3754 Vinton Ave, Los Angeles, CA 90034

3754 Vinton Ave, Los Angeles, CA 90034

Los Angeles, CA

Property Description

The James Group is 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 consisting of (1) 3 Bed / 2 Bath, (2) 2 Bed / 1 Bath, and (5) 1 Bed / 1 Bath units. The spacious units are laid out over 6,570 square feet and sits on a 7,500 square foot lot that is zoned LAR3. 3754 Vinton is an opportunity for investors looking for value-add opportunities in Los Angeles. 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. 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 giving the offering great curb appeal. The building also features on-site laundry adding an additional income stream for an investor.

Property Features

  • Sale Price: $2,750,000
  • Area Size: 6,570 Sq. Ft.
  • Land Area: 7,500 Sq. Ft.
  • Year Built: 1957
  • Listing Date: 8/15/2023
  • Units: 8
  • Current GRM: 15.00
  • Current Cap Rate: 3.99%
  • Price Per Unit: $343,750
  • Market GRM: 11.74
  • Market Cap Rate: 5.71%
  • Current NOI: $109,748

Lyon Stahl Investment Real Estate

Keep In Touch