1322 S Van Ness, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
ACTIVE$1,350,000$3,098/sqft
1322 S Van Ness, Los Angeles, California 90019
0Bed
0Bath
3,098Sqft
7,202Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential & Vacancy: This quadruplex offers an exceptional investment opportunity with three units delivered vacant, allowing for immediate market-rate rent adjustments and maximizing income generation from day one.
Top Cons:
Property Age & Potential System Upgrades: Built in 1940, the property, despite being well-maintained, may require significant capital expenditure for updating major systems (e.g., plumbing, electrical, HVAC, roof) to modern standards over time.
Compared to the nearby listings
Price:$1.35M vs avg $1.14M (+$212,500)67%
Size:3,098 sqft vs avg 2,922 sqft56%
Price/sqft:$436 vs avg $44650%
More Insights
Built in 1940 (86 years old).
Condition: The property, built in 1940, presents a mixed condition across its units. While the exterior appears well-maintained and one unit showcases a recently renovated, modern kitchen with stainless steel appliances and an updated bathroom with a glass shower, other units feature significantly older kitchen styles (e.g., 1980s-90s tile backsplash, older white appliances) and very dated bathrooms (e.g., pink/red tiled walls from the 1950s-70s). Heating and cooling are provided by older wall units and window ACs. The property is clean and functional, but the varied and often outdated interior styles in multiple units, despite some updates, indicate it requires minor to moderate renovations to bring all units to a consistent, modern standard and maximize rental appeal.
Year Built
1940
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
SR26002036
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Exceptional 4-unit investment opportunity in Angelus Vista, situated between Koreatown and Arlington Heights. This very well-maintained, fully fenced, and secured fourplex. 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 to verify). 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 own an income-generating property in one of LA’s most sought-after areas. Three units will be delivered vacant.
E
Elvia Luna
Listing Agent
Nearby schools
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.5mi
3/10
Los Angeles Elementary School
Public,•K-5•0.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.6mi
3/10
Wilton Place Elementary School
Public,•K-5•0.8mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.9mi
7/10
Queen Anne Place Elementary School
Public,•K-5•1.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.5mi
5/10
Pio Pico Middle School
Public,•6-8•0.2mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.7mi
7/10
John Burroughs Middle School
Public,•6-8•1.7mi
4/10
Los Angeles Senior High School
Public,•9-12•1.2mi
4/10
West Adams Preparatory High School
Public,•9-12•1.5mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
09/15/23
Sold
$1,230,000
12/29/16
Sold
$960,000
12/18/09
Sold
$407,000
04/20/04
Sold
$587,000
Condition Rating
Fair
The property, built in 1940, presents a mixed condition across its units. While the exterior appears well-maintained and one unit showcases a recently renovated, modern kitchen with stainless steel appliances and an updated bathroom with a glass shower, other units feature significantly older kitchen styles (e.g., 1980s-90s tile backsplash, older white appliances) and very dated bathrooms (e.g., pink/red tiled walls from the 1950s-70s). Heating and cooling are provided by older wall units and window ACs. The property is clean and functional, but the varied and often outdated interior styles in multiple units, despite some updates, indicate it requires minor to moderate renovations to bring all units to a consistent, modern standard and maximize rental appeal.
Pros & Cons
Pros
Strong Income Potential & Vacancy: This quadruplex offers an exceptional investment opportunity with three units delivered vacant, allowing for immediate market-rate rent adjustments and maximizing income generation from day one.
Significant Development Upside: Zoned LR3 on a large 7,202 sq. ft. lot, the property benefits from SB1211, allowing for the development of up to four detached ADUs, providing substantial future development potential and increased income streams.
Highly Desirable & Central Location: Situated in Angelus Vista, between Koreatown and Arlington Heights, with excellent proximity to USC, DTLA, Hollywood, BMW Stadium, and major freeways, ensuring strong tenant demand and appreciation.
Tenant-Friendly Features & Low Owner Overhead: Each unit is separately metered for gas and electricity, reducing owner's utility burden. Ample parking, including a 3-covered carport, and a fully fenced, secured property enhance tenant appeal and convenience.
Well-Maintained & Additional Space: The property is described as very well-maintained, offering a solid foundation. A 250 sqft basement provides valuable additional space for owner use or storage.
Cons
Property Age & Potential System Upgrades: Built in 1940, the property, despite being well-maintained, may require significant capital expenditure for updating major systems (e.g., plumbing, electrical, HVAC, roof) to modern standards over time.
Limited Unit Configuration: All four units are 1 bedroom, 1 bathroom, which may limit the tenant demographic and potential rental income compared to properties offering a mix of larger unit sizes.
Unspecified Interior Condition: While the property is generally well-maintained, the description does not detail recent interior renovations or modern finishes within the units, suggesting potential for necessary cosmetic or functional upgrades to maximize rental value.