2008 Vineyard Ave, West Adams
Rare Fully Remodeled West Adams Fourplex
Fully renovated fourplex (triplex + ADU) in the highly desirable Mid-City/West Adams Adj. neighborhood, offered at an unbeatable price of $1,899,000. Situated on a picturesque, palm tree-lined street just off trendy Washington Blvd, this charming property is perfect for owner-occupiers, 1031 exchange buyers, and investors alike. Notably, one of the 1-bed units is currently occupied at $2,295/month, but there is potential for it to be delivered vacant, making this an ideal opportunity for an owner/investor.
The Important
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$1,899,000
Fourplex
For Sale
4
1949
5.31%
14.03
$135,372/Year
2,856 sqft
6,445 sqft
$664.92
$474,750
1 x 3b/2b, 1 x 2b/1b, 2 x 1b/1b
No
6 Exterior Spaces
STABILIZED 5.31% cap rate + upside!
The Highlights
STABILIZED 5.31% cap rate + upside! Pro forma cap rate of 5.52%
Potential for one of the 1 bedroom units to be delivered vacant, making this an ideal opportunity for an owner/investor.
Total monthly income of $11,281. Outstanding rent.
Unbeatable West Adams location just moments WALKING to an unlimited supply of restaurants, shops, businesses and more!
All units separately metered for gas, electric AND water! Microscopic expenses!
Lowest price per door of any new construction/renovation in West Adams!
Delivered fully loaded with stainless steel appliances and washer + dryers for all units.
Numerous upgrades, including new plumbing, tankless water heaters, electrical, and HVAC.
Dream 1031 exchange opportunity. Ready to close ASAP!
Features six parking spaces, a rare find!
Delivered with drought tolerant landscaping.
Moments to countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), the Culver Steps (Amazon Studios), and Platform!
The Neighborhood
<15-Minute Walk
Midtown Shopping Center, Hollywood Night Market, Planet Fitness, Five Guys, Pacific French Bakery, Spaccio Salumeria, Menchitas, Washington Irving Branch Library, Starbucks, , Roscoe's Chicken and Waffles, Olive Garden, Wingstop, Subway, Jamba Juice
<15-Minute Drive
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
<$15 Uber Ride
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
Contact
Lauren Cearley
213.302.8662
Property Presented By:
