Address not disclosed, Los Angeles, CA 90047
Address not disclosed, Los Angeles, CA 90047
Address not disclosed, Los Angeles, CA 90047
Address not disclosed, Los Angeles, CA 90047
Address not disclosed, Los Angeles, CA 90047
Address not disclosed, Los Angeles, CA 90047
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Charles Zepeda

Charles Zepeda

+1(530) 330-0631
$ 4,500,000
Est. payment | /mo

52 Beds

26 Baths

16,928 SqFt

Save
$ 4,500,000
Est. payment | /mo
Save

52 Beds

26 Baths

16,928 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,928 sqft

Price per Sqft $265

MLS Listing ID 26999409

Bedrooms 52

HOA Y/N No

Year Built 1950

Lot Size 0.898 Acres

Property Description

We are excited to present the Van Ness-Century Complex. Located at 2111-2155 West Century and 9920-24 S Van Ness this residential compound consists of 26 - 2 Bedroom units on almost an acre of land. Units are comprised of 3(2+1) units and a billboard at the Van Ness address. The Century address consists of 23 (2+1) units. The apartments were built in 1950, contain 16,928 square feet and are made of wood-frame stucco construction. They are located on a large corner lot of 39,111 square feet, which is zoned LAC2-1. The scheduled gross income on the property is $480,477 and the estimated Net Operating Income is $310,800. Based on the attractive price of $4,500,000, the GRM is 9.3 and the CAP rate is 6.9. At that price, the Cost Per Unit is $173,077. Market rent would generate an income of $660,000, providing a 10.9% CAP Rate and a GRM of 6.68. So, long term, this investment will provide a tremendous return. With 35% down, the investment would produce a cash-on-cash return of 5.65%, day 1.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Uncovered

View Y/N No

View None

Building

Story 1

Entry Level One

Sewer Other

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6057020032

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jerome McAlpin McAlpin & Company #00939725
Charles Zepeda

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(530) 330-0631

charles@deanaguilargroup.com

4170 Wabash Ave, Diego, California 92104, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Charles Zepeda, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

Address not disclosed