ACRE Investment Real Estate Services is proud to present La Vana Apartments in Banker's Hill, a charming
1929 built (21) unit apartment complex located just 2 blocks South of Laurel St and 2 blocks West of Balboa
Park. La Vana residents love the walk ability (walk score of 91), downtown & bay views, convenient building
amenities, card reader security access, tall ceilings, vintage hardwood floors, large closets / powder rooms,
storage lockers, and the comfort of larger than average urban units. The unit mix is comprised of 18 -
spacious Studios and 3- 1 Bed/1 Bath units, all of which boast hardwood floors, 20's design archways, high
ceilings, large kitchens, walk in closets, powder rooms, individual hot water heaters, & convenient storage
lockers located in the basement. Current ownership has remodeled 6 of the Studios which boast new
kitchens and finishes, and as such demand higher rents. The remaining 15 units have the same upside
potential. The property is 3-stories with an owner owned Laundry facility on each level for tenant
convenience. Large windows throughout the units and common areas allow for abundant unit & common
area lighting. The property has secured entry on 4th Avenue with a rear patio area perfect for a BBQ, a
common area garden or special events. Trash service is easily accessed through a corridor in the rear,
which leads on to Juniper Street.
The subject property has undergone remodels on the aforementioned 6 units and repairs and updates as
necessary throughout; including a completely new exterior paint job, card reader entry system, new
common area lighting & flooring, and new dual pane windows throughout. This asset is an ideal
opportunity for the prudent investor who seeks an extremely desirable location poised for continued
growth and appreciation.
