954 N Van Ness Ave, Los Angeles, CA 90038
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954 N Van Ness Ave Los Angeles, CA 90038

$2,795,000
  • 26 Beds
  • 6 Baths
  • 7,669 Sq.Ft.
For Sale
$2,795,000 Get Pre-Qualified

Map preview of 954 N Van Ness Ave, Los Angeles, CA 90038

Property Overview: 954 N Van Ness Ave Los Angeles, CA has 26 bedrooms, 6 bathrooms, 7,669 living square feet and 10,166 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Alex Mehdiani | BRE #01925512 | California Prime Realty, Inc.
Last checked: 6 minutes ago | Last updated: September 14th, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
10,166
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SR24190001
City
Los Angeles
County
Los Angeles
Time on Site
7 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 3
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,723
  • Total Rent: $1,723
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,023
  • Total Rent: $2,023
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,899
  • Total Rent: $1,899
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,899
  • Total Rent: $1,899
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,899
  • Total Rent: $1,899
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,899
  • Total Rent: $1,899
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,604
  • Total Rent: $1,604
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,577
  • Total Rent: $1,577
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,899
  • Total Rent: $1,899
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,490
  • Total Rent: $1,490
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $257,484
  • Net Operating Income: $182,484
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $75,000
  • Electric: $1,960
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $6,000
  • Professional Management: $14,990
  • Water/Sewer: $10,000

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Property Details for 954 N Van Ness Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 5536015018
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: santa monica and van ness
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 954 N Van Ness Ave

Last sold for $1,340,000 on July 22nd, 2016
  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: SR24190001

    $2,795,000

    Price

  • July, 2016

  • Jul 22, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,340,000

    Price

  • November, 2002

  • Nov 26, 2002

    Date

    Sold (Public Records)

    Public Records

    $774,500

    Price

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Tax History for 954 N Van Ness Ave

Assessed Value (2020): $483,797
Year Land Value Improved Value Assessed Value
2020 $318,134 $165,663 $483,797

Home Value Compared to the Market

This property vs the competition

954 N Van Ness Ave is listed 132.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $364.45 per/sqft which puts the price per square foot 52.55% lower than the median price per square foot for the city of Los Angeles.

About 954 N Van Ness Ave

Detailed summary of property

954 N Van Ness Ave is a mixed use located in Los Angeles, CA 90038 and is currently for sale. This mixed use property offers 26 bedrooms, 6 bathrooms, roughly 7,669 living square feet, and sits on an approximately 10,166 square foot lot. 954 N Van Ness Ave was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $2,795,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 132.92% higher than the median priced home. Local competing homes currently for sale include 312 N Mathews St, 3745 Ocean View Ave and 12320 Ridge Circle. While the average home in Los Angeles, CA is selling in 106 days, 954 N Van Ness Ave has a days on market of 7 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 954 N Van Ness Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 954 N Van Ness Ave

Public county record property details
Beds
6
Baths
2
Year built
1924
Sq. Ft.
2,542
Lot Size
5,789
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5536-015-018

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$666
Median Sold Price
$1,089,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
47
Median Sale to List Price %
90.83%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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Related Resources to 954 N Van Ness Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.