965 S Vancouver Ave, Los Angeles, CA 90022
Image 2 for 965 S Vancouver Ave, Los Angeles, CA 90022
Image 3 for 965 S Vancouver Ave, Los Angeles, CA 90022
View Photos

965 S Vancouver Ave Los Angeles, CA 90022

$2,300,000
  • 7 Beds
  • 7 Baths
  • 3,780 Sq.Ft.
For Sale
$2,300,000 Get Pre-Qualified

Map preview of 965 S Vancouver Ave, Los Angeles, CA 90022

Property Overview: 965 S Vancouver Ave Los Angeles, CA has 7 bedrooms, 7 bathrooms, 3,780 living square feet and 11,410 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present 959 & 965 S Vancouver Ave, a turn-key investment opportunity nestled in the heart of East Los Angeles. This asset boasts the epitome of modern living with units that have been fully renovated to exquisite standards and leased at market rents. Comprising seven (7) bungalow-style one-bedroom units, this property spans across two parcels totaling an expansive lot of 11,410 sq/ft, providing ample space and privacy for residents. The property also includes seven garages, presenting significant upside potential for conversion into additional dwelling units (ADUs). Whether utilized for parking or storage, these garages offer versatility and income-generating opportunities. Meticulously transformed by the current owners, no expense has been spared in enhancing this asset. From a revamped exterior and lavish interior renovations adorned with high-end finishes to extensive landscaping work and structural improvements, every aspect of the property exudes sophistication and quality. All residential structures have had brand new roofs and upgraded foundations. Conveniently located just a block away from Whittier Blvd, a bustling thoroughfare connecting East Los Angeles, Montebello, and Whittier, this property offers exceptional accessibility. Residents enjoy seamless access to the 5/60/710 freeways and the Metro Gold Line's Atlantic Station, facilitating effortless commuting options. Additionally, the property's proximity to the renowned Citadel Outlets further enhances its desirability among tenants and investors alike. This property offers an investor the rare chance to acquire a stable asset that generates exceptional cash flow from day one. With its fully leased units and potential for additional income streams through ADUs, this investment promises sustained profitability. Moreover, the expansive land presents opportunities for future development, further enhancing the property's value proposition.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Last checked: 30 seconds ago | Last updated: June 11th, 2024 | Source CRMLS | DOM: 15
Get a $6,900 Cash Reward New

Buy this home with Ardent Real Estate Group and get $6,900 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
11,410
HOA Dues
$0/mo
Year built
1928
Garage
7 Car
Property Type:
Multi Family
Status
Active
MLS#
24399357
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,664
  • Total Rent: $1,664
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.01%
  • Gross Rent Multiplier: 12.94
  • Gross Scheduled Income: --
  • Net Operating Income: $138,291
  • Gross Operating Income: $184,558
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 965 S Vancouver Ave

No upcoming open houses

Schedule Tour
Loading...

Property Details for 965 S Vancouver Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5245003026
  • Architectural Style: Bungalow
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From US-101 S, merge onto CA-60 E and exit onto Atlantic Blvd. Head South on Atlantic Blvd then make a right onto Whittier Blvd. Turn left onto S Vancouver and the property will be on your right side on the corner of Vancouver & Verona.
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 965 S Vancouver Ave

Last sold on April 3rd, 2008
  • June, 2024

  • Jun 3, 2024

    Date

    Active

    CRMLS: 24399357

    $2,300,000

    Price

  • April, 2008

  • Apr 3, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 965 S Vancouver Ave

Assessed Value (2020): $54,194
Year Land Value Improved Value Assessed Value
2020 $25,751 $28,443 $54,194

Home Value Compared to the Market

This property vs the competition

965 S Vancouver Ave is listed 84% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $608.47 per/sqft which puts the price per square foot 21.99% lower than the median price per square foot for the city of Los Angeles.

About 965 S Vancouver Ave

Detailed summary of property

965 S Vancouver Ave is a multi family located in Los Angeles, CA 90022 and is currently for sale. This multi family property offers 7 bedrooms, 7 bathrooms, roughly 3,780 living square feet, and sits on an approximately 11,410 square foot lot. 965 S Vancouver Ave was first listed on ArdentRealEstateGroup.com on June 3, 2024. The homeowner is currently asking $2,300,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 84% higher than the median priced home. Local competing homes currently for sale include 5243 Huntington Dr, 4516 Griffin Ave and 5706 Pioneer Blvd. While the average home in Los Angeles, CA is selling in 98 days, 965 S Vancouver Ave has a days on market of 15 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 965 S Vancouver Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 965 S Vancouver Ave

Public county record property details
Beds
5
Baths
5
Year built
1928
Sq. Ft.
2,700
Lot Size
6,384
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
74
APN
5245-003-026

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$669,000
Median List Price/Sq.Ft.
$626
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$635
Total Inventory
21
Median Sale to List Price %
104.65%
Avg Days on Market
25
Loan Type
Conventional (14.29%), FHA (57.14%), VA (0%), Cash (14.29%), Other (14.29%)

Tour This Home


Buy with Ardent Real Estate Group and save $6,900.

Image Description
Contact Jon
Los Angeles Agent

Call, Text or Message
Get a $6,900 Cash Reward New

Buy this home with Ardent Real Estate Group and get $6,900 back.

Call/Text (714) 706-1823

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.