1322 Van Ness Street, Los Angeles, CA 90019

Property Description

!! GREAT INVESTMENT OPPORTUNITY !! Exceptional 4-unit investment opportunity in Angelus Vista, situated between Koreatown and Arlington Heights. This very well-maintained, fully fenced, secured fourplex and ready to be leased!! Each of the spacious four units features 1 bedroom and 1 bathroom, perfect for attracting tenants or making it your own investment dream. The property sits on a large 7,202 sq. ft. lot with a building size of over 3098 sq. ft., zoned LR3, offering future development potential, while SB1211 allows for the development of up to two detached ADUs by right buyer CAN BUILD 2 more units, each 2+1. Additional highlights include a 3-covered carport, that you can rent, ample parking is available at the rear and front of the property, ensuring convenience for all, a 250sqft basement for owner to use, every unit is separately metered gas and electricity. Located in a highly desirable neighborhood it’s within 3 miles to USC, 15-minute drive to Koreatown, Hollywood, DTLA, BMO Stadium, easy access to freeways. This is a rare opportunity to add to your portfolio and own an income-generating property in one of LA’s most sought-after areas. Three units will be delivered vacant. Live in one and rent the others!