1629 S Van Ness Avenue

Los Angeles, CA 90019

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,403 Sqft
  • 8065
    Sqft(Lot)
$1,795,000

Description

Huge 6 unit property on a large lot in the heart of mid-city la, close to everything that la has to offer, yet on a quiet residential street. the building has an excellent mix consisting of four 2 bedroom units, one 1 bedroom unit, and an enormous 4 bed, 2.5 bath two story owner's unit with a private patio. there are over 6400 square feet of rentable space on an 8000 square foot lot with parking for 6 cars in the rear plus a single car garage and one space in the front. the property is well priced on actual rents at 11.3x grm plus a healthy 25% upside to income for a market grm of 9.1x and a 6.8% cap rate. the building was built in 1960 with recent improvements including exterior paint, a commercial water heater, with new floors and windows in the owner's unit. there are also additional upgrades to finishes, appliances, and windows in select units. the la required soft story retrofit has been completed, and there is a laundry room on the premises for additional income. the units are all separately metered for gas and electric and there is an opportunity to decrease expenses through implementation of rubs program for water, sewer, and trash.



tenants enjoy close proximity to a huge variety of entertainment and restaurants in some of the city's hottest neighborhoods including koreatown, larchmont village, miracle mile, and downtown la. over 80% of households within 5 miles are renters with an average household income of over $87,000 per costar. the location offers great access to the city via the 10 freeway just a few blocks away, and two close metro rail stations.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    48757964

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Property Appliances: Gas Range
    • Fireplace: None
    • Flooring: Carpet,Laminate,Tile,Wood

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Forced Air,Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1960
    • Building Area Total: 6,403
    • Construction: Stucco
    • Roof: Shingle

    Foundation

    • Slab

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Block,Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1851
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8065

  • Listing Price Information

    • Original List Price: 1,795,000
    • Listing Contract Date: 2025-02-27

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5073023021

  • Garage and Parking

    • Garage Description: Attached Carport,Garage Faces Front

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Postal Code Plus 4: 6247
    • Directions: Van Ness just South of Venice
    • Zoning: LARD2
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 65
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/04/2025 @ 05:24

  • MLS: SB25043892
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,403 sqft, 8,065 sized lot, and 1 parking. are nearby neighborhoods.