
Los Angeles, California 90047
Analysis of 8216 S Van Ness Avenue, Los Angeles, California 90047 is currently available with a list price of $899,995. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1927 and held by the same owner for over 50 years, this property is marketed as a 'value-add' investment requiring restoration. While it features recent cosmetic updates like fresh paint and new carpet, the interior shows significant signs of age including popcorn ceilings, dated wood paneling, and old wall heaters. The lack of major kitchen/bath renovations in the last 30+ years and the 'restoration' focus suggest a need for a full rehab of systems and interiors.
High School: Middle College High School (9/10).
This unique property offers immense upside through the potential to convert the current triplex back into its original four-unit configuration and the opportunity for an ADU conversion of the detached garage.
Situated on a prominent corner lot just minutes from SoFi Stadium, the property is ideally located to benefit from the ongoing revitalization and high rental demand in the area.
With two units delivered tenant-occupied, the new owner may face limitations regarding immediate rent increases or unit renovations due to local rent control regulations.
The surrounding public schools have low performance ratings (ranging from 1 to 3), which may deter family-oriented renters and impact long-term resale appeal to owner-occupants.
First time on the market in over 50 years! Exceptional value add investment opportunity just minutes from SoFi Stadium. Sitting on a corner lot currently configured as a 3 unit, this unique property offers the potential to convert back to its original 4 unit layout. The spacious owner's unit features a combined 5 bedroom, 2 bath floor plan (Front Unit 3BD/1BA) and (Rear Unit 2BD/1BA with attached garage). This combined unit will be delivered vacant. The 2 upper 1 bedroom, 1 bath units, will both be delivered tenant occupied, providing immediate rental income. The property includes 4 separate addresses, each with their own entrance, as well as 4 separate gas and electric meters, offering excellent flexibility for future improvements. There is an additional detached garage presenting ADU or garage conversion potential, creating even more income possibilities. Recent upgrades include fresh interior paint, new carpet, and an updated roof. Whether you're looking to own a home with built in rental income, expand your investment portfolio, or unlock the property's full potential through restoration to a 4 unit configuration and possible ADU additions, this is an opportunity you won't want to miss. Properties with this combination of location, flexibility, and upside rarely become available. Don't miss your chance to make this gem your own!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,479 | 2,250 |
| Lot Size | 5,807 | 5,864 |
| Price | $900.0K | $826.7K |
| Price per sq ft | $259 | $395 |
| Built year | 1927 | 1925 |
| HOA | $0 | $0 |
| Days on market | 14 | 83 |
Jul 8, 2026
$899,995
Initial Listing