$2,250,000
$2,550,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
9 Baths
6,570 SqFt
SOLD DATE : 09/06/2024
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,570 sqft
Price per Sqft $342
MLS Listing ID 24389053
Sold Date 09/06/24
Bedrooms 12
HOA Y/N No
Year Built 1957
Lot Size 7,501 Sqft
Property Description
We are pleased to present 3754 Vinton Ave in the Palms submarket of Los Angeles, adjacent to Downtown Culver City. The subject property is an 8 unit apartment building built in 1957 with an excellent unit mix and spacious units that are laid out over 6,570 square feet and sits on a 7,500 square foot lot. This is an opportunity for an investor looking for a value-add opportunity. With rents approximately 30% below market, an investor will be able to increase cash flow in one of the premier rental pockets in Los Angeles. A buyer will be able to access the upside day one as there are two vacancies currently at the property. The property features ample parking with 10 spaces located in the rear and front of the building. The soft-story retrofit has been completed and the exterior has been nicely landscaped with on-site laundry for tenants. An investor can capitalize on one of the fastest growing submarkets in all of Los Angeles. With tech companies like Amazon and Tik Tok and entertainment companies like Sony a stones throw away, Culver City and Palms is slowly becoming a hub for Tech in the Los Angeles area. It's central location between the mid-cities and the beach cities make this a great rental pocket for renters looking to access all of the major business hubs in the city. Its walking distance to shops, dining, the Expo Line and entertainment make this a "Walker's Paradise" with a near perfect 96 walk score.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Disposal, Gas Oven, Microwave, Oven, Refrigerator, Dryer, Washer
Laundry Common Area
Exterior
Garage Attached Carport, Assigned, Covered, Carport, Driveway, Garage, Side By Side, Tandem, Uncovered
Carport Spaces 10
Pool None
Community Features Gated
Roof Type Composition,Shingle
Porch None
Parking Type Attached Carport, Assigned, Covered, Carport, Driveway, Garage, Side By Side, Tandem, Uncovered
Attached Garage Yes
Total Parking Spaces 10
Private Pool No
Building
Faces West
Story 2
Entry Level Multi/Split
Sewer Other
Architectural Style Mid-Century Modern
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4314005009
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Special Listing Condition Standard
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Bought with Peter James • Lyon Stahl Investment Real Estate, Inc.
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