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11137 7 Van Buren Ave, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

11137 7 Van Buren Ave, Los Angeles, California 90044 home-pic-0
ACTIVE$1,050,000
11137 7 Van Buren Ave, Los Angeles, California 90044
0Bed
0Bath
4,032Sqft
9,001Lot
Year Built
1921
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$260
HOA
-
Days on market
-
Sold On
-
MLS number
SB25235758
Home ConditionPoor
Features
Good View:
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(88th), sqft - 4032(91th), beds - undefined(50th), baths - undefined(50th).

Subject property is a 4,032 SF 4plex built in 1921 and situated on a spacious 9,001 SF lot. It can be sold separately or together with a 3plex on the adjacent lot at 11143 Van Buren Ave. The 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $16,671/month and future development opportunities. (Income for 4plex is $9,538/month) ...Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units, All Section 8 Tenants. Total Lot Size: 9,001 sq. ft Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to build ADUs... Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.

Price History

Date
Event
Price
10/15/25
Listing
$1,050,000
Condition Rating
Poor
Built in 1921, this property is over a century old with no indication of recent major renovations. The exterior images show an aged building with visible wear and tear, consistent with deferred maintenance. The property analysis explicitly highlights 'Advanced Property Age' and 'Potential for Deferred Maintenance,' indicating a need for 'significant capital expenditures for system upgrades, deferred maintenance, and modernization.' The complete absence of interior photos, particularly for kitchens and bathrooms, strongly suggests these critical areas are severely outdated and in poor condition, requiring substantial repairs and rehabilitation to meet modern standards.
Pros & Cons

Pros

Strong Cash Flow: The 4-plex generates a substantial current income of $9,538/month, providing immediate and attractive cash flow for investors.
Exceptional Development Potential: Zoned LC R320U* with an unlimited density bonus for affordable housing or ADU construction, offering significant future value appreciation and expansion opportunities.
Prime Los Angeles Location: Strategically located near major freeways, schools, shopping centers, and public transportation in a rapidly growing area, enhancing tenant demand and property value.
Flexible Investment Opportunity: Available for purchase individually as a 4-plex or as part of a larger 7-unit portfolio, catering to various investor strategies and portfolio sizes.
Desirable Unit Mix: Comprising all 2-bedroom, 1-bathroom units, which are highly sought after, particularly by Section 8 tenants, ensuring consistent occupancy and rental demand.

Cons

Advanced Property Age: Built in 1921, the property is over a century old, likely requiring significant capital expenditures for system upgrades, deferred maintenance, and modernization.
Section 8 Tenant Management: While providing stable income, managing Section 8 tenants can involve specific regulatory compliance, potentially higher administrative overhead, and unique tenant relations challenges.
Potential for Deferred Maintenance: The property's age, coupled with no explicit mention of recent renovations, suggests a likelihood of dated interiors and systems that may require substantial investment to bring up to modern standards and maximize rental potential.

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