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.
Property Type(s):
Residential Income
|
Last Updated
|
5/7/2024
|
Year Built
|
1957
|
|
Community
|
Palms - Mar Vista
|
County
|
Los Angeles
|
Additional Details
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Disposal, Dryer, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Washer |
| AREA |
Palms - Mar Vista |
| BUYER'S BROKERAGE COMPENSATION |
|
| CONSTRUCTION |
Stucco |
| GARAGE |
Assigned, Attached Carport, Carport, Covered, Driveway, Garage, Side by Side, Tandem, Uncovered, Yes |
| HEAT |
Wall Furnace |
| LOT |
7502 sq ft |
| PARKING |
Attached Carport,Assigned,Covered,Carport,Driveway,Garage,Side By Side,Tandem,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
2 |
| STYLE |
Mid-Century Modern |
| ZONING |
LAR3 |
Location
Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email