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$ 3,995,000
Est. payment | /mo
24 Beds
24 Baths
14,300 SqFt
$ 3,995,000
Est. payment | /mo
24 Beds
24 Baths
14,300 SqFt
Key Details
Property 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
HOA Y/N No
Year Built 1964
Lot Size 0.310 Acres
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 C20 - Hollywood
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Underground
Total Parking Spaces 16
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5586029029
Special Listing Condition Standard
Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.
Karen Iwakoshi
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com