954 N Van Ness Ave Los Angeles, CA 90038
Hollywood NeighborhoodEstimated payment $15,156/month
Highlights
- Laundry Room
- STEM Academy at Bernstein High Rated A-
- 1-Story Property
About This Home
Great 12-Unit Building in the Heart of Hollywood consisting of 3 separate buildings located in the Hollywood neighborhood. It is situated just moments away from Santa Monica, Hollywood and Sunset Boulevard. Buildings offer a mix of two and three bedroom units with long-term tenants. The property . with its prime location and the excellent income to expenses ratio, presents an excellent investment opportunity. This property contains 10 units out of the twelve that are NOT rent controlled by the city of Los Angeles, it also have separate electric and gas meters for each unit. This 12 unit buildings offers an exceptional opportunity
Listing Agent
Keller Williams Luxury Brokerage Phone: 818-681-8481 License #01456647 Listed on: 05/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,700
Year Built
- Built in 1924
Lot Details
- 5,771 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 6 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,669 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 22 Bedrooms
- 12 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 4331
- Assessor Parcel Number 5536015018
- $481 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Insurance Expense $6,905
- Maintenance Expense $2,982
- Other Expense $1,203
- Pest Control $756
- Water Sewer Expense $14,460
- Operating Expense $26,307
- Gross Income $268,836
- Net Operating Income $242,529
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,700 | $529,098 | $347,924 | $181,174 |
| 2024 | $6,700 | $518,724 | $341,102 | $177,622 |
| 2023 | $6,581 | $508,554 | $334,414 | $174,140 |
| 2022 | $6,290 | $498,583 | $327,857 | $170,726 |
| 2021 | $6,201 | $488,808 | $321,429 | $167,379 |
| 2019 | $6,024 | $474,312 | $311,897 | $162,415 |
| 2018 | $5,895 | $465,013 | $305,782 | $159,231 |
| 2016 | $5,107 | $403,733 | $244,688 | $159,045 |
| 2015 | $5,035 | $397,669 | $241,013 | $156,656 |
| 2014 | $5,065 | $389,880 | $236,292 | $153,588 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2025 05/06/25 | For Sale | $2,700,000 | -- | $352 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Title 365 | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Grant Deed | -- | Gateway Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $436,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25099628
APN: 5536-015-018
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Based on information from California Regional Multiple Listing Service, Inc. 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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