4019 S Van Ness Avenue, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This Value-Add Residential Income Triplex is a strategic asset with a List Price of $1,050,000, positioned within the high-demand USC/BMO Stadium Corridor. While the current $925,214 Fair Market Value reflects its Condition Rating of 4, the property offers a clear path to appreciation through the potential to permit a fourth studio unit. The 1922-built Gated Triplex features a Private Patio, Neighborhood Views, and partial interior updates. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers looking to capitalize on Los Angeles' strong rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4019 S Van Ness Avenue Subject | $1,050,000* List Price | 0 | 0 | 2,652 | $349 | - |
A 1840 W 47th Street Sold | $1,150,000 | 6 | 4 | 3,136 | $367 | 0.8 mi |
B 3887 S Van Ness Avenue Active | $1,277,777 List Price | 5 | 2 | 3,254 | $393 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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 Crucially, the property lacks central air conditioning, relying on window units, which is a significant outdated feature.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.
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.
Strategically located near USC and BMO Stadium, with convenient access to shopping centers, dining, and major freeways, ensuring strong rental demand.
Offers clear potential to permit a fourth studio unit and further expansion, providing a direct path to increase rental income and property value.
Built in 1922, the property's age suggests potential for outdated infrastructure (e.g., plumbing, electrical, roof) and significant deferred maintenance across the entire complex.
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.
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.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,652 | 2,484 | 64% |
| Lot Size | 6,210 | 5,758 | 68% |
| Price | $1.05M | $904.9K | 73% |
| Price per sq ft | $396 | $372 | 59% |
| Built year | 1922 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 225 | 9% |
Jan 23, 2026
$1,050,000
Initial Listing
Jun 29, 2016
$500,000
Public Record
Jan 27, 2005
$365,000
Public Record