Listed by 818-850-8485 - Elizabeth Maddox - DRE #01921425 - Myunits.com Inc. 818-859-7242 Listing Courtesy of: DRE #02030205
$1,899,000 affordable loan icon Calculate Payment

2008 Vineyard Avenue Los Angeles, CA 90016

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Fourplex Residence
Beds
Baths
2,856 Sq. Ft.
0.15 Acre Lot

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Last updated on 11/15/2024 12:56 AM
2008 Vineyard Ave is a fully renovated fourplex (triplex + ADU) in the highly desirable Mid-City/West Adams Adjacent neighborhood, offered at an unbeatable price of $1,899,000. Situated on a picturesque, palm tree-lined street just off trendy Washington Blvd, this charming property is perfect for ow...ner-occupiers, 1031 exchange buyers, and investors alike. Notably, one of the 1-bedroom units is currently occupied at $2,295/month, but there is potential for it to be delivered vacant, making this an ideal opportunity for an owner/investor. The fully renovated front duplex features a spacious 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. The back renovated SFR + brand new ADU includes two well-designed 1-bedroom, 1-bathroom units. Each unit has been extensively renovated to appeal to the contemporary renter, featuring low-maintenance luxury vinyl flooring, quartz countertops, modern interior f inishes, full tub/shower bathrooms, energy-efficient LED lighting, stainless steel appliances, and in-unit washer and dryers. The property also comes with numerous upgrades, including new plumbing, tankless water heaters, electrical, HVAC, and separately metered units—so the owner pays no utility costs. With a significant shortage of fourplex inventory under $2 million, this property is priced to sell fast at $1,899,000. The combination of the charming residential neighborhood, the rare, stabilized cap rate of 5.31%, and extensive renovations make 2008 Vineyard Ave an ideal investment opportunity that won’t last long. Located in one of LA’s most up-and-coming areas, this exceptional property is poised to deliver significant appreciation—act quickly before rates come down and prices go up! Continue reading
MLS#
BB24190340
Property Type
Fourplex
Status
Year Built
1949
Square Feet
2,856 sq. ft
Lot Size
0.15
Sewer
Public Sewer

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Listed by 818-850-8485 - Elizabeth Maddox - DRE #01921425 - Myunits.com Inc. 818-859-7242 Listing Courtesy of: DRE #02030205
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/15/2024 12:56 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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