Sold

$2,750,000

2901 VAN BUREN PL, LOS ANGELES, CA 90007

18 Beds
7,394 Sq.Ft.
Est. payment from /mo Get Pre-Approved

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.
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 ...
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Interior

Appliances
None

Area & Lot

Lot Size
9,923 Sq.Ft.
MLS® ID
22-173905
Type
Residential
Year Built
1911

Exterior & Building

Parking
Assigned
Heat Type
None
Air Conditioning
None

Finance

Reduced Price
Price Upon Request
Zoning
LAR3
2901 VAN BUREN PL

Work With Vinnie

With over a decade of experience in property management, development, interior design, renovation and sales, Vinnie Park has built a solid reputation as a highly trusted, hardworking broker with extensive market knowledge and unmatched devotion to his clients.