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1629 S Van Ness Avenue

Los Angeles, CA 90019

– beds
– baths
– sqft
8,065 sqft lot
1960 build
– on site

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.

Listed By CRMLS_CA / Anthony Walker / Buckingham Investments, Inc / 310-561-4776

Last checked: Checking… • Last updated Feb 28, 2025 •

MLS# SB25043892 —

The Building

Year Built:

1960
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

6403.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

1
Architectural Style:

Mid Century Modern
Roof:

Shingle
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
Faces:

East
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Levels:

Two
Entry Location:

1
Flooring:

Carpet, Laminate, Tile, Wood
Room Type:

Kitchen
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

Van Ness just South of Venice
Latitude:

34.04264700
Longitude:

-118.31676200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LARD2
Lot Features:

Rectangular Lot
Lot Size Area:

8065.0000
Lot Size Acres:

0.1851
Lot Size SqFt:

8065.00
Lot Size Source:

Assessor
View:

None
Fencing:

Block, Wrought Iron
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2213.02
Tax Tract:

221...
Tax Lot:

40

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5073023021

Heating & Cooling

Heating:

1
Heating:

Forced Air, Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Range
Included:

Yes

The Community

Features:

Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Attached Carport, Garage Faces Front
Parking Spaces:

8.00
Garage Spaces:

1.00
Uncovered Spaces:

4.00
Carport Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/27/25 Feb 27, 2025	Listed / Active	CRMLS_CA	$1,950,000	2.1% (0.7% / YR)
1/19/22 Jan 19, 2022		CRMLS_CA	$1,910,000	10.7%
12/7/21 Dec 7, 2021		CRMLS_CA	$1,725,000

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This multifamily located in Central LA, Los Angeles, CA 90019 is currently for sale for $1,950,000. 1629 S Van Ness Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 16 days. 1629 S Van Ness Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Carson-Gore Academy Of Environmental Studies, Los Angeles Senior High, and Pio Pico Middle School.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 00:03 on Mar 15.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.