Los Angeles, CA 90019,1300 S VAN NESS AVE
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Los Angeles, CA 90019,1300 S VAN NESS AVE
Los Angeles, CA 90019,1300 S VAN NESS AVE
Los Angeles, CA 90019,1300 S VAN NESS AVE
Los Angeles, CA 90019,1300 S VAN NESS AVE

$1,855,000

Est. payment /mo

$2,495,000

25.7%
Est.Price: ?

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1300 S VAN NESS AVE Los Angeles, CA 90019

16 Beds

8 Baths

11,234 SqFt

SOLD DATE : 06/13/2022

Key Details

Sold Price $1,855,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 11,234 sqft

Price per Sqft $165

MLS Listing ID 22140089

Sold Date 06/13/22

Bedrooms 16

HOA Y/N No

Year Built 1946

Lot Size 10,506 Sqft

Property Description

Attention 1031 and Value-Add Opportunity Investors, Developers and Owner-Users. First time on the market in more than 30 years! This is a rare opportunity to acquire a value-add investment with the future potential to develop a mix-use, multi-story complex. This mixed-use investment consists of 2, 4-unit apartment buildings and an approximately 1,782 sq. ft. retail building. All three buildings are situated on a 10,506 sq. ft. corner parcel zoned C2-2D-O-CPIO, Tier 2 City of Los Angeles. The first 4 plex is located at 1300 S. Van Ness Ave, then adjacent to the east at 3284 Pico Blvd is a single-story retail building, the third building to the east, is the second 4 plex which also fronts Pico Blvd. The two-apartment buildings total 9,456 sq. ft., which would indicate the average square footage is about 1,100 sq. ft per unit. The property is fully occupied, with as much as 65% or more in upside rent potential. The retail tenant is on a month-to-month tenancy and for the savvy investor could create an owner user scenario. The buildings have limited parking. There is a driveway that has access from Van Ness Ave. This location provides the tenants easy access to the surrounding areas including Country Club Park, Koreatown, and Downtown.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 5073002020

Special Listing Condition Standard

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CRMLS – RECore
Listed by D. Timothy Byrne Compass
Bought with Maureen Kennedy Compass
agent

Kyle Andrade

Realtor | Listing Specialist | 02136739 | License ID: 02136739

+1(951) 240-8338

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