$1,535,000
1807 N Van Ness Ave is a compelling investor opportunity situated on a flat 8,252 sq ft LARD1.5-zoned lot with multiple value-add and redevelopment pathways. Set behind mature landscaping, this Craftsman-style property offers 2,910 sq ft of existing improvements featuring 7 bedrooms and 4 bathrooms, providing substantial in-place square footage to renovate, reconfigure, or reposition. The expansive lot includes a garage and separate rec room, presenting additional income potential, flexible-use space, or future conversion possibilities (buyer to verify). Property is tenant occupied and will be delivered vacant, allowing immediate execution of investment strategy. There are proposed plans for a well-configured multifamily asset featuring four buildings totaling 12,281 SF, comprising two duplexes, one single-family residence, and two detached ADUs for a combined seven residential units. The proposed project offers a strong unit mix of 19 bedrooms and 17 bathrooms, including four spacious 3- bed/3-bath units, one 3-bed/2.5-bath SFR, and two 2-bed/1-bath ADUs. The thoughtful layout and modern unit sizes position the asset for consistent cash flow and long-term value appreciation.
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Listed by Yohann Bensimon with Keller Williams Hollywood Hills (310) 623-1300
Property Type
Single Family Residence
Status
Active
MLS Number
26647571
Year Built
1911
Lot Size
8,250 sq ft