726 N VAN NESS AVE Los Angeles, CA $ 4,700,000
726 N VAN NESS AVE
$ 4,700,000
Recently Listed

726 N VAN NESS AVE Los Angeles, CA, 90038

$ 4,700,000
Bedrooms 3 Baths0.0 Sq 9,508

Monthly Estimate*

$ 18,784

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Multi-Family Home for sale in Los Angeles, CA

for $4,700,000 with 3 bedrooms. This 9,508 square foot home was built in 1928.

The Van Ness apartments is a 20-unit apartment building constructed in the 1920's. The two-story structure is situated steps from Melrose Avenue and across the street from Paramount Studios. The owner is currently operating some of the units as furnished short-term rentals and approximately ten units can be delivered vacant at the close of escrow. Most of the units feature original wood flooring, arched doorways, build in cabinetry, ceiling fans, exposed brick walls and remodeled kitchens and bathrooms. The building is individually metered for electricity and features a patio area in the rear of the property. The property is considered a substantial value-added opportunity as it is ready for a light cosmetic upgrade of the common areas which will assist in achieving high lease rates for vacancies. In addition, the other units have lease rates lower then market which will provide excellent upside to a new owner.

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Multi-Family Active

Price

$ 4,700,000

Bedrooms

3

Property Type

Multi-Family

Year Built

1928

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

19455786

Features
Interior
Cooling System Ceiling Fan(s)
Heating System Wall Unit
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* Excluded Features
List By
Brent Sprenkle

Listing Agent

Berkadia

Broker


Affordability

$ 18,784 per month
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Monthly Principal & Interest
$18,784
Monthly Property Taxes
--
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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726 N VAN NESS AVE, Los Angeles, CA, 90038 is a Multi-Family Home for sale at $4,700,000 with 9,508 sqft. 726 N VAN NESS AVE has 3 bedrooms, 0.0 baths, and was built in 1928. The property's zip code is 90038 which is in Los Angeles, CA