416 S Van Ness Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 4 bed, 3 bath
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Los Angeles, California 90020
Analysis of 416 S Van Ness Avenue, Los Angeles, California 90020 is currently available with a list price of $2,285,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1918, this property has undergone an extensive recent renovation that brings it to modern standards. It features a chef's kitchen with Carrara marble and new appliances, hardwood floors, and comprehensive infrastructure upgrades including new copper plumbing, electrical, dual-zone HVAC, sewer lines, and a newer roof. The combination of high-end finishes and total system replacements qualifies it for the highest condition rating.
Situated in the highly coveted Hancock Park-Wilshire area and the prestigious 3rd Street Elementary School District, offering significant long-term value and neighborhood desirability.
The home features extensive modern improvements including updated copper plumbing, new gas and sewer lines, upgraded electrical, and dual-zone HVAC, significantly reducing immediate maintenance concerns for buyers.
With a detached studio and a converted garage office, the property provides exceptional flexibility for multi-generational living, guest accommodations, or a dedicated remote work environment.
The garage conversion into an office with a bathroom is unpermitted, which may present challenges regarding financing, appraisals, or future city compliance.
A recent $100,000 price reduction from the original listing suggests the property may have faced initial market resistance or overvaluation relative to current demand.
416 S Van Ness Avenue is a beautifully updated 1920s American Colonial that combines original charm with modern upgrades. Located in the desirable 3rd Street Elementary School District, this two-story home offers approximately 3,500 sq. ft. of permitted living space. The home features 3 bedrooms and 2 bathrooms upstairs, plus a downstairs bedroom and bath, and a detached studio with its own bathroom. The garage has been converted into an office with a bath (unpermitted). the open floor plan has great natural light and hardwood floors throughout. The updated chef's kitchen features white Carrara marble counters and new appliances. Major improvements include updated copper plumbing, new gas lines, new sewer line, upgraded electrical, dual-zone HVAC, new windows and doors, recessed lighting, and a rebuilt staircase. The primary suite includes a spacious walk-in closet. French doors open to a peaceful backyard with drought-tolerant landscaping, mature fruit trees, and a brick patio perfect for entertaining. Additional features include a newer roof, attic fans, and a large basement for storage. This home offers a rare blend of character, comfort, and quality. located in one of Los Angeles' most desirable and very safe neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 6.5 | 33% |
| Baths | 3.0 | 7.5 | 17% |
| Square foot | 3,306 | 6,461.5 | 17% |
| Lot Size | 6,627 | 14,815.5 | 17% |
| Price | $2.29M | $5.64M | 50% |
| Price per sq ft | $691 | $831 | 50% |
| Built year | 1918 | 1919 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 150 | 17% |
Mar 14, 2026
$2,285,000
$2,388,000
-4% Price Drop
Initial Listing
Feb 25, 2026
$2,388,000
$2,488,000
-4% Price Drop
Initial Listing
Jan 16, 2026
$2,488,000
Initial Listing
Jul 29, 2016
$1,740,000
Public Record
Jan 15, 2010
$800,000
Public Record