S Ave, Los Angeles, CA 90047
S Ave, Los Angeles, CA 90047
S Ave, Los Angeles, CA 90047
S Ave, Los Angeles, CA 90047
S Ave, Los Angeles, CA 90047
S Ave, Los Angeles, CA 90047
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Joe Cloninger

Joe Cloninger

+1(323) 386-4663
$ 4,500,000
Est. payment | /mo

52 Beds

26 Baths

16,928 SqFt

Save
$ 4,500,000
Est. payment | /mo
Save

52 Beds

26 Baths

16,928 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,928 sqft

Price per Sqft $265

MLS Listing ID 26999409

Style Bungalow

Bedrooms 52

Year Built 1950

Lot Size 0.898 Acres

Acres 0.8979

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Mixed

Equipment None

Exterior

Parking Features Uncovered

Waterfront Description None

View Y/N No

View None

Building

Story 1

Sewer In Street

Architectural Style Bungalow

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by McAlpin & Company

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+1(323) 386-4663

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