1322 Van Ness Street, Los Angeles, CA 90019
1322 Van Ness Street, Los Angeles, CA 90019
1322 Van Ness Street, Los Angeles, CA 90019
1322 Van Ness Street, Los Angeles, CA 90019
1322 Van Ness Street, Los Angeles, CA 90019
1322 Van Ness Street, Los Angeles, CA 90019
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Orlando Garcia

Orlando Garcia

+1(562) 413-7349
$ 1,300,000
Est. payment | /mo

7,200 Sqft Lot

Save
$ 1,300,000
Est. payment | /mo
Save

7,200 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26153015

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1940

Lot Size 7,200 Sqft

Property Sub-Type Quadruplex

Property Description

!! GREAT INVESTMENT OPPORTUNITY !! Exceptional 4-unit investment opportunity in Angelus Vista, situated between Koreatown and Arlington Heights. This very well-maintained, fully fenced, secured fourplex and ready to be leased!! Each of the spacious four units features 1 bedroom and 1 bathroom, perfect for attracting tenants or making it your own investment dream. The property sits on a large 7,202 sq. ft. lot with a building size of over 3098 sq. ft., zoned LR3, offering future development potential, while SB1211 allows for the development of up to two detached ADUs by right buyer CAN BUILD 2 more units, each 2+1. Additional highlights include a 3-covered carport, that you can rent, ample parking is available at the rear and front of the property, ensuring convenience for all, a 250sqft basement for owner to use, every unit is separately metered gas and electricity. Located in a highly desirable neighborhood it's within 3 miles to USC, 15-minute drive to Koreatown, Hollywood, DTLA, BMO Stadium, easy access to freeways. This is a rare opportunity to add to your portfolio and own an income-generating property in one of LA's most sought-after areas. Three units will be delivered vacant. Live in one and rent the others!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Interior Features Crown Molding, Quartz Counters, Tile Counters, Walk-In Closet(s)

Heating Space Heater

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Water Heater

Laundry Common Area

Exterior

Parking Features Detached Carport, Driveway

Carport Spaces 3

Fence Block, Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Water Connected

Roof Type Asphalt

Total Parking Spaces 9

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Foundation Raised

Sewer Private Sewer

Water Private

Architectural Style Craftsman

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Elvia Luna Beverly and Company, Inc. 323.379.8888, DRE #01946715

Nearby Locations

Orlando Garcia

+1(562) 413-7349

ogarcia@realtygrouphs.com

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1322 Van Ness Street