856 N Van Ness Avenue 3, Los Angeles, California 90038, Los Angeles, 90038 - 2 bed, 2 bath
856 N Van Ness Avenue 3
Los Angeles, California 90038
Property Price
SUMMARY
Analysis of 856 N Van Ness Avenue 3, Los Angeles, California 90038 is currently available with a list price of $564,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features several modern updates that elevate it above its 1989 construction date. The kitchen has been renovated with granite countertops and maple cabinetry, and the interior features updated wood-style flooring and recessed lighting. While the building infrastructure is aging, the unit itself appears well-maintained with functional systems and contemporary finishes that meet the criteria for a 'good' condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Hollywood Location
Situated directly across from Paramount Studios and minutes from Larchmont Village and Melrose Avenue, this property offers exceptional access to iconic Los Angeles landmarks and entertainment hubs.
- Secure Parking
The unit includes two dedicated parking spaces within a gated building, a highly coveted and valuable feature in the densely populated Hollywood area.
- Modern Open-Concept Layout
The interior features a bright, open-concept design with a stylish kitchen, granite countertops, and a private balcony, providing a contemporary living experience.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1989, the building may require more frequent maintenance or updates to common areas and systems compared to newer luxury developments in the vicinity.
- Recent Price Adjustments
Multiple price reductions since the initial listing suggest a potential misalignment with current market expectations or a need for more aggressive positioning to attract buyers.
About 856 N Van Ness Avenue 3
Modern Hollywood Living Across from Paramount Studios! Experience the pulse of Hollywood in this bright and spacious 2-bedroom, 2-bathroom condo located in the charming Van Ness Grove complex. Boasting an open-concept layout, this unit features a stylish kitchen with maple cabinetry and granite countertops, recessed lighting, and a blend of wood-style and tile flooring. Retreat to your primary suite or enjoy the California sun on the balcony. This well-maintained, gated building offers direct-entry access and two dedicated parking spaces. Located just steps from Paramount Studios and minutes from Larchmont Village, Melrose Ave, and the Hollywood Forever Cinespia nights. Everything you love about LA is at your doorstep!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 6,586 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $410.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 920 | 1,108 | 20% |
| Lot Size | 6,586 | 11,450 | 20% |
| Price | $565.0K | $765.0K | 20% |
| Price per sq ft | $614 | $614 | 50% |
| Built year | 1989 | 2006 | 20% |
| HOA | $410.0 | $578 | 20% |
| Days on market | 52 | 204 | 20% |
Pricing History
Listed for Sale
Feb 25, 2026
$564,999
$574,999
-2% Price Drop
Initial Listing
Price Change
Feb 3, 2026
$574,999
$599,999
-4% Price Drop
Initial Listing
Price Change
Jan 13, 2026
$599,999
Initial Listing
Sold
Jan 18, 2018
$490,000
Public Record
Sold
Apr 17, 2015
$402,000
Public Record
Sold
May 2, 2007
$429,000
Public Record