Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

1,564 sqft

Lot size

4,515 sqft

Year built

1923

Stories

1

Garage spaces

1

Style

Bungalow

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

20

MLS #

244183640

About this property

LIVE IN AND COLLECT RENT in this lovely renovated duplex on one side, tenant occupied on other side and an empty permitted ADU for added income. Positioned on a desirable corner lot and screened by mature privacy hedges, 5175 S. Van Ness Avenue presents a unique investment and owner-user opportunity in the heart of South Los Angeles. This well-maintained DUPLEX consists of two 1-bedroom, 1-bath residences conversion, offering flexibility for rental income, multi-generational living, or a live-in-one, rent-the-others scenario. The property makes an immediate impression with its attractive curb appeal, gated entry, expansive concrete courtyard, and lush perimeter landscaping that creates a private and inviting outdoor environment rarely found in multifamily properties of this size. The front residence has been thoughtfully updated and showcases a modern open-concept design with wide-plank flooring, recessed lighting, dual-pane windows, and a beautifully remodeled kitchen featuring white shaker cabinetry, quartz-style countertops, subway tile backsplash, stainless steel appliances, and a functional center island. The renovated bathroom has been tastefully upgraded with contemporary finishes, creating a turnkey living experience. The spacious layout is enhanced by abundant natural light, generous living areas, and ample storage, including a large walk-in closet. The second 1-bedroom, 1-bath unit offers comfortable accommodations and presents an opportunity for future value enhancement. Situated on a prominent corner parcel, the property benefits from multiple access points, enhanced privacy, and excellent separation between living spaces. The ADU is a single car conversion with heat and a/c, never lived in and ready to rent to a lucky tenant or use as alternate/additional living space for guests or office space. The outdoor courtyard provides a welcoming setting for entertaining, relaxing, or enjoying Southern California's year-round climate. Conveniently located near major transportation corridors, employment centers, schools, parks, shopping, dining, SoFi Stadium, Intuit Dome, Downtown Los Angeles, and USC, this property combines location, flexibility, and income potential in one attractive package. Whether you're an investor seeking strong rental opportunities or an owner-user looking to offset your mortgage with supplemental income, 5175 S. Van Ness Avenue offers a rare combination of character, privacy, and versatility on a beautifully maintained corner lot.

Location

5175 S Van Ness Avenue

Los Angeles, Los Angeles, CA, 90062