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1651 Vineyard Avenue
USD 1,100,000
Property ID: 25544861
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1651 Vineyard Avenue ,90019
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icon 6998 SqFt
icon Built in 1965
icon USD 157/SqFt
icon 0 Bed
icon 0 Full
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Location
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
6059
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1965
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Detailed Introduction Of This Home
1651 Vineyard Avenue is a multifamily property constructed in 1965 on a 6,998square foot lot, with a total building size of 4,346 square foot. The propertyfeatures a well-maintained structure with controlled access and is separatelymetered for utilities.The property boasts an attractive unit mix of 5 two-bedroom/one-bathroomand 1 one-bedroom/one-bathroom unit. While the current management hasmaintained the property diligently, many tenants are long-term residents, andcurrent rents are approximately 77% on average below market rates. A newowner can capitalize on this opportunity by adjusting rents to market levelsupon vacancies and implementing targeted renovations to further increase revenue potential. Situated in a thriving neighborhood, 1651 Vineyard Avenue is within closeproximity to a variety of local amenities, including shopping centers,restaurants, parks, and entertainment venues. Given the property's strong fundamentalssuch as its favorable unit mix, solidconstruction, and exceptional location1651 Vineyard Avenue represents acompelling investment opportunity for those seeking growth, stability, and ahedge against inflation in the vibrant Los Angeles market.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1651 Vineyard Avenue
USD 1,100,000 0 Beds
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