Address available on request, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

Address available on request

Los Angeles, CA 90047
52 Beds
26 Baths
16,928 Sq Ft
Built 1950
$4,500,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1950
Living area
16,928 sq ft
Lot size
39,111 sq ft
Stories
1
Days on market
1
MLS status
Active
Architectural style
Bungalow
Zoning
LAC2

Features & Amenities

Parking

  • Uncovered

Community, Schools & Utilities

Community

View
None

Utilities

Heating
WallFurnace
Cooling
None
Sewer
Other
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Location & Neighborhood

Address available on request

Los Angeles, CA 90047

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Frequently Asked Questions About Address available on request

Property type: Residential Income

The current asking price is $4,500,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of Address available on request. Our team will confirm availability and timing.
This 52 bedrooms and 26 bathrooms property offers approximately 16,928 square feet of living space. It was built in 1950. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Jerome McAlpin
MLS ID: CLW-X06070

Available property

$4,500,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.