$1,300,000
For Sale by Owner $428/sq ft
Listed 5 days ago

5BR Multi-Family for Sale in Los Angeles, CA

1628 S Van Ness Ave, Los Angeles, CA 90019
5 Beds
2 Bath
3,036 sq ft
Built 1910
PropSlick Verified Data Key facts & insights for this exact address
$428
Price / sq ft
1910
Year Built
$6,666
Property Tax / yr
7,004 sf
Lot Size
Los Angeles
County

Key Facts

Property TypeMulti-Family
Year Built1910
Square Footage3,036 sq ft
Lot Size7,004 sq ft
Annual Property Tax$6,666
Price / SqFt$428

Property 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 description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Washer/Dryer

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
View Full Property History on MarketTimeline
Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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