Los Angeles, CA 90019,1526 S Van Ness AVE
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Los Angeles, CA 90019,1526 S Van Ness AVE
Los Angeles, CA 90019,1526 S Van Ness AVE
Los Angeles, CA 90019,1526 S Van Ness AVE
Los Angeles, CA 90019,1526 S Van Ness AVE
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$ 2,099,000
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1526 S Van Ness AVE Los Angeles, CA 90019

8,999 Sqft Lot


OPEN HOUSE

Sat Jan 18, 1:00pm - 4:00pm

UPDATED:

01/14/2025 02:23 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25001162

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1912

Lot Size 8,999 Sqft

Property Description

PERFECTLY LOCATED JUST WEST OF DTLA AND KOREATOWN | FRONT BUILDING REMODELED AT THE END OF LAST YEAR, BACK BUILDING RECENTLY RENOVATED | DELIVERED OPTIONS: 2 UNITS VACANT, 2 UNITS WITH LEASES EXPIRING BEFORE JUNE 30TH | LOW-MAINTENANCE FRONT AND BACK YARD | IMPECCABLY MAINTAINED HOME | CAP RATE: 6.26%
Exceptional Quadplex–A Prime Investment and Living Opportunity, Luxurious interiors, and an unbeatable location. Whether you are seeking a profitable investment or a comfortable home, this property is an ideal choice. Recent renovations have transformed the buildings into a more modern and inviting space, further enhancing their value and appeal. The property is secured with an automated entry gate and consists of two separate buildings, housing a total of four units. Main Building Size, 3,110 sq. ft. (Two-story structure), Five generously sized bedrooms and three bathrooms, The first floor features a beautifully designed family and dining area, complete with an elegant chandelier, custom hardwood finishes, and a cozy fireplace. The recently remodeled kitchen boasts premium materials and finishes, offering an inspiring space for culinary creations. A versatile patio serves as an ideal bonus room or hobby space, while the large basement provides ample storage or multifunctional use. The second floor includes additional bedrooms and a sunlit sunroom, accessible via two staircases (main and kitchen-adjacent). Rear Building, 2,020 sq. ft. (Three units), Comprising one unit with one bedroom and one bathroom, and two units with two bedrooms and one bathroom each, totaling five bedrooms and three bathrooms. All units have been meticulously updated with high-end materials, exuding a sleek and modern atmosphere. Includes a one-car garage, making it perfect for owner-occupants looking to generate additional rental income. Lot Size: 9,001sq. ft and ample parking with one garage and seven designated spaces, expandable to accommodate up to 14 vehicles with tandem parking. The property also includes a low-maintenance landscaped garden. HVAC independent systems for each unit/room. Within walking distance of Pio Pico Middle School and the highly-rated Speakeasy Fitness Center. Conveniently close to the 10 Freeway, providing seamless access to the greater Los Angeles area. The main building and one unit in the rear building are currently vacant, offering immediate opportunities for occupancy or leasing. property. TOURS AVAILABLE AFTER THE OPEN HOUSE ON 1/18/2025.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms Storage, Workshop

Interior

Interior Features Built-in Features, Balcony, Ceiling Fan(s), Ceramic Counters, Crown Molding, Dry Bar, Granite Counters, High Ceilings, Pantry, Storage, Two Story Ceilings, Workshop

Heating Space Heater

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Free-Standing Range, Disposal

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Exterior Feature Lighting

Parking Features Concrete, Driveway, Electric Gate, Garage, RV Gated, One Space

Garage Spaces 1.0

Garage Description 1.0

Fence Wrought Iron

Pool None

Community Features Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories Two

Additional Building Storage, Workshop

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5073003015

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Government Loan

Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Government Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Kyungwan Cho • Western Realty Group • 213-342-1004

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agent

Jana Wise

Agent | License ID: 02138253

+1(323) 239-1973

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1526 S Van Ness AVE