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34456309
34456310

1339 N Vista Street, Los Angeles, CA 90046 For Sale

IE
CA 01882046
$1,675,000
3 days on market
Updated 2 days ago

1339 N Vista Street

Details
APN 5550-023-015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,912
Units 6
Cap Rate 4.91%
NOI $84,115
Occupancy 100%
Tenancy Multi
Class B
Year Built 1954
Buildings 1
Lot Size (SqFt) 6,401
Zoning LAR3
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.53
Investment Type Stabilized

Rare Hollywood multifamily opportunity with strong cash flow, rental upside, & investment potential.

Marketing description

Exceptional six-unit income property ideally located in one of Los Angeles' most desirable rental markets, just moments from West Hollywood, Melrose Avenue, Sunset Boulevard, and countless restaurants, shopping, entertainment, and major employment centers. This well-maintained traditional apartment building offers outstanding curb appeal and reflects years of exceptional pride of ownership, presenting a rare opportunity to acquire a quality multifamily asset in a highly sought-after location.

Over the years, ownership has invested extensively in the property's long-term infrastructure and building systems through numerous capital improvements designed to enhance value and minimize deferred maintenance. Major upgrades include seismic foundation bolting, electrical panel and breaker upgrades, partial sewer line replacement, seismic gas valve installation, extensive plumbing improvements, roof repairs, exterior painting, garage and walkway improvements, laundry room enhancements, and completion of the SB-721 balcony inspection.

Several units have been thoughtfully updated over the years with renovated kitchens and bathrooms, updated flooring, fresh interior paint, new fixtures, appliances, water heaters, and numerous plumbing and electrical improvements, creating an attractive living environment for tenants while reducing future capital needs. The property also benefits from additional garage income, providing an attractive supplemental revenue stream.

Combining stable in-place income, extensive capital improvements, strong pride of ownership, and an exceptional central Los Angeles location, this is a rare opportunity to acquire a well-maintained investment property with long-term appreciation potential and excellent rental demand.

Investment highlights

  • Exceptional six-unit income property ideally located in one of Los Angeles' most desirable rental markets, just moments from West Hollywood, Melrose Avenue, Sunset Boulevard, and countless restaurants, shopping, entertainment, and major employment centers
  • Well-maintained traditional apartment building offers outstanding curb appeal and reflects years of exceptional pride of ownership
  • Extensive capital improvements include seismic foundation bolting, electrical panel and breaker upgrades, partial sewer line replacement, seismic gas valve installation, extensive plumbing improvements, roof repairs, exterior painting, garage and walkway improvements, laundry room enhancements, and completion of the SB-721 balcony inspection
  • Several units have been thoughtfully updated over the years with renovated kitchens and bathrooms, updated flooring, fresh interior paint, new fixtures, appliances, water heaters, and numerous plumbing and electrical improvements
  • Property benefits from additional garage income, providing an attractive supplemental revenue stream
  • Combining stable in-place income, extensive capital improvements, strong pride of ownership, and an exceptional central Los Angeles location

Listing Contacts

IE
CA 01882046

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,115.23
$7,009.60/mo

Valuation Metrics

0
DSCR
5.02%
Cap Rate
5.02%
ROI

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Additional Information

Name
Ivan Estrada
License
01882046
Brokerage Phone
310.595.3888
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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