Los Angeles, CA 90019 1629 S Van Ness Avenue

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  • MLS# 21100961
  • 11/02/2021
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Presented By: Elijah Korobkin with Central Realty Advisors Inc - 323-873-9332
  • Beds • 13
  • Baths • 7
  • SQFT • 6,403
  • Year Built • 1960

Home Details

5.40% Cap Rate & 38% Upside Potential! A spectacular mid- century 6-unit garden style property in Mid City: one of the most centrally located and highly desirable rental markets in Los Angeles. Built in 1960 for famed R&B and jazz singer Nellie Lutcher, the building is booming with rich history and soulful decor. 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 Four-bedroom/2.5-bathroom Owners Unit townhome complete with a patio, garage, private bar, and walk in closets. Plans have been submitted with the city to convert the garage into an additional Studio ADU. With spillover from tenants who are priced out of surrounding neighborhoods i.e. Miracle Mile to the north, and Culver City to the west, as well as from neighboring Koreatown and red hot West Adams, this asset is strategically positioned for a growing demand of tenants who want to be near everything and close to the action! This property will not last long on the market with its incredible value and spectacular location.
Presented By: Elijah Korobkin with Central Realty Advisors Inc - 323-873-9332

Interior Features for 1629 S Van Ness Avenue

Bathrooms

Total Baths0

General for 1629 S Van Ness Avenue

HOA Fee$0
Listing AgentElijah Korobkin - BRE#01897085
Listing Agent State License01897085
Lot Size Square Feet8062
MLS AreaC16 - Mid Los Angeles
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
StatusActive
Total Units6
ZoningLARD2

Exterior for 1629 S Van Ness Avenue

Lot Size Acres0.19
Lot Size Area8062
Lot Size SourceOther
Lot Size UnitsSquare Feet
Number of Buildings1
Total Parking8

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $1,725,000
MLS#21100961
List Date 11/02/2021
Property Type Income
Phone 310.658.1749
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