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2901 Van Buren Pl

Los Angeles, CA 90007
  • $3,399,800
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 22-155609
UPDATED: 52 min ago
$3,399,800
  • 18
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,394
    SQFT
  • $460
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

Description

5% CURRENT CAP RATE, DPS PATROL ZONE 8 UNIT APARTMENT COMES WITH 50% VACANCY ON 9,923 SF CORNER LOT. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus.The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (1) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. Currently there are total of non-conforming 18 bedrooms and 13 bathrooms on the property. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T19:43:08.653. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128583733
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2901 Van Buren Pl Los Angeles, CA 90007

  • Price: $3,399,800
  • Status: Active
  • On Site: 9 Days
  • Updated: 52 min ago
  • MLS #: 22-155609
18
Beds
0
Baths
0
½ Baths
0.23
Acres
7,394
SQFT
$460
$/SQFT
1911
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
5% CURRENT CAP RATE, DPS PATROL ZONE 8 UNIT APARTMENT COMES WITH 50% VACANCY ON 9,923 SF CORNER LOT. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus.The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (1) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. Currently there are total of non-conforming 18 bedrooms and 13 bathrooms on the property. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.
Exterior Features

Lot Size Area 9923 Other Structures None Parking Garage Assigned Total Parking 6

Interior Features

Baths Total 13.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 1442793 Gross Income 0 Gross Operating Income 250362 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 181288.00 Number Of Buildings 2 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 66820 Type Of Units 8 Units Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Vinnie Park DRE#02015848 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T19:43:08.653. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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