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$1,300,000
New Listing

1628 S Van Ness
Los Angeles, CA 90019

For Sale|Duplex|Active
5
Beds
2
Total Baths
2
Full Baths
3,036
SqFt
$428
/SqFt
1910
Built
County:
Los Angeles
Listed by Sophia Chang of New Star Realty & Investment [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

1628 S Van Ness1628 S Van Ness1628 S Van Ness1628 S Van Ness
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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.

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Listing Snapshot
Price 
$1,300,000
Days On Site 
0 Days
Bedrooms 
5
Inside Area (SqFt) 
3,036 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.1608 Acres
Year Built 
1910
MLS® Number 
PW26163177
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
17 hours agoListing first seen on site
17 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.1608
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Interior Features
Cooling 
Wall/Window Unit(s)
Fireplace Features 
None
Laundry Features 
Outside
Main Level Bedrooms 
3
Bedroom 
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Exterior Features
Pool Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
South
Financing Terms Available 
CashConventional
MLS Area 
KREA - Koreatown
School District 
Los Angeles Unified
Schools
School District
Los Angeles Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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