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3973 S Van Ness Ave 2 Unit Apartment Building $1,059,165 CAD ($529,583 CAD/Unit) 3.25% Cap Rate Los Angeles, CA 90062
Investment Highlights
- Leimert Park Duplex
Executive Summary
Charming Craftsman-style duplex bungalow located in the highly desirable Leimert Park area of Los Angeles. This side-by-side duplex offers an excellent opportunity for both investors and owner-users. Each spacious unit features 2 bedrooms and 1 bath with approximately 928 sq. ft. of living space, open floor plans, original built-in cabinetry, linen closets, and a blend of tile and bamboo flooring throughout. Each unit also includes convenient side and rear exits for added privacy and functionality. The property features a detached two-car garage, a long driveway with ample parking potential, and a separate storage shed. Centrally located near shopping, dining, transportation, and major Los Angeles attractions, this character-filled income property offers strong upside potential in one of LA's most sought-after neighborhoods. Buyer to cooperate with Seller's 1031 Exchange at no additional cost or liability to Buyer.
Property Facts
| Price | $1,059,165 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $529,583 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.25% | Building Size | 1,856 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.16/1,000 SF |
| Zoning | LAR1 - One-Family Residential | ||
| Price | $1,059,165 CAD |
| Price Per Unit | $529,583 CAD |
| Sale Type | Investment |
| Cap Rate | 3.25% |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,856 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1923/2020 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | LAR1 - One-Family Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Freezer
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,100 CAD | 928 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5035-004-020 | Improvements Assessment | $44,558 CAD |
| Land Assessment | $312,005 CAD | Total Assessment | $356,564 CAD |
Property Taxes
Parcel Number
5035-004-020
Land Assessment
$312,005 CAD
Improvements Assessment
$44,558 CAD
Total Assessment
$356,564 CAD
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3973 S Van Ness Ave
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