Description

We are pleased to present 11210 Van Buren Avenue in Los Angeles. This value-add opportunity offers investors significant upside through rental repositioning and potential ADU development. The property features a unique unit mix consisting of a detached 2-bedroom/1-bathroom front house (1,272 sq ft) and three studio units in the rear structure, with two one-car garages in the alley. The property’s large interior yard area between the two structures presents a compelling opportunity for additional development, with potential to construct up to four ADUs under SB 1211 (buyer to verify). With a cost of land of just $106 per square foot, the site offers attractive redevelopment potential in a supply-constrained rental market. Ideally located with convenient access to the 105 and 110 Freeways, the property sits near major employment hubs including SpaceX and the multi-billion dollar SoFi Stadium and Hollywood Park development in Inglewood. This is an attractive opportunity to acquire a value-add asset at a low land basis with significant upside through future development.