1322 Van Ness Street, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This High-Potential Investment Opportunity is a Quadruplex listed at $1,300,000, positioned above the $1,243,789 Fair Market Value. Despite the premium, the property offers significant upside through its LR3 Zoning and SB1211 eligibility, which allows for the development of two additional detached ADUs. With a Condition Rating of 3 and three units delivered vacant, this asset provides immediate rental income potential. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage a prime Los Angeles location near USC and major transit hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1322 Van Ness Street Subject | $1,300,000* List Price | 0 | 0 | 3,098 | $401 | - |
A 1438 S Bronson Avenue Sold | $947,000 | 0 | 0 | 2,889 | $328 | 0.6 mi |
B 1522 5th Avenue Active | $1,350,000 List Price | 6 | 4 | 2,895 | $466 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1940 build date, the property has undergone significant renovations likely within the last 5-15 years. The kitchen features modern white shaker cabinets, solid surface countertops, and stainless steel appliances. The units have updated laminate flooring, fresh paint, and are separately metered, making them move-in ready and well-maintained for tenants.
The property features a large 7,202 sq. ft. lot zoned LR3 with SB1211 eligibility, allowing for the construction of two additional detached ADUs to maximize rental income and property value.
Delivering three of the four units vacant provides a rare opportunity to immediately secure market-rate rents or for an owner-occupant to move in while benefiting from existing cash flow.
Situated in Angelus Vista near Koreatown and USC, the property is positioned in a high-demand rental market with easy access to DTLA, Hollywood, and major transit corridors.
Built in 1940, the property may require more frequent maintenance or capital improvements to aging systems compared to modern multi-family constructions.
The local public schools have relatively low performance ratings, which may limit the property's appeal to certain tenant demographics despite its central location.
!! 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 two 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, BMO 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. Live in one and rent the others!
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 |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,098 | 2,250 |
| Lot Size | 7,202 | 5,864 |
| Price | $1.30M | $826.7K |
| Price per sq ft | $420 | $395 |
| Built year | 1940 | 1925 |
| HOA | $0 | $0 |
| Days on market | 8 | 83 |
Jul 14, 2026
$1,300,000
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