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    1629 S Van Ness Ave

    Los Angeles, CA 90019
    • $1,725,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: 20-613238
    $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 & 12.3 GRM!! A spectacular mid- century 6-unit in Mid City: one of the most CENTRAL and highly desirable rental markets in Los Angeles. Built in 1960, 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 Owner's Unit: a Four-Bedroom/2.5-Bathroom Townhome, complete with a patio, garage, private bar, and walk in closets. Units are individually metered for Gas and Electric. Seller completed soft story retrofit!! Priced at $269/SF and 12.3 GRM, this property is priced to sell!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-23T23:42:40.78. 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.trulinerealty.com/homes/108541224
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    1629 S Van Ness Ave Los Angeles, CA 90019

    • Price: $1,725,000
    • Status: Active
    • ID#: 20-613238
    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 & 12.3 GRM!! A spectacular mid- century 6-unit in Mid City: one of the most CENTRAL and highly desirable rental markets in Los Angeles. Built in 1960, 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 Owner's Unit: a Four-Bedroom/2.5-Bathroom Townhome, complete with a patio, garage, private bar, and walk in closets. Units are individually metered for Gas and Electric. Seller completed soft story retrofit!! Priced at $269/SF and 12.3 GRM, this property is priced to sell!
    Exterior Features

    Lot Size Area 8062 Other Structures Other Parking Garage Garage - 1 CarOther Total Parking 7

    Interior Features

    Baths Total 7.00 Cooling Other Equipment OtherWasherDryer Heating Other Laundry Other

    Property Features

    Assessed Total Value 1293898 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 2020-11-23T23:42:40.78. 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.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211