2901 Van Buren Pl Los Angeles, CA 90007
Listing Courtesy of: Combined L.A. Westside (CLAW) / Hancock Park / Hong Chul Park
$2,899,800
18
BED
13
BATH
7,394
SQFT

  2901 Van Buren Pl Los Angeles, CA 90007

Active (41 Days)

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.

MLS #:
22-173905
Lot Size
9,923 SQFT
Type
Multifamily
Year Built
1911
County
Los Angeles County
Bathroom Details
Heating and Cooling
  • None
Basement Information
  • No
Parking
  • Parking Garage: Assigned
Stories
  • 0
Living Area
  • 7,394 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Coldwell Banker Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.