4019 S Van Ness Avenue, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
4019 S Van Ness Avenue
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 4019 S Van Ness Avenue, Los Angeles, California 90062 is currently available with a list price of $1,050,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1922, this triplex shows its age despite partial cosmetic updates in at least one unit, such as modern-look tile flooring and recessed lighting. The kitchen features a mix of updated elements like a newer range hood and backsplash, but also older granite countertops, dated ceiling fans, and older appliances. Crucially, the property lacks central air conditioning, relying on window units, which is a significant outdated feature. While maintained and functional, the property requires further updates to meet modern standards, especially considering the age of the underlying systems in a 1922 build and the inconsistent condition across units.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income Potential
This property is an existing triplex with two 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit, explicitly marketed as an income-producing asset.
- Prime Investment Location
Strategically located near USC and BMO Stadium, with convenient access to shopping centers, dining, and major freeways, ensuring strong rental demand.
- Significant Value-Add Opportunity
Offers clear potential to permit a fourth studio unit and further expansion, providing a direct path to increase rental income and property value.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1922, the property's age suggests potential for outdated infrastructure (e.g., plumbing, electrical, roof) and significant deferred maintenance across the entire complex.
- Inconsistent Unit Condition Disclosure
The detailed description of interior features is limited to only one front unit, leaving the condition and potential renovation needs of the other two units ambiguous.
- Lack of Mentioned Cooling System
While ceiling fans are noted, there is no mention of central air conditioning or any other cooling system, which could be a significant drawback for tenants during hot Los Angeles summers.
About 4019 S Van Ness Avenue
Gated triplex in a prime location near USC and BMO Stadium. This income-producing property features two front units, each offering 2 bedrooms and 2 baths, plus a rear 1-bedroom, 1-bath unit, with potential to permit a fourth studio unit an ideal value-add opportunity. One of the front units showcases tile flooring, recessed lighting, and an open living room that flows seamlessly into the dining area. The kitchen offers plenty of cabinet space, a ceiling fan, and inside laundry. Bedrooms are spacious and bright, complete with recessed lighting and ceiling fans. Bathrooms include a tiled shower and the second one has a shower-in-tub combination. Conveniently located near shopping centers, dining, and major freeways, this gated triplex is well-suited for investors seeking strong rental demand with future expansion potential. The additional addresses are 4021 and 4021 1/2 Van Ness Ave Los Angeles
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1922
- Lot Size
- 6,210 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,652 | 2,484 | 65% |
| Lot Size | 6,210 | 5,676 | 70% |
| Price | $1.05M | $862.5K | 74% |
| Price per sq ft | $396 | $388 | 57% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 202 | 4% |
Pricing History
Listed for Sale
Jan 23, 2026
$1,050,000
Initial Listing
Sold
Jun 29, 2016
$500,000
Public Record
Sold
Jan 27, 2005
$365,000
Public Record