CA > Los Angeles
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
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,995,000
Est. payment /mo
24 Beds
24 Baths
14,300 SqFt
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UPDATED:

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

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California Regional MLS (CRMLS)
Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.

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