1322 S Van Ness, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
1322 S Van Ness
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1322 S Van Ness, Los Angeles, California 90019 is currently available with a list price of $1,350,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1940, is described as 'very well-maintained' externally, which is supported by the images. However, the interior condition varies significantly across units. While one unit features a recently renovated kitchen with modern cabinets, stainless steel appliances, and a contemporary bathroom with a glass-enclosed shower, other units display very dated kitchens (older white appliances, laminate countertops, dated backsplash) and bathrooms (pink/red tiled walls, older vanities, tub enclosures). Heating is via wall-mounted units and cooling via window ACs, indicating older systems rather than central HVAC. The flooring in living areas and bedrooms is generally well-maintained hardwood or laminate. Overall, the property is aged but maintained with occasional updates, and some units require minor updates to meet current tenant expectations, particularly in the bathrooms and kitchens, aligning with a 'Fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Income & Development Potential
Three units delivered vacant allows for immediate market-rate leasing, and the LR3 zoning with SB1211 provisions for up to four detached ADUs (specifically 'CAN BUILD 2 more units, each 2+1') offers substantial future development and income growth.
- Prime Los Angeles Location
Situated in Angelus Vista, between Koreatown and Arlington Heights, with excellent proximity to USC, DTLA, Hollywood, BMW Stadium, and major freeways, enhancing tenant demand and property appreciation.
- Well-Maintained & Secure Property
Described as a 'very well-maintained, fully fenced, secured fourplex,' suggesting lower immediate capital expenditures for a new owner and a desirable living environment for tenants.
CONSRISKS & DEFICIENCIES
- Limited Unit Configuration
All four existing units are 1 bedroom, 1 bathroom, which may limit the tenant pool to singles or couples and potentially restrict higher rental income compared to properties with a more diverse or larger unit mix.
- Age of Construction
Built in 1940, the property, despite being well-maintained, may have older infrastructure (e.g., plumbing, electrical systems) that could require future upgrades or lead to higher maintenance costs over time.
- Unspecified Interior Modernization
While the building is well-maintained, the description does not specify recent interior renovations or modern finishes within the units, which might be expected by tenants in a competitive LA market and could require investment to maximize rental value.
About 1322 S Van Ness
Exceptional 4-unit investment opportunity in Angelus Vista, situated between Koreatown and Arlington Heights. This very well-maintained, fully fenced, secured fourplex and ready to be leased!! Each of the spacious four units features 1 bedroom and 1 bathroom, perfect for attracting tenants or making it your own investment dream. The property sits on a large 7,202 sq. ft. lot with a building size of over 3098 sq. ft., zoned LR3, offering future development potential, while SB1211 allows for the development of up to four detached ADUs by right buyer CAN BUILD 2 more units, each 2+1. Additional highlights include a 3-covered carport, that you can rent, ample parking is available at the rear and front of the property, ensuring convenience for all, a 250sqft basement for owner to use, every unit is separately metered gas and electricity. Located in a highly desirable neighborhood it’s within 3 miles to USC, 15-minute drive to Koreatown, Hollywood, DTLA, BMW Stadium, easy access to freeways. This is a rare opportunity to add to your portfolio and own an income-generating property in one of LA’s most sought-after areas. Three units will be delivered vacant.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1940
- Lot Size
- 7,202 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.5 mi
Los Angeles Elementary School
Grades K-5 • 0.6 mi
Arlington Heights Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,098 | 2,708 | 63% |
| Lot Size | 7,202 | 6,167 | 79% |
| Price | $1.35M | $1.10M | 68% |
| Price per sq ft | $436 | $475 | 42% |
| Built year | 1940 | 1929 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 191 | 11% |
Pricing History
Listed for Sale
Jan 6, 2026
$1,350,000
Initial Listing
Sold
Sep 15, 2023
$1,230,000
Public Record
Sold
Dec 29, 2016
$960,000
Public Record
Sold
Dec 18, 2009
$407,000
Public Record
Sold
Apr 20, 2004
$587,000
Public Record