ResidentialIncome — 8216 S Van Ness Avenue, Los Angeles, CA

About this property

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!

Property details

Location

8216 S Van Ness Avenue • Los Angeles, CA 90047

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Listed by

Tiffany L. Wysinger · Keller Williams Realty-Studio City