Los Angeles CA  home offered at $3,150,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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3737 Vinton Avenue
Los Angeles, California CA 90034-5947
Sold For: $3,132,500
Listing ID: 22190443
Price/SqFt: $496.30
Status: Closed
Sold Date: 9/30/2022
SqFt: 6,347 Sq Ft
Acres: 0.154 Acres
Year Built: 1961

We are pleased to present 8 units in an excellent Palms location at 3737 Vinton Ave. The subject property has an excellent unit mix consisting of (4) 2 Bed/2 Bath and(4) 1 Bed/1 Bath units. The units are spacious as they are spread out over 6,347 square feet and sit on a 6,722 square foot lot zoned LAR3. The building has been very well maintained over the years and has a newer roof and copper plumbing. The exterior of the property has been nicely landscaped and has been upgraded with a security system and secure access as well. The building has ample parking for tenants consisting of 12 spaces. There is immediate access to the upside potential with 2 units being delivered vacant at the close of escrow. The location benefits greatly from its proximity to Culver City, which is only steps away and from the new developments and businesses in the area, including Sony Studios, Amazon Studios, and Tik Tok. Also, within a short drive is Venice and Santa Monica to the west and premiere neighborhoods surrounding Palms including Rancho Park, Cheviot Hills and Mar Vista. With the newly constructed Expo Line running through Palms, public transport is also a key amenity for any tenant in the area.

Primary Features

County: Los Angeles
Price/SqFt: 496.3
Property Type: Residential Income
Year Built: 1961
Zoning: LAR3

Interior

Heating: yes
Heating Type: Wall Furnace
Stories Total: 2

External

Lot Size Area: 6722
Lot Size Square Feet: 6722
Number Of Buildings: 1
Parking: yes
Parking Features: Tandem Garage, Assigned
Parking Total: 12

Location

Country: US
MLS Area Major: C13 - Palms - Mar Vista

Additional

Association: no
Co List Agent State License: 01734419
Co List Office State License: 01972083
Days On Market: 30
List Agent State License: 01748556
List Office State License: 01972083
Lot Size Units: Square Feet
New Construction: no
Number Of Units Total: 8
Parcel Number: 4314004027
Senior Community: no

Financial

Cap Rate: 4.1
Gross Multiplier: 16.46
Gross Operating Income: 186741
Net Operating Income: 129194
Rent Control: yes
Special Listing Conditions: Standard
Tenant Pays: Gas, Electricity
Total Expenses: 57547

Zoning Info


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Listed by: PeterJames, DRE #01748556 from Lyon Stahl Investment Real Estate, Inc. 310-425-9838

Contact - Listing ID 22190443

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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