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For Sale

$1,300,000

3,036 sqft$428/sqft104 days on market

1628 S Van Ness AVE

Los Angeles, CA 90019

· 8% down, 7% APR, 30yr fixed

5

Beds

2

Baths

3,036

Square feet

1910

Built

Listing narrative

Description

Investor's Opportunity in Prime Mid-City Los Angeles! This well-maintained triplex presents an outstanding investment opportunity in one of Los Angeles' most desirable rental markets, just minutes from Koreatown, Downtown LA, USC, shopping, dining, schools, public transportation, and major freeways. Originally configured as a duplex, the property has been divided into three separate units, offering excellent rental income potential. The property features a desirable unit mix with two spacious 3-bedroom, 2-bath units in the front building and one 2-bedroom, 2-bath unit in the rear. It is currently generating approximately $5,000 per month in rental income, with tremendous upside potential. A spacious upstairs 3-bedroom, 2-bath unit is currently vacant, providing an excellent opportunity for an owner-user to move in immediately or for an investor to lease at current market rent and significantly increase cash flow. Some photos have been virtually staged to illustrate the property's potential. No physical furniture is included. Additional amenities include on-site laundry, ample rear parking, and a functional layout that appeals to long-term tenants. With strong income potential, an excellent location, and long-term appreciation opportunities, this property is ideal for both investors and owner-users looking to build wealth in the heart of Los Angeles. The property is located on a wide and clean street. Do not disturb tenants. Drive-by only.

Listing agent (MLS): Sophia Chang · Listing brokerage (MLS): New Star Realty & Investment

Property Details

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Price

$1,300,000

Beds

5 bd

Type

Multi-Family

Home Size

3,036 sqft

Baths

2

Lot Size

0.16 acres

Year

1910

Status

For Sale

Days on Market

104

$ / Sqft

$428

· 8% down, 7% APR, 30yr fixed
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Courtesy of New Star Realty & Investment