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    3729 Vinton Avenue

    Los Angeles, CA 90034
    • $4,895,000
    • STATUS: ACTIVE
    • ON SITE: 11 days
    • ID#: 302994590
    UPDATED: 58 min ago
    $4,895,000
    • 6
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    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 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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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/113074723
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    3729 Vinton Avenue Los Angeles, CA 90034

    • Price: $4,895,000
    • Status: ACTIVE
    • Updated: 58 min ago
    • ID#: 302994590
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    Neighborhood:
    Los Angeles (90034)
    County:
    Los Angeles
    Area:
    Los Angeles (90034)
    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 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

    Pool N/K Site CurbsSidewalks

    Interior Features

    Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 3.78 Annual Expense Actual 107098 Buildings 1 Gross Rent Multiplier Actual 16.25 Gross Scheduled Income Actual 293436 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2275.0 Unit2 Rent Actual 2395.0 Unit3 Rent Actual 1979.0 Unit4 Rent Actual 2295.0 Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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