1629 South Van Ness Avenue

Los Angeles, CA 90019

$1,600,000
Last Sold Price
13
Beds
7
Baths
6,403 Sq. Ft.
$250 / Sq. Ft.
6,403
Sq. Ft.
$250
per Sq. Ft.

Description

5.40% Cap Rate & 12.3 GRM! A spectacular mid- century 6-unit in Mid City: one of the most CENTRAL and highly desirable rental markets in Los Angeles. Built in 1960, the complex consists of 2 stories, is individually metered for gas and electric, and features ample on-site parking, laundry facilities, and spacious floorplans. There is a unit mix of (4) Two-bedroom/One-bathroom units, (1) One-bedroom/One- bathroom unit, and (1) sprawling Owner's Unit: a Four-Bedroom/2.5-Bathroom Townhome, complete...5.40% Cap Rate & 12.3 GRM! A spectacular mid- century 6-unit in Mid City: one of the most CENTRAL and highly desirable rental markets in Los Angeles. Built in 1960, the complex consists of 2 stories, is individually metered for gas and electric, and features ample on-site parking, laundry facilities, and spacious floorplans. There is a unit mix of (4) Two-bedroom/One-bathroom units, (1) One-bedroom/One- bathroom unit, and (1) sprawling Owner's Unit: a Four-Bedroom/2.5-Bathroom Townhome, complete with a patio, garage, private bar, and walk in closets. Units are individually metered for Gas and Electric. Seller completed soft story retrofit! Priced at $269/SF and 12.3 GRM, this property is priced to sell!
  1. Listed by Elijah Korobkin • DRE #01897085 • Brokerage DRE #01897085 • Central Realty Advisors Inc

Property Details for 1629 South Van Ness Avenue

Zoning
LARD2
Parcel Number
5073023021
Total Units
6.0
Living Area
6403
Source Living Area
Other
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
8062

Location

Listing Courtesy of Central Realty Advisors Inc, Elijah Korobkin, DRE #01897085

Sold By Central Realty Advisors Inc., Elijah Korobkin, DRE #01897085

Add your commute
LISTING UPDATED: 12/01/2020 10:23 AM

Property Details for 1629 South Van Ness Avenue

StatusSold
MLS #20-613238
Days on Market117
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.19 AC / 8,062 SF
CountyLos Angeles County

Location

Listing Courtesy of Central Realty Advisors Inc, Elijah Korobkin, DRE #01897085

Sold By Central Realty Advisors Inc., Elijah Korobkin, DRE #01897085

Add your commute

Building Information for 1629 South Van Ness Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.19 AC / 8,062 SF

Payment Calculator

$10,784 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$2,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1629 South Van Ness Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $139,692
  • Net Operating Income: $93,093.00
  • Gross Income: $139,692
  • Cap Rate: 5.40%
  • Gross Rent Multiplier: $12.30
  • Total Annual Expense: 46599
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1851
  • Lot Size Square Feet: 8062
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Other
  • Total Parking: 7
  • Parking Features: Garage - Single Door
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other, Washer, Dryer
  • Laundry: Other
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-04-2020
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,385.00
  • Unit Actual Rent: $3,385.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,230.00
  • Unit Actual Rent: $1,230.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,747.00
  • Unit Actual Rent: $1,747.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,563.00
  • Unit Actual Rent: $1,563.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,616.00
  • Unit Actual Rent: $1,616.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $343,278.00
  • Assessed Improvement Percent: 26.53
  • Assessed Land Value: $950,620.00
  • Assessed Land Percent: 73.47
  • Assessed Total Value: $1,293,898.00

Property History for 1629 South Van Ness Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1629 South Van Ness Avenue

Taxable ValueLand$1,366,800Additions$582,400Total$1,949,200
Tax Record2023$24,619 ($2,052 / month)
Home Facts
Total Finished SqFt6,403 SqFtAbove Grade Finished SqFt6,403 SqFtLot Size8,063 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLARD2CountyLOS ANGELESAPN5073-023-021

Schools near 1629 South Van Ness Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Central Realty Advisors Inc, Elijah Korobkin, DRE #01897085

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.