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2901 Van Buren Place

Los Angeles (City), CA 90007
  • $3,399,800
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 22155609
$3,399,800
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

Listing Agent(s): Vinnie Park of Coldwell Banker Realty (323-464-9272)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128586060
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2901 Van Buren Place Los Angeles (City), CA 90007

  • Price: $3,399,800
  • Status: Active
  • On Site: 12 Days
  • ID#: 22155609
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1911
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - 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

Parking Features Assigned Parking Total 6

Interior Features

Cooling None Cooling YN No Heating None Heating YN No

Property Features

Association Fee 0 Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 181288 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Vinnie Park of Coldwell Banker Realty (323-464-9272)