Multifamily

1125 N Van Ness Ave

Listing Price: $3,150,000

Cap Rate
3.67%
Number of Units
12
Price/Unit
$262,500
Price/Gross SF
$393.75
Gross SF
8,000

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1125 North Van Ness Avenue, an 12-unit multifamily community located in the Hollywood submarket of Los Angeles, CA. The property features 8,000 square feet of gross rentable area, situated on a large 7,500-square foot lot. The 12-unit apartment building is composed of 10 one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Additionally, the seller has completed the seismic retrofit work and offers on-site parking and laundry facilities for tenants. The offering is situated in one of the trendiest locations in Los Angeles, just north of Santa Monica Boulevard, sandwiched between Bronson Avenue to the west and Wilton Place to the east. Residents have ideal proximity to thousands of high paying jobs, myriad entertainment venues, cultural destinations, and world class dining. Due to the property’s premier location and rental upside, 1125 North Van Ness Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Hollywood.

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 38% in Rental Upside Through Renovation Plan.
  • Property Offers Copper Plumbing Throughout, On-Site Parking and Laundry Facilities for Tenants.
  • Seismic Retrofit Work has Been Completed!
  • Located Within an Opportunity Zone.
  • Property is Situated on a Large Corner Lot.
  • Walkscore.com Rates 1125 North Van Ness Avenue Very Walkable: Most Errands can be Accomplished on Foot.

Exclusively Listed By

Financing By

Listing Price: $3,150,000

Cap Rate
3.67%
Number of Units
12
Price/Unit
$262,500
Price/Gross SF
$393.75
Gross SF
8,000

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 38% in Rental Upside Through Renovation Plan.
  • Property Offers Copper Plumbing Throughout, On-Site Parking and Laundry Facilities for Tenants.
  • Seismic Retrofit Work has Been Completed!
  • Located Within an Opportunity Zone.
  • Property is Situated on a Large Corner Lot.
  • Walkscore.com Rates 1125 North Van Ness Avenue Very Walkable: Most Errands can be Accomplished on Foot.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1125 North Van Ness Avenue, an 12-unit multifamily community located in the Hollywood submarket of Los Angeles, CA. The property features 8,000 square feet of gross rentable area, situated on a large 7,500-square foot lot. The 12-unit apartment building is composed of 10 one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Additionally, the seller has completed the seismic retrofit work and offers on-site parking and laundry facilities for tenants. The offering is situated in one of the trendiest locations in Los Angeles, just north of Santa Monica Boulevard, sandwiched between Bronson Avenue to the west and Wilton Place to the east. Residents have ideal proximity to thousands of high paying jobs, myriad entertainment venues, cultural destinations, and world class dining. Due to the property’s premier location and rental upside, 1125 North Van Ness Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Hollywood.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower