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1827 N Van Ness Ave, a 16 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1964, the property consists of (8) one-bedroom + one-bathroom units and (8) two-bedroom + two-bathroom units. The building is 14,300 gross square feet and sits on a 13,509 square foot lot.1827 N Van Ness Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame.Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1827 N Van Ness Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.29% with the ability to improve to a7.22% CAP rate once units turnover.
Property Type(s):
Residential Income
| Last Updated | 3/3/2025 | Year Built | 1964 |
|---|---|---|---|
| Community | Hollywood | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Hollywood |
| GARAGE | Underground |
| HEAT | None |
| LOT | 0.31 acre(s) |
| PARKING | Underground |
| ZONING | LARD1.5 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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