3754 Vinton Avenue

Los Angeles, CA 90034

$2,750,000
Price
12
Beds
9
Baths
6,570 Sq. Ft.
$419 / Sq. Ft.
6,570
Sq. Ft.
$419
per Sq. Ft.

Description

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...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.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3754 Vinton Avenue

Water Front
None
Zoning
LAR3
Style
Mid-Century
Parcel Number
4314005009
Total Units
8.0
Living Area
6570
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute
LISTING UPDATED: 05/15/2024 12:01 AM

Property Details for 3754 Vinton Avenue

StatusActive
MLS #24-389053
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute

Building Information for 3754 Vinton Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$15,345 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,008

Property Taxes

$337

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3754 Vinton Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apt
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Gated
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $194,506
  • Net Operating Income: $114,246.00
  • Gross Income: $188,931
  • Cap Rate: 4.15%
  • Gross Rent Multiplier: $14.56
  • Actual Annual Gross Rent: $188,931.00
  • Vacancy Allow Dollar: $5,575.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 74426
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
  • Lot Location: City, Alley Access
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport, Carport Attached, Covered Parking, Driveway, Tandem, Uncovered, Side By Side
  • Total Parking: 10
  • Covered Parking: 8
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 0
  • Carport Spaces Total: 10
  • Parking Features: Assigned, Carport, Attached Carport, Covered, Driveway, Tandem Garage, Uncovered, Side by Side
  • Attached Garage: Yes
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator, Washer, Dryer, Garbage Disposal, Microwave
  • Room Bathroom Features: Linen Closet/Storage, Shower in Tub
  • Bathroom Features: Linen Closet, Shower and Tub
  • Cooking Appliances: Cooktop - Gas, Microwave, Oven, Oven-Gas
  • Laundry: Community, Laundry Area
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-07-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,296.00
  • Unit Actual Rent: $2,296.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,975.00
  • Unit Actual Rent: $3,951.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $9,498.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $150,609.00
  • Assessed Improvement Percent: 65.33
  • Assessed Land Value: $79,910.00
  • Assessed Land Percent: 34.67
  • Assessed Total Value: $230,519.00

Property History for 3754 Vinton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3754 Vinton Avenue

Taxable ValueLand$81,508Additions$153,621Total$235,129
Tax Record2023$4,046 ($337 / month)
Home Facts
Total Finished SqFt6,570 SqFtAbove Grade Finished SqFt6,570 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN4314-005-009

Schools near 3754 Vinton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palms Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3754 Vinton Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on May 7, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Palms Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 3754 Vinton Avenue is a 12-bed, 9-bath, 6,570 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.