1807 N Van Ness Avenue, Los Angeles, California 90028, Los Angeles, 90028 - 7 bed, 4 bath
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Los Angeles, California 90028
This High-Density Redevelopment Asset represents a High-Potential Investment Opportunity listed at $1,550,000, reflecting a stable price point near its $1,465,860 Fair Market Value. While currently holding a Condition Score of 5 due to deferred maintenance, the primary value lies in the flat 8,252 sq ft LARD1.5 lot and included Ready-to-Issue plans for a 7-unit multifamily project. Delivered vacant to ensure immediate execution, this project offers a massive 12,281 SF buildable footprint in a high-demand Hollywood submarket. It is an ideal acquisition for Multifamily Developers or Value-Add Investors.
Property is extensive renovation needed.
Built in 1911, this property is marketed primarily as a redevelopment or major value-add opportunity, including RTI plans for a 5-unit multifamily project. The interior shows significant signs of age and deferred maintenance, with outdated flooring, window AC units indicating a lack of central HVAC, and a kitchen/utility area that lacks modern fixtures and cabinetry. The property analysis explicitly identifies aging infrastructure—including potential needs for electrical, plumbing, and foundation repairs—as a major weakness, fitting the criteria for substantial rehabilitation.
The property includes proposed RTI (Ready-to-Issue) plans for a 5-unit multifamily project totaling 11,493 SF, significantly reducing the entitlement lead time for developers.
Situated on a flat 8,252 sq ft lot zoned LARD1.5, the property offers high-density redevelopment potential in a high-demand Hollywood submarket.
The asset will be delivered vacant, allowing an investor to bypass the complexities and costs of tenant relocation and begin execution of their strategy immediately.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8252, other record lot size in square feet = 8392. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2910, other record living area = 2388. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
To achieve the 'highest and best use' outlined in the RTI plans, a buyer will need substantial construction financing and expertise to manage a multi-building project.
Built in 1911, the existing Craftsman structure likely requires extensive and costly updates to major systems, including electrical, plumbing, and foundation, to meet modern standards.
1807 N Van Ness Ave is a compelling investor opportunity situated on a flat 8,252 sq ft LARD1.5-zoned lot with multiple value-add and redevelopment pathways. Set behind mature landscaping, this Craftsman-style property offers 2,910 sq ft of existing improvements featuring 7 bedrooms and 4 bathrooms, providing substantial in-place square footage to renovate, reconfigure, or reposition. The expansive lot includes a garage and separate rec room, presenting additional income potential, flexible-use space, or future conversion possibilities (buyer to verify). Property is tenant occupied and will be delivered vacant, allowing immediate execution of investment strategy. There are proposed plans for a well-configured multifamily asset featuring four buildings totaling 12,281 SF, comprising two duplexes, one single-family residence, and two detached ADUs for a combined seven residential units. The proposed project offers a strong unit mix of 19 bedrooms and 17 bathrooms, including four spacious 3- bed/3-bath units, one 3-bed/2.5-bath SFR, and two 2-bed/1-bath ADUs. The thoughtful layout and modern unit sizes position the asset for consistent cash flow and long-term value appreciation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 83% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 2,910 | 1,772 | 83% |
| Lot Size | 8,252 | 2,263 | 83% |
| Price | $1.53M | $1.11M | 83% |
| Price per sq ft | $527 | $616 | 17% |
| Built year | 1911 | 1968 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 195 | 17% |
Apr 19, 2026
$1,535,000
$1,550,000
-1% Price Drop
Initial Listing
Feb 4, 2026
$1,550,000
Initial Listing
Nov 21, 2016
$1,171,000
Public Record