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    1125 N Van Ness Ave

    Los Angeles, CA 90038
    • $3,150,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: 20-599344
    UPDATED: 32 min ago
    $3,150,000
    • 14
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,000
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    The property features 8,000 square feet of gross rentable area, situated on a large 7,500-square foot lot. The 12-unit apartment building is composed of 10 one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Additionally, the seller has completed the seismic retrofit work and offers on-site parking and laundry facilities for tenants. Due to the propertys premier location and rental upside, 1125 North Van Ness Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Hollywood.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T18:42:55.05. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107589843
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    1125 N Van Ness Ave Los Angeles, CA 90038

    • Price: $3,150,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 20-599344
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,000
    SQFT
    $394
    $/SQFT
    1957
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    The property features 8,000 square feet of gross rentable area, situated on a large 7,500-square foot lot. The 12-unit apartment building is composed of 10 one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Additionally, the seller has completed the seismic retrofit work and offers on-site parking and laundry facilities for tenants. Due to the propertys premier location and rental upside, 1125 North Van Ness Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Hollywood.
    Exterior Features

    Lot Size Area 7500 Other Structures None Parking Garage Covered ParkingAssigned Total Parking 6

    Interior Features

    Baths Total 12.00 Cooling Window Unit(S) Equipment None Heating Wall

    Property Features

    Assessed Total Value 1216728 Gross Income 211631 Gross Operating Income 205339 Like Units1 10 Like Units2 2 Net Operating Income 114508.00 Number Of Buildings 1 Number Of Units 12 Owner Pays GardenerWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 90832 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Tony Azzi DRE#00910513 of Tony Azzi.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T18:42:55.05. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355