3887 S Van Ness Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 2 bath
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3887 S Van Ness Avenue
Los Angeles, California 90062
ACTIVE
CONDITION: FAIR
5Beds
2Baths
3,254Sq Ft
5,085Lot Size
Property Price
LIST PRICE$1,277,777
EST. MARKET VALUE
$1,176,626
8% AboveMARKET VALUE
SUMMARY
This Strategic Multi-Family Asset is a high-demand duplex with a List Price of $1,277,777, positioned near its $1,228,131 Fair Market Value. Each unit offers a spacious 3-bedroom, 2-bathroom layout with separate utility meters, ensuring efficient management and reduced overhead. With a Fair Condition Rating, the property is sold "As-Is" and sits in a prime location near USC and Exposition Park, guaranteeing consistent tenant interest. This university-corridor acquisition is a stable choice for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in a developing Los Angeles neighborhood.
Estimated Market Value
$1,176,626
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 |
|---|---|---|---|---|---|---|
★ 3887 S Van Ness Avenue Subject | $1,277,777* List Price | 5 | 2 | 3,254 | $362 | - |
A 3846 S Gramercy Place Active | $925,000 List Price | 0 | 0 | 3,200 | $289 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1965 and is being sold 'As-Is' with 'drive-by only' restrictions, which typically indicates that while the property is functional and 'well-maintained' for its age, it likely features outdated interior finishes, older kitchen appliances, and systems that have not undergone a full modern renovation within the last 15 years. It meets the 'fair' criteria as an aged property maintained through regular upkeep but showing signs of being stylistically and technically outdated compared to current modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Investment Location
The property is ideally situated near USC, Exposition Park, and Downtown LA, ensuring high rental demand and long-term appreciation in a rapidly developing corridor.
- Desirable Unit Configuration
Both units feature a spacious 3-bedroom, 2-bathroom layout, which is highly sought after by families and student renters, maximizing potential rental income.
- Efficient Utility Management
Separate meters for gas and electricity allow tenants to pay their own utilities, significantly reducing the owner's operating expenses and simplifying property management.
CONSRISKS & DEFICIENCIES
- Regulatory Rent Constraints
Being subject to LA City Rent Stabilization Ordinance (RSO) limits the ability to adjust rents to market rates, potentially impacting immediate cash flow.
- Due Diligence Hurdles
The 'As-Is' sale condition and 'drive-by only' viewing restriction, coupled with existing tenancies, create challenges for a thorough interior assessment prior to an offer.
About 3887 S Van Ness Avenue
Prime Investment Opportunity Near USC! Welcome to 3887-3889 S. Van Ness Avenue – a well-maintained duplex located just minutes from USC, Exposition Park, Banc of California Stadium, and Downtown LA. Each spacious unit features 3 bedrooms and 2 bathrooms, offering generous living space ideal for long-term tenants or owner-occupants. The property is configured with one unit over the other, both with their own private 1-car garages and separate utility meters (gas and electricity). Seller pays water only; tenants are responsible for their own utilities. This duplex is subject to LA City rent control (RSO) and is being sold AS IS, with tenants in place. Perfect for the savvy investor looking for consistent rental income in a growing neighborhood or a future owner-user planning to occupy one unit and rent out the other. Additional Highlights: Each unit: 3 Beds / 2 Baths Separate meters for each unit Subject to interior inspection Near major transit, development, and university corridor Upside potential in an appreciating area Whether you’re adding to your rental portfolio or planning for future redevelopment, the possibilities here are endless. Do not disturb tenants. Drive by only.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1965
- Lot Size
- 5,085 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
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 | 3,254 | 2,187.451 |
| Lot Size | 5,085 | 5,841.385 |
| Price | $1.28M | $841.5K |
| Price per sq ft | $393 | $385 |
| Built year | 1965 | 1928 |
| HOA | $0 | $0 |
| Days on market | 404 | 85 |
Pricing History
Listed for Sale
Aug 1, 2025
$1,277,777
Initial Listing
Sold
Dec 15, 2016
$570,000
Public Record
Sold
Jan 2, 2001
$180,000
Public Record