Listed by WSA, Compass
$3,995,000
3444 & 3450 Vinton Ave
Details
APN 4314-015-011 & 4314-015-012
Property Type Retail
Sub Type Commercial
Square Footage 6,104
Units 7
Cap Rate 4.43%
NOI $177,064
Pro-Forma NOI $234,275
Price per SqFt $447
Year Built 1923 / 1939 / 1954
Lot Size (SqFt) 15,006
Zoning LAR3-1 -T.O.C. 3 & ZI 2452 Transit Priority
Investment Type Owner/User
Retail | 4.43% CAP | 6,104 SqFt
Marketing description
The Vinton Avenue investment opportunity presents investors with three distinct acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy, located in one of the Westside’s strongest rental markets and long-term appreciation in the Palms / Mar Vista submarket.
The property is zoned R3 and located within a TOC Tier 3 Transit Oriented Community area, allowing for significant redevelopment potential. Based on current zoning, the site allows for approximately 20 units by right on the combined ±15,000 square foot lot. Through the TOC Affordable Housing Incentive Program
or State Density Bonus, a developer may increase density to 30 to 40units, subject to affordable housing
Investors may also pursue a value-add repositioning strategy by improving the existing seven-unit apartment property. The asset currently offers three vacant units, providing immediate upside
through interior renovations and rental repositioning. Additionally, investors may explore the potential to add Accessory Dwelling Units (ADUs), further increasing rental income and long-term asset value.
Investment highlights
- List Price: $3,995,000
- $/SF: $447
- $/Unit: $447
- $/SF/ Land: $266
- Cap Rate: 4.43%
- GRM: 14.24
- No. Units: 7
- Delivered Vacant: Front House and 2 Units
- Gross Income: $280,548
- Net Income: $177,064
- Building SF: 6,104
- Lot Size SF: 15,006
- Year Built: 1923 / 1939 / 1954
- Unit Mix: Mix of Units
- Existing Parking: Mix of Carport and Garages
- Value Add: Excess Land - ADU
- APN Numbers: 4314-015-011, 012
- Zoning: LAR3-1 -T.O.C. 3 & ZI 2452 Transit Priority
- Highlights: Two - Separate 3 Units and 4 Units Buildings / Lots
- Very Large 15,006 Sq. Ft. LAR3 Zoned Lot
- Value Add Apartment - ADU & Owner User
- Development Opportunity - Appx 20 - 40 Units
- Investment Opportunity
- The Vinton Avenue investment opportunity presents investors with three distinct acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy, located in one of the Westside’s strongest rental markets and long-term appreciation in the Palms / Mar Vista submarket.
- Redevelopment Opportunity
- The property is zoned R3 and located within a TOC Tier 3 Transit Oriented Community area, allowing for significant redevelopment potential. Based on current zoning, the site allows for approximately 20 units by right on the combined ±15,000 square foot lot. Through the TOC Affordable Housing Incentive Program or State Density Bonus, a developer may increase density to 30 to 40units, subject to affordable housing requirements.
- Value-Add Opportunity
- Investors may also pursue a value-add repositioning strategy by improving the existing seven-unit apartment property. The asset currently offers three vacant units, providing immediate upside through interior renovations and rental repositioning. Additionally, investors may explore the potential to add Accessory Dwelling Units (ADUs), further increasing rental income and long-term asset value.
- Owner-User Opportunity
- The property also presents a compelling owner-user opportunity, allowing a buyer to occupy the existing single-family residence while generating income from the rear rental units.
- An owner-user could:
- Occupy the front home.
- Renovate and stabilize the rear units.
- Potentially add ADUs to further enhance rental income.
- This configuration allows an investor to combine primary occupancy with income-producing real estate in a highly desirable West Los Angeles location.
Listing Contacts
Listed by WSA, Compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,064.00
$14,755.33/mo
Valuation Metrics
0
DSCR
4.43%
Cap Rate
4.43%
ROI
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