Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
$3,995,000
1827 N Van Ness Ave, a 16 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1964, the property consists of (8) one-bedroom + one-bathroom units and (8) two-bedroom + two-bathroom units. The building is 14,300 gross square feet and sits… Read More on a 13,509 square foot lot.1827 N Van Ness Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame.Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1827 N Van Ness Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.29% with the ability to improve to a7.22% CAP rate once units turnover. Read Less
Listing Snapshot
Days Online
246
Last Updated
Property Type
Other
Beds
24
Square Ft.
14,300
Lot Size
0.31 Acres
Year Built
1964
MLS Number
25505787
30 Days Snapshot Of 90028
$1.18M
+65%
(avg) sold price
2
-60%
homes sold
117
+19%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1964, Building area total: 14,300, Levels: MultiSplit, Living area: 14300, 1 building
Cooling
None
Heating
None
Income
Gross income: $341,292, Net operating income: $211,509
Lot
0.3102 acres, 13,513 square feet, Size: 13,513
Parking
16 totals parking, Underground
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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