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2901 Van Buren Pl, Los Angeles, CA 90007
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2901 Van Buren Pl Los Angeles, CA 90007

$2,750,000 Sold Price as of 10/19/2022
  • 23 Beds
  • 19 Baths
  • 7,394 Sq.Ft.
Sold
$2,750,000 Sold Price as of 10/19/2022 Refinance Your Mortgage
Map preview of 2901 Van Buren Pl, Los Angeles, CA 90007

Property Overview: 2901 Van Buren Pl Los Angeles, CA has 23 bedrooms, 19 bathrooms, 7,394 living square feet and 9,923 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 5% CURRENT CAP RATE, DPS PATROL ZONE 8 UNIT APARTMENT COMES WITH 50% VACANCY ON 9,923 SF CORNER LOT. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus.The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (1) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. Currently there are total of non-conforming 18 bedrooms and 13 bathrooms on the property. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.

Listed by Vinnie Park | BRE #02015848 | Coldwell Banker Realty
Last checked: 12 minutes ago | Last updated: October 21st, 2022 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
9,923
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22173905
City
Los Angeles
County
Los Angeles
Time on Site
811 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $5,500
  • Total Rent: $5,500
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $449
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $464
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $465
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $449
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $450
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.48
  • Gross Scheduled Income: --
  • Net Operating Income: $181,288
  • Gross Operating Income: $250,362
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2901 Van Buren Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5054013021
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of Vermont Ave, South of Adams Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2901 Van Buren Pl

Last sold for $2,750,000 on October 19th, 2022

  • October, 2022

  • Oct 19, 2022

    Date

    Sold

    CRMLS: 22173905

    $2,750,000

    Price

  • Jun 30, 2022

    Date

    Active

    CRMLS: 22173905

    $2,899,800

    Price

  • June, 2022

  • Jun 30, 2022

    Date

    Canceled

    CRMLS: 22170890

    $3,099,800

    Price

  • Jun 21, 2022

    Date

    Active

    CRMLS: 22170890

    $3,099,800

    Price

  • Listing provided courtesy of CRMLS

  • June, 2022

  • Jun 21, 2022

    Date

    Canceled

    CRMLS: 22155609

    $3,399,800

    Price

  • May 11, 2022

    Date

    Active

    CRMLS: 22155609

    $3,399,800

    Price

  • Listing provided courtesy of CRMLS

  • May, 2022

  • May 11, 2022

    Date

    Canceled

    CRMLS: 22146820

    $3,626,000

    Price

  • Apr 15, 2022

    Date

    Active

    CRMLS: 22146820

    $3,626,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2022

  • Apr 16, 2022

    Date

    Canceled

    CRMLS: 22140663

    $2,899,800

    Price

  • Mar 28, 2022

    Date

    Active

    CRMLS: 22140663

    $2,899,800

    Price

  • Listing provided courtesy of CRMLS

    6% CURRENT CAP RATE, DPS PATROL ZONE 8 UNIT APARTMENT COMES WITH 50% VACANCY ON 9,923 SF CORNER LOT. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus.The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (1) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. Currently there are total of non-conforming 18 bedrooms and 13 bathrooms on the property. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.

  • March, 2022

  • Mar 28, 2022

    Date

    Canceled

    CRMLS: 22128547

    $3,099,900

    Price

  • Feb 16, 2022

    Date

    Active

    CRMLS: 22128547

    $3,099,900

    Price

  • Listing provided courtesy of CRMLS

    4.5.1% CURRENT CAP RATE, DPS PATROL ZONE 8 UNIT APARTMENT COMES WITH 50% VACANCY ON 9,923 SF CORNER LOT. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus.The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (1) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. Currently there are total of non-conforming 18 bedrooms and 13 bathrooms on the property. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.

  • February, 2022

  • Feb 17, 2022

    Date

    Canceled

    CRMLS: 22121134

    $3,099,900

    Price

  • Jan 24, 2022

    Date

    Active

    CRMLS: 22121134

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    5.1% CURRENT CAP RATE, DPS PATROL ZONE 8 UNIT APARTMENT COMES WITH 50% VACANCY ON 9,923 SF CORNER LOT. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus.The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (2) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.

  • July, 2020

  • Jul 21, 2020

    Date

    Expired

    CRMLS: PW20025792

    $2,050,000

    Price

  • May 1, 2020

    Date

    Withdrawn

    CRMLS: PW20025792

    $2,050,000

    Price

  • Mar 24, 2020

    Date

    Price Change

    CRMLS: PW20025792

    $2,050,000

    Price

  • Feb 5, 2020

    Date

    Active

    CRMLS: PW20025792

    $2,275,000

    Price

  • Listing provided courtesy of CRMLS

    Marcus and Millichap is pleased to present the 8-unit multi-family/student housing opportunity in the coveted 90007 zip code of Los Angeles, CA. The property consists of two fourplexes on one lot. The front structure consists of 5,15 4sqft of total rentable square footage & contains a 5 Bed/5 Bath unit & 5 Bed/4 Bath unit that are fully renovated & will be delivered vacant, a large 1 bed unit that will be delivered vacant that is large enough to convert to a 3 bed/3 bath unit (buyer to verify) & a large 1 bed unit that will be delivered occupied. The rear building contains four 525 sqft studios, delivered occupied. There is over 1000 sqft of garage & storage space in the rear of the property as well with significant income-generating potential.

  • November, 2018

  • Nov 14, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • August, 2013

  • Aug 6, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2901 Van Buren Pl

Assessed Value (2020): $1,428,000
Year Land Value Improved Value Assessed Value
2020 $856,800 $571,200 $1,428,000

Home Value Compared to the Market

This property vs the competition

2901 Van Buren Pl sold on October 19, 2022 for 158.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $392.18 per/sqft which puts the price per square foot 45.83% lower than the current median sale per square foot for the city of Los Angeles.

About 2901 Van Buren Pl

Detailed summary of property

2901 Van Buren Pl is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 23 bedrooms, 19 bathrooms, roughly 7,394 living square feet, and sits on an approximately 9,923 square foot lot. 2901 Van Buren Pl was first listed on ArdentRealEstateGroup.com on June 30, 2022. The homeowner sold the property for $2,750,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 158.91% higher than the current median priced home. Local homes that are currently for sale include 1139 S Kingsley Dr, 1415 S St Andrews Pl and 1532 S Wilton Pl. While the average home in Los Angeles, CA is selling in 106 days, 2901 Van Buren Pl has a days on market of 71 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2901 Van Buren Pl Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2901 Van Buren Pl

Public county record property details
Beds
8
Baths
8
Year built
1911
Sq. Ft.
7,394
Lot Size
9,923
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5054-013-021

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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