1628 S Van Ness, Los Angeles, California 90019, Los Angeles, 90019 - 5 bed, 2 bath
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1628 S Van Ness
Los Angeles, California 90019
ACTIVE
CONDITION: FAIR
5Beds
2Baths
3,036Sq Ft
7,003Lot Size
Property Price
LIST PRICE$1,300,000
EST. MARKET VALUE
$1,300,747
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well below the $1,300,747 Fair Market Value by 0.06%. Featuring a Condition Rating of 4, the property offers a rare unit mix of two 3-bedroom and one 2-bedroom units. With one unit currently vacant, this asset provides immediate rental upside and flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage Mid-City rental demand and long-term appreciation.
Estimated Market Value
$1,300,747
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1628 S Van Ness Subject | $1,300,000* List Price | 5 | 2 | 3,036 | $428 | - |
A 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1910, this property is functional and described as well-maintained, but the age and lack of documented recent renovations suggest dated systems and interiors. The use of virtual staging and the 'investor opportunity' tag indicate that kitchens and baths likely require modern updates to reach full market potential.
PROSSTRENGTHS & OPPORTUNITIES
- High Rental Upside
With a vacant 3-bedroom unit and a current monthly income of $5,000, the property offers significant potential to increase cash flow by leasing the vacancy at market rates or utilizing it for an owner-user.
- Strategic Mid-City Location
Situated in a highly desirable rental market near Koreatown, USC, and Downtown LA, the property benefits from strong tenant demand, excellent transit access, and long-term appreciation potential.
- Desirable Unit Configuration
The triplex features a rare and spacious unit mix, including two 3-bedroom/2-bathroom units, which appeals to families or roommate situations and typically commands higher rental premiums.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1910, this century-old property may require significant capital expenditures for modernizing systems such as plumbing, electrical, or seismic retrofitting to meet current standards.
- Restricted Inspection Access
The 'drive-by only' and 'do not disturb tenants' requirement limits a buyer's ability to perform a thorough initial physical inspection, increasing the risk of unforeseen interior maintenance issues.
About 1628 S Van Ness
Investor's Opportunity in Prime Mid-City Los Angeles! This well-maintained triplex presents an outstanding investment opportunity in one of Los Angeles' most desirable rental markets, just minutes from Koreatown, Downtown LA, USC, shopping, dining, schools, public transportation, and major freeways. Originally configured as a duplex, the property has been divided into three separate units, offering excellent rental income potential. The property features a desirable unit mix with two spacious 3-bedroom, 2-bath units in the front building and one 2-bedroom, 2-bath unit in the rear. It is currently generating approximately $5,000 per month in rental income, with tremendous upside potential. A spacious upstairs 3-bedroom, 2-bath unit is currently vacant, providing an excellent opportunity for an owner-user to move in immediately or for an investor to lease at current market rent and significantly increase cash flow. Some photos have been virtually staged to illustrate the property's potential. No physical furniture is included. Additional amenities include on-site laundry, ample rear parking, and a functional layout that appeals to long-term tenants. With strong income potential, an excellent location, and long-term appreciation opportunities, this property is ideal for both investors and owner-users looking to build wealth in the heart of Los Angeles. The property is located on a wide and clean street. Do not disturb tenants. Drive-by only.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1910
- Lot Size
- 7,003 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 • 0.3 mi
6/10
Arlington Heights Elementary School
Grades K-5 • 0.5 mi
3/10
Twenty-Fourth Street Elementary School
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 2.0 | 3.0 |
| Square foot | 3,036 | 2,187.451 |
| Lot Size | 7,003 | 5,841.385 |
| Price | $1.30M | $841.5K |
| Price per sq ft | $428 | $385 |
| Built year | 1910 | 1928 |
| HOA | $0 | $0 |
| Days on market | 44 | 85 |
Pricing History
Listed for Sale
Jul 27, 2026
$1,300,000
Initial Listing
Sold
Sep 20, 2000
$175,000
Public Record