1220 N Van Ness Ave is a well-maintained 9-unit apartment located in the heart of Hollywood! Built in 1961, the property features seven (7) 1+1 units and two (2) 2+2 units, totaling approximately 6,480 SF of rentable space on a 7,364 SF LAR3-zoned corner lot! It includes eight tandem parking… Read More spaces and two (2) additional tuck under spaces at the rear. The property is separately metered for gas and electricity, has completed its seismic retrofit, and presents significant rental upside potential! Additionally, there is a laundry room that is currently not being utilized that could provide additional income in the future. One (1) unit currently VACANT! Situated near Sunset Blvd and Wilton Pl, it benefits from its prime location within Hollywood's thriving residential and commercial core. The property is ideally positioned near major employment centers, entertainment studios, post-production houses, retail corridors, and hospitals. Rated "Very Walkable" with a Walk Score of 88, the property offers easy access to the restaurants, cafes, and shopping the area is known and loved for. Nearby popular destinations include Osteria La Buca, Ggiata Delicatessen, and Great White. Located near Echelon Studios Complex a project of 550,000 SF of new production studio, office, and retail space set to be completed this year. The property also provides excellent and easy access to the 101 Freeway, along with close proximity to the Metro B Line (Red Line). Read Less
Property listed by Equity Union, Nicole Apostolos 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Beds
11
Square Ft.
6,480
Lot Size
0.17 Acres
Year Built
1961
MLS Number
26710485
Additional Details
Building
Built in 1961, Living area: 6480.0, 1 building, Building faces West, 2 stories, Levels: Two
Cooling
WallWindowUnits
Accessibility Features
None
Fireplaces
None
Income
Gross Income: $164,161, Net Operating Income: $106,549
Lot
0.1691 acres
Parking
8 total parking spaces, Garage, Gated, Tandem
Pool
None
Taxes
Parcel Number: 5536005024, Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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