Skip To Content

1629 S Van Ness Ave

Los Angeles, CA 90019
  • $1,725,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 21-100961
UPDATED: 19 min ago
$1,725,000
  • 13
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,403
    SQFT
  • $269
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

5.40% Cap Rate & 38% Upside Potential! A spectacular mid- century 6-unit garden style property in Mid City: one of the most centrally located and highly desirable rental markets in Los Angeles. Built in 1960 for famed R&B and jazz singer Nellie Lutcher, the building is booming with rich history and soulful decor. The complex consists of 2 stories, is individually metered for gas and electric, and features ample on-site parking, laundry facilities, and spacious floorplans. There is a unit mix of (4) Two-bedroom/One- bathroom units, (1) One-bedroom/One-bathroom unit, and (1) sprawling Four-bedroom/2.5-bathroom Owners Unit townhome complete with a patio, garage, private bar, and walk in closets. Plans have been submitted with the city to convert the garage into an additional Studio ADU. With spillover from tenants who are priced out of surrounding neighborhoods i.e. Miracle Mile to the north, and Culver City to the west, as well as from neighboring Koreatown and red hot West Adams, this asset is strategically positioned for a growing demand of tenants who want to be near everything and close to the action! This property will not last long on the market with its incredible value and spectacular location.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122967908
Print Image

1629 S Van Ness Ave Los Angeles, CA 90019

  • Price: $1,725,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 19 min ago
  • MLS #: 21-100961
13
Beds
0
Baths
0
½ Baths
0.19
Acres
6,403
SQFT
$269
$/SQFT
1960
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
5.40% Cap Rate & 38% Upside Potential! A spectacular mid- century 6-unit garden style property in Mid City: one of the most centrally located and highly desirable rental markets in Los Angeles. Built in 1960 for famed R&B and jazz singer Nellie Lutcher, the building is booming with rich history and soulful decor. The complex consists of 2 stories, is individually metered for gas and electric, and features ample on-site parking, laundry facilities, and spacious floorplans. There is a unit mix of (4) Two-bedroom/One- bathroom units, (1) One-bedroom/One-bathroom unit, and (1) sprawling Four-bedroom/2.5-bathroom Owners Unit townhome complete with a patio, garage, private bar, and walk in closets. Plans have been submitted with the city to convert the garage into an additional Studio ADU. With spillover from tenants who are priced out of surrounding neighborhoods i.e. Miracle Mile to the north, and Culver City to the west, as well as from neighboring Koreatown and red hot West Adams, this asset is strategically positioned for a growing demand of tenants who want to be near everything and close to the action! This property will not last long on the market with its incredible value and spectacular location.
Exterior Features

Lot Size Area 8062 Other Structures Other Parking Garage Other Total Parking 8

Interior Features

Baths Total 8.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1373091 Gross Income 139692 Gross Operating Income 139692 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 93093.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 46599 Type Of Units Apartments Year Built Source Other Zoning Lard2

Listing provided courtesy of Elijah Korobkin DRE#01897085 of Central Realty Advisors Inc.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-100961-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-100961-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-100961-2.jpg
Logo
Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210