26-Unit Apartment
For Sale
$4,500,000
9924 S Van Ness Ave, Los Angeles, CA 90047
The property occupies a corner parcel with a billboard at the Van Ness address.
Property Size16,928 SF
Lot Size0.90 Acres
Price / SF$265.83
Days on Market19
Property Features for 9924 S Van Ness Ave
General Information
Standard status
Active
Size
16,928 SF
Lot size
0.90 Acres
Property subtype
MULTI_FAMILY
Zoning
LAC2-1
Net Operating Income
$310,800
Financials
Asking Price
$4,500,000
Cap Rate
6.9%
Gross Income
$480,477
Gross Rent Multiplier
9.3
Site & Location
Neighborhood
Gramercy Park
Units
Unit Mix
3 x 2+1, 23 x 2+1
Multifamily Units
26
Building Details
Building Size
16,928 SF
Year Built
1950
Construction
wood-frame stucco
Listing Agency:
McAlpin & Company
Listed By:
Jerome McAlpin · License #00939725
(310) 902-8977
Source:
Highend-estates
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McAlpin & Company
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Investment Insights
Based on property information with market context.
This Los Angeles apartment property contains 26 two-bedroom units across two addresses: 23 at 2111–2155 West Century and three at 9920–9924 S Van Ness. The buildings date to 1950 and have wood-frame stucco construction. Together, they provide 16,928 square feet of building area on a 39,111-square-foot corner lot. The Van Ness address also includes a billboard.
The property is zoned LAC2-1.
The property is zoned LAC2-1.
Key Highlights
- 26 two‑bedroom apartment units across two addresses
- 16,928 square feet of building area
- 39,111‑square‑foot corner lot
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Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
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Business Placement
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property occupies a corner parcel with a billboard at the Van Ness address.
Where is this apartment building located?
The property is located at 9924 S Van Ness Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 26 two‑bedroom apartment units across two addresses; 16,928 square feet of building area; 39,111‑square‑foot corner lot
