1827 N Van Ness Ave
16 Unit Block of Flats £3,083,341 (£192,709/Unit) 5.29% Net Initial Yield Los Angeles, CA 90028
EXECUTIVE SUMMARY
Michael Kamara of Lyon Stahl is pleased to present 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 a
7.22% CAP rate once units turnover.
Please email Michael.Kamara@lyonstahl.com for more information.
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 a
7.22% CAP rate once units turnover.
Please email Michael.Kamara@lyonstahl.com for more information.
PROPERTY FACTS
| Price | £3,083,341 |
| Price Per Unit | £192,709 |
| Sale Type | Investment |
| Net Initial Yield | 5.29% |
| Gross Rent Multiplier | 11.71 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 18,518 SF |
| Number of Floors | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.86/1,000 SF |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk To Campus
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+2 | 8 | - | - |
1 of 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5586-029-029 | Improvements Assessment | £972,468 |
| Land Assessment | £2,238,220 | Total Assessment | £3,210,688 |
ZONING
| Zoning Code | LARD1.5 |
