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    1322 S Van Ness Los Angeles, CA 90019

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    Claim this Listing
    For Sale
    Under Contract
    $1,300,000

    Craftsman, Quadruplex - Los Angeles, CA

    Type:Quadruplex
    Property size:
    3,098 SF
    Lot size:
    7,202.00 Acres
    Price / SF:
    $419/SF
    Added:
    Jan 6, 2026
    Days on Market:
    117
    Last Refresh:
    May 3 at 2:06 am

    Property Features for 1322 S Van Ness

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Parking
    11
    Parking features
    Assigned, Carport, Covered, Driveway
    Interior features
    Quartz Counters, Tile Counters, None, Carbon Monoxide Detector(s)
    Exterior features
    Fence, Community Features Included: Dog Park, Street Lights, Sidewalks, Park, Lot 6500-9999, Front Yard, Garden
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Range - Gas, Washer
    Standard status
    Active Under Contract
    APN
    5073002016
    Size
    3,098 SF
    Lot size
    7,202.00 Acres

    Utilities

    Heating system
    Space Heater
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Tile
    Building materials
    Stucco
    Roof type
    Asphalt
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Elvia Luna
    Elvia Luna

    Listing agent Elvia Luna License #01946715

    Listing office Beverly and Company, Inc. 15301 Ventura Blvd., SHERMAN OAKS, CA

    Listing date Jan 6, 2026

    MLS# SR26002036 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Fourplex Investment Opportunity

    Located in Angelus Vista, between Koreatown and Arlington Heights, this four-unit property presents an investment opportunity. The secured fourplex contains four units, each featuring one bedroom and one bathroom. The property is situated on a 7,202 sq. ft. lot with a building size of over 3098 sq. ft. The zoning is LR3, offering future development potential, while SB1211 allows for the development of up to four detached ADUs by right (Buyer to verify). The property includes a 3-covered carport and ample parking at the rear and front. A 250sqft basement is available for owner use. Each unit is separately metered for gas and electricity. The property is located within 3 miles of USC and a 15-minute drive to Koreatown, Hollywood, DTLA, and BMW Stadium, with easy access to freeways. Three units will be delivered vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Soccer Field Sports Field & Court Hollywood soccer Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3156243
    Latitude
    34.095368

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Angelus Vista with development potential.
    Where is this quadplex located?
    The property is located at 1322 S Van Ness Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Four‑unit property in a desirable location between Koreatown and Arlington Heights.; Significant development potential with LR3 zoning and SB1211 allowing for up to four detached ADUs (buyer to verify).; **Three units delivered vacant, offering immediate income potential or owner‑occupancy options.**
    (323) 379-8888
    We can help!
    Listing Contact
    Elvia Luna
    Elvia Luna
    Real Estate License ID: 01946715
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1322 S Van Ness, Los Angeles, CA 90019

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