714-745-2708

Address Undisclosed

$4,500,000 Approx. USD 52 beds, 26 baths
16,928 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Jerome McAlpin | jerome@mcalpinco.com
Lic#: 00939725
Broker: Courtesy of McAlpin & Company
Phone: 310-437-4172

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26999409

Price: $4,500,000

Beds: 52

Baths: 26

Built in 1950

16,928 sqft

1 story

0.90 acres

Lot size: 0.8979

County: Los Angeles

Property style: Bungalow

Zoning: LAC2

Parking description: Uncovered

Heating/cooling: None

Heating description: Wall Furnace

MLS area: C36 - Metropolitan Southwest

Last Updated: 10/17/2026

Days On Market (DOM): 28

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This listing belongs to the C36 - Metropolitan Southwest MLS area

The style of this listing is Bungalow.
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