$1,630,000
$1,650,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
8,799 Sqft Lot
SOLD DATE : 09/11/2026
Key Details
Sold Price $1,630,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW26041981
Sold Date 09/11/26
HOA Y/N No
Year Built 1960
Annual Tax Amount $20,625
Lot Size 8,799 Sqft
Property Sub-Type Office
Property Description
8.96% CAP rate!! 14015 Van Ness Ave. is a well-maintained two-story commercial office building that features seven fully leased units, providing exceptional cash flow with an excellent CAP rate. With a large portion of the tenants currently on month-to-month leases, the property offers flexibility for an investor seeking to reposition rents or for a future owner-user looking to occupy all or a portion of the building. This is an excellent opportunity to acquire a stable, high yielding income producing asset. The building's efficient layout and flexible floor plans make it well suited for professional and medical offices, back-office operations, and service-oriented businesses, allowing for a variety of tenant sizes and configurations.
Recent capital improvements reflect proactive ownership and help mitigate the likelihood of upcoming capital expenses. Completed in 2022, these upgrades include a newer roof and skylights, four newer HVAC units, fresh interior/exterior paint, and newer flooring in renovated suites. Additional property features include air conditioning and heating in all units, three common area restrooms, and select in-suite restrooms for added convenience. The property is further enhanced by a central open courtyard that fills the space with abundant natural light, 12 parking spaces plus an on-site parking lot providing ample parking for both tenants and visitors, a gated perimeter, and a building alarm system that offers an added layer of security for occupants and their clientele.
Location
State CA
County Los Angeles
Area 114 - Hollypark
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Flat
Present Use Commercial
Total Parking Spaces 12
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 4059017030
Security Features Carbon Monoxide Detector(s),Key Card Entry,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Ali Eftekhari West Shores Realty, Inc.
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