/18/20250.20 mi

Area:1,110 sqft
Price/sqft:$550
Beds:2
Baths:1
Year Built:
Weight:19.2%
6327 5th Ave, Los Angeles, CA 90043

6327 5th Ave, Los Angeles, CA 90043

Sale: $580,500

5/20/20250.37 mi

Area:1,091 sqft
Price/sqft:$532
Beds:2
Baths:1
Year Built:
Weight:18.1%

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