5215 S Van Ness, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 1 bath
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5215 S Van Ness
Los Angeles, California 90062
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,264Sq Ft
4,661Lot Size
Property Price
LIST PRICE$689,000
EST. MARKET VALUE
$715,289
3% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $689,000, positioned well below the $715,290 Fair Market Value by 3%. This valuation gap offers $26,290 in Instant Equity. Featuring a Condition Rating of 2, this turn-key designer home includes a new roof, re-piped plumbing, and LAR2 zoning for ADU expansion. Its prime location near the Metro line and USC makes it a versatile asset for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income potential.
Estimated Market Value
$715,289+$26,289 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 5215 S Van Ness Subject | $689,000* List Price | 2 | 1 | 1,264 | $566 | - |
A 4904 S Van Ness Avenue Sold | $735,000 | 3 | 2 | 1,252 | $587 | 0.3 mi |
B 4716 S Van Ness Avenue Sold | $749,000 | 3 | 2 | 1,446 | $518 | 0.4 mi |
C 2025 W Vernon Avenue Sold | $715,000 | 3 | 2 | 1,146 | $624 | 0.7 mi |
D 1664 W 55th Street Sold | $620,000 | 3 | 2 | 1,098 | $565 | 0.6 mi |
E 1519 W 51st Place Sold | $859,000 | 3 | 2 | 1,426 | $602 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a complete high-end remodel (less than 5 years ago) and is delivered in 100% turn-key condition. Key updates include a brand-new roof, updated electrical, and complete re-pipe plumbing. The interior features a custom designer kitchen and a pristine spa bathroom, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Renovation
The property features a comprehensive high-end remodel, including a new roof, updated electrical, and re-piped plumbing, offering a move-in ready experience with modern reliability.
- Development Potential
Zoned LAR2 on a 4,661 sqft lot, the property provides significant value-add opportunities for an ADU addition or multi-unit expansion under SB 9 to maximize rental income.
- Strategic Location
Situated in the trending Park Mesa Heights area, the home offers excellent accessibility to the Crenshaw/LAX Metro line, USC, and major Los Angeles employment hubs.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-05-08. The sold price is $450,000.00.
- Limited Bathroom Count
With only one bathroom for a two-bedroom home, the layout may be less convenient for families or co-living arrangements compared to modern residential standards.
- Lack of Views
The property lacks any significant scenic views, which may impact its competitive appeal compared to other elevated or hillside listings in the broader Los Angeles market.
About 5215 S Van Ness
Rare opportunity to acquire a fully renovated 2BR/1BA designer home on an LAR2 zoned lot in hot Park Mesa Heights. Delivered 100% turn-key, this property is ideal for an owner-user looking for high-end finishes, or an investor seeking top-tier rental income with instant ADU / multi-family value-add potential. Complete High-End Remodel: Brand-new roof, complete re-pipe plumbing, updated electrical, and designer finishes throughout. Luxury Interior: Custom kitchen with premium materials, pristine spa bathroom, and light-filled open living space. Development Upside: LAR2 zoning allows for an ADU addition or SB 9 / multi-unit expansion to maximize cash flow. Prime Location: Minutes from the Crenshaw/LAX Metro line, USC, and major SoCal hubs.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 4,661 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,264 | 1,664.159 |
| Lot Size | 4,661 | 6,066.556 |
| Price | $689.0K | $1.35M |
| Price per sq ft | $545 | $806 |
| Built year | 1912 | 1939 |
| HOA | $0 | $278 |
| Days on market | 12 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$689,000
Initial Listing
Sold
May 8, 2026
$450,000
Public Record