8216 S Van Ness Avenue, Los Angeles, CA 90047
- $899,995
- List Price
- $899,995
- Status
- ACTIVE
- MLS#
- SR26136429
- Year Built
- 1927
- Lot Size
- 5,807
- Acres
- 0.13
- Lot Location
- 2-5 Units/Acre, Corner Lot, Front Yard, Lot Over 40000 Sqft, Walkstreet, Yard
- Days on Market
- 20
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
BACK ON THE MARKET! 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!
Additional Information
- Other Buildings
- Second Garage
- Appliances
- Dishwasher, Gas Range, Refrigerator
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Drywall, Plaster
- Roof
- Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Storage
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $78,000
- Operating Expense
- 14991
Listing courtesy of Listing Agent: Tiffany L. Wysinger (tiffany.wysinger@gmail.com) from Listing Office: Keller Williams Realty-Studio City.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.