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2008 Vineyard Ave
Los Angeles, CA 90016

$1,899,000 USD

Apartments For Sale  •  3,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,856 SF
  • Lot Size 0.15 AC
  • Building Class B
  • Year Built 1949
  • Cap Rate 5.31 %
  • Zoning LARD2
55 Transit Score
83 Walk Score

Highlights

STABILIZED 5.31% cap rate + upside! Pro forma cap rate of 5.52%
Total monthly income of $11,281. Outstanding rent. Cash cow!
Rare opportunity to purchase 4 renovated units under 2 million.
Unbeatable West Adams location just moments WALKING to an unlimited supply of restaurants, shops, businesses and more!
Potential for one of the 1 bedroom units to be delivered vacant, making this an ideal opportunity for an owner/investor.
Lowest price per door of any new construction/renovation in West Adams!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $100,838 USD (2023)
Cap Rate: 5.31 %
Total Expenses: $29,119 USD

Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Freezer
  • Island Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 13 min - 7.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 15 min - 7.8 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 9.2 mi
Bob Hope 26 min - 14.8 mi
Long Beach (Daugherty Field) 34 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Elizabeth Maddox 818-859-7242 Myunits.com
Elizabeth Maddox 818-859-7242 Myunits.com