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1163 N Van Ness Avenue

Los Angeles (City), CA 90038
  • $2,250,000
  • STATUS: Active
  • ON SITE: 465 Days
  • ID#: 22127239
UPDATED: 38 min ago
$2,250,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,992
    SQFT
  • $451
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Bruce Jay of Bruce Jay Associates (323-660-3600)


Description

POTENTIAL 6% CAP WITHOUT CONSTRUCTION! Developers Dream! PLUS Buy & Hold Investment Opportunities, WITH INCOME, for these Offerings! AND these Offerings are Truly LOW-PRICED! CHOICE CORNER DOUBLE LOT OFFERINGS in a Family Area Near Schools & Shopping & Transportation! TWO PARCELS to be sold together, both on the Market: This Property (1163 North Van Ness Ave. 90038) PLUS the Next Door Property (5807 Virginia Ave.90038 - Check the MLS)!! Both For Sale - Both On The Market and Both Properties must close Escrow at the same time. These properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Total Lot Footage approximately 15,000 SF! CHECK WITH THE CITY as the Zoning is R3-T2 for both lots. THREE UNITS ARE VACANT, which makes this Investment Even Better! And this is a great Future Investment as well. Buy Now - Build Later! Should you decide not to Build at this time, in the interim, you will have the opportunity of Top Rental Rates for the 3 Vacant Units! And There's More: This is potentially considered a Perfect Investment to park your Exchange Trade Funds for possible Extreme Future Benefits! Please note that unit income calculations herein are based upon projected income estimations. Email any additional questions or thoughts to Agent, thank you!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-29T10:24:59.407. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
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1163 N Van Ness Avenue Los Angeles (City), CA 90038

  • Price: $2,250,000
  • Status: Active
  • On Site: 465 Days
  • Updated: 38 min ago
  • ID#: 22127239
8
Beds
0
Baths
0
½ Baths
0.17
Acres
4,992
SQFT
$451
$/SQFT
1962
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
POTENTIAL 6% CAP WITHOUT CONSTRUCTION! Developers Dream! PLUS Buy & Hold Investment Opportunities, WITH INCOME, for these Offerings! AND these Offerings are Truly LOW-PRICED! CHOICE CORNER DOUBLE LOT OFFERINGS in a Family Area Near Schools & Shopping & Transportation! TWO PARCELS to be sold together, both on the Market: This Property (1163 North Van Ness Ave. 90038) PLUS the Next Door Property (5807 Virginia Ave.90038 - Check the MLS)!! Both For Sale - Both On The Market and Both Properties must close Escrow at the same time. These properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Total Lot Footage approximately 15,000 SF! CHECK WITH THE CITY as the Zoning is R3-T2 for both lots. THREE UNITS ARE VACANT, which makes this Investment Even Better! And this is a great Future Investment as well. Buy Now - Build Later! Should you decide not to Build at this time, in the interim, you will have the opportunity of Top Rental Rates for the 3 Vacant Units! And There's More: This is potentially considered a Perfect Investment to park your Exchange Trade Funds for possible Extreme Future Benefits! Please note that unit income calculations herein are based upon projected income estimations. Email any additional questions or thoughts to Agent, thank you!
Exterior Features

Architectural Style Contemporary Attached Garage YN No Direction Faces East Lot Features Corners Marked Parking Total 6 View YN Yes

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Cap Rate 6 Gross Income 170400 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 137400 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-29T10:24:59.407. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Bruce Jay of Bruce Jay Associates (323-660-3600)