Property Details
About this Property
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 12.4X GRM plus a healthy 27% upside to income for a market GRM of 9.8X and a 6.2% 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 includ
MLS Listing Information
MLS #
CRSB25043892
MLS Source
California Regional MLS
Days on Site
21
Interior Features
Appliances
Oven Range - Gas
Flooring
Laminate
Cooling
None
Heating
Forced Air, Wall Furnace
Exterior Features
Roof
Shingle
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Carport, Garage, Garage: 1 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Anthony Walker
Buckingham Investments, Inc
License #: 01908153
Phone: (310) 982-7055
Co-Listing Agent
Josh Ess
License #: 02035659
Phone: (310) 982-7055
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1629 S Van Ness Ave is a Residential Income in Los Angeles, CA 90019. This – square foot property sits on a 8,065 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,950,000 and was built in 1960. This address can also be written as 1629 S Van Ness Ave, Los Angeles, CA 90019.
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This listing information is up-to-date as of February 28, 2025. For the most current information, please contact Anthony Walker, (310) 982-7055
