1322 S Van Ness, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This Residential Income Quadruplex represents a High-Potential Investment Opportunity with a List Price of $1,300,000, offering a stable entry point at its $1,300,000 Fair Market Value. While currently in Fair Condition, the asset provides immense upside through LR3 Zoning and SB1211 provisions for additional detached ADUs. With three units delivered vacant for immediate market-rate leasing and proximity to John Burroughs Middle School, this property is positioned for significant rental growth. This is a strategic acquisition for Buy-and-Hold Investors or Developers targeting the high-demand Koreatown-adjacent market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1322 S Van Ness Subject | $1,300,000* List Price | 0 | 0 | 3,098 | $420 | - |
A 1438 S Bronson Avenue Sold | $947,000 | 0 | 0 | 2,889 | $328 | 0.6 mi |
B 1661 Arlington Avenue Active | $1,100,000 List Price | 0 | 0 | 2,973 | $370 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
!! GREAT INVESTMENT OPPORTUNITY !! 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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,098 | 2,878.5 | 60% |
| Lot Size | 7,202 | 6,098.5 | 80% |
| Price | $1.30M | $1.11M | 70% |
| Price per sq ft | $420 | $441 | 45% |
| Built year | 1940 | 1928 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 106 | 228 | 15% |
Mar 10, 2026
$1,300,000
$1,350,000
-4% Price Drop
Initial Listing
Jan 6, 2026
$1,350,000
Initial Listing
Sep 15, 2023
$1,230,000
Public Record
Dec 29, 2016
$960,000
Public Record
Dec 18, 2009
$407,000
Public Record
Apr 20, 2004
$587,000
Public Record