1629 S Van Ness Avenue, Los Angeles CA 90019

$1,950,000

1629 S Van Ness Avenue, Los Angeles, CA 90019

bedrooms

bathrooms

square feet

6,403

Acreage

0.18514692378328743

Open Houses

year built

1960

Full Baths

Half Baths

Find out more

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 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.

Location
Subdivision	-
County	Los Angeles
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Anthony Walker, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: SB25043892

Listing agent: Anthony Walker #01908153

Listing broker: Buckingham Investments, Inc. (562) 208-4890

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, February 28 2025 at 12:23 a.m. EST

Kotohomes National