Premiere Real Estate
Listed by Premiere Real Estate
$1,150,000
7410 Vineland Avenue
Details
APN 2410002015
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 4.75%
Buildings 1
Acreage 0.161
Zoning Assessor
Multifamily | 4.75% CAP | 4 Units
Marketing description
Rare opportunity to acquire a well-located four-unit apartment property (7410-7412 1/2) in a strong rental pocket of Sun Valley. The property features a desirable unit mix of two spacious 2-bedroom/1-bath units and two oversized 1-bedroom/1-bath units. All units are larger than typical for the area, enhancing tenant appeal and supporting long-term occupancy. This asset offers multiple clear paths to increased income and overall value. A street-facing courtyard presents an excellent opportunity to create a landscaped outdoor amenity space, adding usability and appeal-particularly for the front 1-bedroom unit. With thoughtful improvements, this feature can contribute to higher achievable rents and improved tenant retention. The property also includes two detached 2-car garages that are currently not utilized by tenants. These garages provide immediate upside potential through separate rental income or by incorporating them into existing units to justify rent increases. Additionally, they may present a potential opportunity for conversion into additional units (buyer to verify), offering a compelling path to significantly higher total income. Investors can choose to operate the property in its current condition with stable rental demand and consistent cash flow, or implement a renovation program to capture full market rents. The larger unit sizes and functional layouts position the property well for interior and exterior upgrades that can command premium pricing. Located in a high-demand rental area of Sun Valley, the property benefits from close proximity to major employment
Listing Contacts
Premiere Real Estate
Listed by Premiere Real Estate
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