Los Angeles, CA 90028,1827 N Van Ness Ave
Los Angeles, CA 90028,1827 N Van Ness Ave
Los Angeles, CA 90028,1827 N Van Ness Ave
12
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$3,995,000
Est. payment /mo
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24 Beds
24 Baths
14,300 SqFt
Active

1827 N Van Ness Ave Los Angeles, CA 90028

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,300 sqft

Price per Sqft $279

MLS Listing ID 25505787

Bedrooms 24

Year Built 1964

Lot Size 0.310 Acres

Acres 0.3102

Property Sub-Type Multi-Family

Property Description

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 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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Subterranean

Garage Spaces 16.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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agent

Herman Singh

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+1(718) 679-7822

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1827 N Van Ness Ave