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1862 N Van Ness Ave
Los Angeles, CA 90028
Multifamily Property For Sale
·
6 Units
Investment Highlights
- A 6-unit investment opportunity with strong cashflow at a 4.80% on current income and located in an irreplaceable location of Hollywood
- Built in 1921 features a mix of one-bedrooms and two-bedrooms; the units are spacious with the feel of a home residence
- Ease of management as gas & electric are separately metered as well as individual water heaters; central air and ceiling fans in select units
- An opportunity to purchase an asset with 4 of 6 units occupied; pro forma rents can be achieved in the neighborhood when the units turn
- Ample parking onsite with three garage spaces and four open spaces at the rear of the buildings with no soft story retrofit work required
- Amazing walk score of 86, walking distance to the heart of Hollywood with countless nighttime entertainment and dining options
Property Facts
| No. Units | 6 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 7,160 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 0.8/1,000 SF |
| Zoning | RD1.5-1XL | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,160 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | RD1.5-1XL |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,085 | - |
| 2+1 | 2 | $2,267 | - |
Property Taxes
| Parcel Number | 5586-031-023 | Improvements Assessment | $689,785 |
| Land Assessment | $1,591,812 | Total Assessment | $2,281,597 |
Property Taxes
Parcel Number
5586-031-023
Land Assessment
$1,591,812
Improvements Assessment
$689,785
Total Assessment
$2,281,597
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