2901 VAN BUREN PL

LOS ANGELES, CA, 90007

$3,626,000

$490 per ft²
$3,626,000
$490 per ft²
Active
Active
 - For Sale
beds
18 Beds
baths
13 Baths
carpenters-square
7,394 ft²
property_type
Multi-family
calendar
Built 1911
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.
MLS® ID:
22-146820
Listed:
4/14/22
Updated:
8/17/22

Interior Features

Total Bedrooms
18
Total Bathrooms
13
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
9,923 ft² lot

Other Property Details

Garage
No
Parking
Assigned
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Zoning
LAR3
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