Skip To Content

1163 N Van Ness Ave

Los Angeles, CA 90038
  • $2,250,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: 22-127239
UPDATED: 153 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:
Area:

School Ratings & Info

Description

Developers Dream! PLUS Buy & Hold Investment Opportunities 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!

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/125857204
Print Image

1163 N Van Ness Ave Los Angeles, CA 90038

  • Price: $2,250,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 153 min ago
  • MLS #: 22-127239
8
Beds
0
Baths
0
½ Baths
0.17
Acres
4,992
SQFT
$451
$/SQFT
1962
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Developers Dream! PLUS Buy & Hold Investment Opportunities 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

Cross Streets Corner Of Virginia - North Of Santa Monica - West Direction Faces East Lot Description Corners Established Lot Size Area 7451 Other Structures None Parking Garage Detached Style Contemporary Total Parking 6 View Description Tree Top View YN Yes

Interior Features

Baths Total 10.00 Cooling Window Unit(S) Equipment Built-Ins Heating Wall

Property Features

Assessed Total Value 316757 Gross Income 166800 Gross Operating Income 166800 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 133440.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 33360 Type Of Units Low Rise Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Bruce Jay DRE#00559166 of Bruce Jay Associates.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-127239-2.jpg
Logo
Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270