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    3729 Vinton Avenue

    Los Angeles (City), CA 90034
    • $4,895,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: SB21003559
    $4,895,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,578
      SQFT
    • $511
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    Beautiful 1987 Construction 11-Unit asset located in the heart of Palms at 3729 Vinton Ave., Los Angeles. With Prop 21 failing to pass, new buyers can take advantage of this Value-Add, NON-RENT CONTROLLED asset offering a great return on pro-forma numbers. This "A" location property with great curb appeal has over 41% upside available in monthly income alone.The Vinton apartments have a great mix of (1) 2-Bd/2-Ba Townhouse, (4) 2-Bd/2-Ba, & (6) 1-Bd/1-Ba units. Two of the 1-Bed units and One of the 2-Bed units will be delivered tenant ready, offering immediate upside! Most of the units have been renovated and are in pristine condition. These overly spacious units feature new hardwood flooring, granite countertops, new paint, new interior fixtures, as well as Dishwashers and A/C. Additionally, each unit comes with their own private balcony. There is copper plumbing throughout the building. Built in the 80's, there is plenty of parking for each tenant to go along with the additional street parking. Currently operating just below a 4% Cap, there is plenty of room to increase the rents and achieve a 5% Cap.Only minutes away from Millions of $ in development, this renovated property is an ideal pickup for any exchange buyer or investor looking to own in one of Los Angeles's top rental markets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113071600
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    3729 Vinton Avenue Los Angeles (City), CA 90034

    • Price: $4,895,000
    • Status: Active
    • MLS #: SB21003559
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    9,578
    SQFT
    $511
    $/SQFT
    1987
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Beautiful 1987 Construction 11-Unit asset located in the heart of Palms at 3729 Vinton Ave., Los Angeles. With Prop 21 failing to pass, new buyers can take advantage of this Value-Add, NON-RENT CONTROLLED asset offering a great return on pro-forma numbers. This "A" location property with great curb appeal has over 41% upside available in monthly income alone.The Vinton apartments have a great mix of (1) 2-Bd/2-Ba Townhouse, (4) 2-Bd/2-Ba, & (6) 1-Bd/1-Ba units. Two of the 1-Bed units and One of the 2-Bed units will be delivered tenant ready, offering immediate upside! Most of the units have been renovated and are in pristine condition. These overly spacious units feature new hardwood flooring, granite countertops, new paint, new interior fixtures, as well as Dishwashers and A/C. Additionally, each unit comes with their own private balcony. There is copper plumbing throughout the building. Built in the 80's, there is plenty of parking for each tenant to go along with the additional street parking. Currently operating just below a 4% Cap, there is plenty of room to increase the rents and achieve a 5% Cap.Only minutes away from Millions of $ in development, this renovated property is an ideal pickup for any exchange buyer or investor looking to own in one of Los Angeles's top rental markets.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.78 Community Features CurbsGuttersSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 301164.00 Gross Multiplier 16.25 Gross Scheduled Income 293436.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 185031.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 107098.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 107098.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. and Parker Boehle of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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