$10,000 Closing Credit¹
#SR25003191, Seung Soo "Eric" Min, Listing Office: Dream Realty & Investments, Inc.
#SB25043892·
Listing Office: Buckingham Investments, Inc·
Listing Agent: Anthony Walker·
Listing Office Phone: 310-561-4776
$1,950,000 List price
1629 S Van Ness Ave Los Angeles, CA 90019
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 1629 S Van Ness Ave
Huge 6 unit property on a large lot in the heart of Mid-City LA, close to everything that LA has to offer, yet on a quiet residential street. The building has an excellent mix consisting of four 2 bedroom units, one 1 bedroom unit, and an enormous 4 bed, 2.5 bath two story owner's unit with a private patio. There are over 6400 square feet of rentable space on an 8000 square foot lot with parking for 6 cars in the rear plus a single car garage and one space in the front. The property is well priced on actual rents at 12.4X GRM plus a healthy 27% upside to income for a market GRM of 9.8X and a 6.2% cap rate. The building was built in 1960 with recent improvements including exterior paint, a commercial water heater, with new floors and windows in the owner's unit. There are also additional upgrades to finishes, appliances, and windows in select units. The LA required soft story retrofit has been completed, and there is a laundry room on the premises for additional income. The units are all separately metered for gas and electric and there is an opportunity to decrease expenses through implementation of RUBS program for water, sewer, and trash. Tenants enjoy close proximity to a huge variety of entertainment and restaurants in some of the city's hottest neighborhoods including Koreatown, Larchmont Village, Miracle Mile, and Downtown LA. Over 80% of households within 5 miles are renters with an average household income of over $87,000 per CoStar. The location offers great access to the city via the 10 freeway just a few blocks away, and two close metro rail stations.
Highlights
Home typeCondominium
HeatingForced Air, Wall Furnace
StatusActive
Lot size0.1851 Acres
Year built1960
ParkingAttached Carport, Garage Faces Front
MLS #SB25043892
Garage1 space
Summary
- MLS Number: SB25043892
- MLS Name: CRMLS
- Office Name: Buckingham Investments, Inc
- Office Phone: (310) 561-4776
- Listing Agent: Anthony Walker
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,950,000
1629 S Van Ness Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 19, 2022 | Home Sold | $1,910,000 |
| Dec 02, 2020 | Home Sold | $1,600,000 |
| Jan 07, 2014 | Home Sold | $1,225,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,988,164 | $25,088 |
| 2023 | $1,949,200 | $24,618 |
| 2022 | $1,633,000 | $20,266 |
| 2021 | $1,601,000 | $19,997 |
| 2020 | $1,373,091 | $16,995 |
| 2019 | $1,346,169 | $16,802 |
| 2018 | $1,319,775 | $16,408 |
| 2017 | $1,293,898 | $16,408 |
History based on county public records data.
Nearby schools
6
Carson - Gore Academy of Enviornmental Studies
Public District KG-5
0.3 mi
•3200 W Washington Blvd
4
City Language Immersion Charter
Public Charter KG-5
0.5 mi
•4001 Venice Blvd
7
Global Education Academy 2
Public Charter KG-5
0.5 mi
•1717 7th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,224. The most common annual income of people living in Los Angeles, CA is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
60%
<35k
31%
35k-100k
6%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
43%
Single, No Kids
21%
Single, with Kids
13%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
40%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1629 S Van Ness Ave
This home is located at 1629 S Van Ness Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $1,950,000.
In February 2025 more than 212 listings in Los Angeles, CA were sold above the asking price. During the same period more than 105 listings were sold at asking price, while more than 280 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between January and February 2025. The median list price of listings available in February 2025 was $989,396, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.