$2,250,000
Off Market

1163 N VAN NESS AVENUE

Los Angeles, CA 90038
4992 sqft | 8 beds | 0.17 acres | #22127239
Listing OfficeBruce Jay Associates
Type:Multi-Family
Structure:House
Zone:Commercial

Description

This is an Amazing Investment, 6 Units, On the Corner, 3 Units are held Vacant so the Buyer can rent at Market Rate! The other 3 Units are rented month-to-month. Huge Frontage on Van Ness, a Prime Access Street! And a full Parking Lot as well! Must Drive By! Offering R3-T2 Zoning for future Development! Possibilities may include Adding Multiple ADUs, Or even (someday) maybe Building an Apartment Building (or re-selling to a Cash-Strong Developer that will do so). And IF Purchased with the Home + 2 Units Next Door, on Virginia, this may be a DEVELOPER'S DREAM DEAL, possibly Building 30 Units, or so, while collecting Income during the Planning Stage! Check out the neighboring property IN THE MLS, 5807 Virginia Ave. 90038. Family Area Near Schools & Shopping & Transportation! TWO PARCELS ON THE MARKET 5807 Virginia Ave. 90038, AND 1163 North Van Ness Ave. 90038. The Owner prefers to sell both properties (doesn't matter if different Buyers for each property) that can close Escrow at the same time. Together these properties are a Hard to Find COMBO Double-Lot Development Site in Hollywood! Together the Lot Footage is approximately 15,000 SF! Buy Now - Build Later! Please Email any additional questions or thoughts to the Agent, thank you!

  • Interior Details
      • Bedrooms8
  • Property Details
      • Lot DescriptionCornersMarked
      • Stories2
    • Measurements
      • Acres0.1711
      • Square Feet4992
  • Construction Details
      • Property TypeInvestment
    • Condition
      • Year Built1962
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$2,250,000
      • Buying Agency Compensation2.500
  • Other
      • MLS #22127239
  • -

    Location

    sawhneyhomesReal Estate Group