Los Angeles, CA 90038 954 N Van Ness Avenue
$2,700,000
6 more
Presented By: Soraya Esmaili with Keller Williams Luxury; 818-681-8481
- MLS# SR25099628
- 05/05/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 26
Full/Half Baths • 12 / 2
SQFT • 7,669
Garage • 6
Home Details
Great 12-Unit Building in the Heart of Hollywood consisting of 3 separate buildings located in the Hollywood neighborhood. It is situated just moments away from Santa Monica, Hollywood and Sunset Boulevard. Buildings offer a mix of two and three bedroom units with long-term tenants. The property . with its prime location and the excellent income to expenses ratio, presents an excellent investment opportunity. This property contains 10 units out of the twelve that are NOT rent controlled by the city of Los Angeles, it also have separate electric and gas meters for each unit. This 12 unit buildings offers an exceptional opportunity
Presented By: Soraya Esmaili with Keller Williams Luxury; 818-681-8481
Interior Features for 954 N Van Ness Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 954 N Van Ness Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate8.98
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights
ContingencySeller is in a 1031 Exchange
CountyLos Angeles
DirectionsSanta Monica and Van Ness
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationLiving room
Expected Active Date 2025-05-06
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income268836.0
HOANo
Home Warranty Y/NNo
Insurance Expense6905.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet5771.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
MaintenanceExpense2982.0
MobileHomeRemainsYNNo
Net Operating Income242529.0
New ConstructionNo
Number Of Units Total12
Open Parking Spaces3.0
Operating Expense26307.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot19
Tenant PaysElectricity, Gas
Trash Expense0.0
Water Sewer Expense14460.0
Year Built1924
Year Built SourceAssessor
ZoningLAR3
Exterior for 954 N Van Ness Avenue
Building Area Total7669.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1325
Lot Size Area5771.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking9.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate