Address Withheld By Seller, Los Angeles, CA 90047

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
Address Withheld By Seller,Los Angeles, CA 90047
$4,500,000
  • 52 Beds
  • 26 Baths
  • 16,928 sq. ft.
  • Multi-family
  • Active
Listed by: jerome mcalpin
Office: mcalpin & company310-437-4172
MLS#:26999409
Source:CRMLS

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Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$265.83

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:26999409
  • Added:33 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Bedrooms:52
  • Total bathrooms:26
  • Living area:16,928 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1950
  • Building area:16,928 sq. ft.
  • Lot area:0.9 Acres
  • Architectural Style:Bungalow
  • Levels:1 Story

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$265.83

Parking

  • Parking description:Uncovered
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