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710 N Van Ness Ave 8 Unit Apartment Building $3,400,000 ($425,000/Unit) 4.70% Cap Rate Los Angeles, CA 90038
Executive Summary
Built in 1924, 710 N. Van Ness Avenue is a beautifully maintained Spanish Colonial mixed-use property spanning two structures in the heart of Hollywood. Arched windows, decorative stucco detailing, and a terra cotta tile roofline give the asset genuine architectural character that is increasingly rare in this submarket.
The property is fully occupied and comprises 4 studio units, 4 one-bedroom units, and 4 ground-floor commercial suites —a well-balanced mix that has historically supported consistent, low-turnover occupancy.
The property is fully occupied and comprises 4 studio units, 4 one-bedroom units, and 4 ground-floor commercial suites —a well-balanced mix that has historically supported consistent, low-turnover occupancy.
Property Facts
| Price | $3,400,000 | Building Class | C |
| Price Per Unit | $425,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 7,152 SF |
| Cap Rate | 4.70% | Average Occupancy | 92% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAC4 | ||
| Price | $3,400,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,152 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 550 |
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Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5535-002-002 | Improvements Assessment | $793,985 |
| Land Assessment | $2,296,655 | Total Assessment | $3,090,640 |
Property Taxes
Parcel Number
5535-002-002
Land Assessment
$2,296,655
Improvements Assessment
$793,985
Total Assessment
$3,090,640
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