954 N Van Ness Avenue
Los Angeles, CA 90038
0.23 acres | #SR24190001
Description
Charming 12-Unit Building in the Heart of Hollywood consisting of 3 separate buildings and parcels. Discover the perfect blend of comfort and style with this charming 12-unit building nestled in the vibrant Hollywood neighborhood. This well-maintained property offers a unique opportunity for modern living in one of Los Angeles' most iconic areas. It's situated just moments away from Santa Monica, Hollywood and Sunset Boulevard, you’ll have easy access to a plethora of world-renowned entertainment, dining, and shopping options. The building is designed to cater to a range of lifestyles, offering a mix of two and three bedroom units that attract strong long-term tenants. The property boasts a welcoming community environment with a nicely maintained exterior and well-lit common areas ensure a safe and pleasant living experience for all residents.
With its prime location, desirable features and the excellent income to expenses ratio, this building presents an excellent investment opportunity, especially with Hollywood’s dynamic real estate market that promises strong rental demand and potential for future appreciation. 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.
Whether you're seeking a consistent income or an investment for appreciation, this 12-unit building offers an exceptional opportunity to be part of Hollywood's thriving community. Come experience the blend of comfort, style, and convenience that this income-producing property has to offer!
Property Details
- Lot DescriptionItem01UnitAcre
- Stories2
Measurements
- Acres0.2334
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1924
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,795,000
Other
- MLS #SR24190001
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alex Mehdiani (#SR207059704)
Listing Office: California Prime Realty, Inc. (#SR0077100)
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