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10418 S VAN NESS, LOS ANGELES 90047 10418 S Van Ness Ave

2 Unit Apartment Building $900,000 ($450,000/Unit) 7% Cap Rate Los Angeles, CA 90047

Apartment Buildings California Los Angeles 10418 S Van Ness Ave, Los Angeles, CA 90047

Investment Highlights

  • Lots of natural light
  • Large backyard
  • Open floor plan
  • Plenty of room to build ADU

Executive Summary

Discover this exceptional duplex featuring two well-designed units, each offering 2 bedrooms and 1 bathroom. The property includes a massive backyard, perfect for outdoor entertaining and barbecues, along with ample parking space that fits up to 6 cars and a detached 1-car garage for each unit. Both units are equipped with forced heat, air conditioning, tankless water heaters, dual-pane windows, and a sprinkler system with automatic timers. Conveniently located just minutes from LAX, the Inglewood Sports Hub, shopping centers, top-rated schools, public transportation, and providing easy access to the ocean and downtown LA. This property presents a fantastic opportunity to own a versatile home in a prime location.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $900,000 Apartment Style Low Rise
Price Per Unit $450,000 Lot Size 0.14 AC
Sale Type Investment Building Size 1,731 SF
Cap Rate 7% Average Occupancy 100%
Sale Conditions 1031 Exchange No. Stories 2
No. Units 2 Year Built/Renovated 1947/2012
Property Type Multifamily Parking Ratio 1.16/1,000 SF
Property Subtype
Apartment
  • Multifamily Dormitory
Price $900,000
Price Per Unit $450,000
Sale Type Investment
Cap Rate 7%
Sale Conditions 1031 Exchange
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Lot Size 0.14 AC
Building Size 1,731 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1947/2012
Parking Ratio 1.16/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Ceiling Fans
  • Double Pane Windows
  • Garden

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $2,800 865
1 of 1

zoning

Zoning Code LCR2YY (LCR2YY)
LCR2YY (LCR2YY)
(310) 508-7155

  • Listing ID: 33357166

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 10418 S Van Ness Ave, Los Angeles, CA 90047

More public record information on 10418 S Van Ness Ave, Los Angeles, CA 90047

The Multifamily Property at 10418 S Van Ness Ave, Los Angeles, CA 90047 is currently available For Sale. Contact RE/MAX ALLIANCE GROUP for more information.

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10418 S VAN NESS, LOS ANGELES 90047 | 10418 S Van Ness Ave
(310) 508-7155 x

10418 S VAN NESS, LOS ANGELES 90047 | 10418 S Van Ness Ave

Noe Blanco

(310) 508-7155

(310) 508-7155

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