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
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
122
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
$947k
+8%
(avg) sold price
4
+33%
homes sold
80
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
14,300 sq ft, Built in 1964, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
Subterranean
Heating
None
Lot
LotAcreage: 0.3102, LotSizeArea: 13,513
Parking
TotalParking: 16
Property
NumberOfUnits: 16, Zoning: LARD1.5
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