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1625 Vineyard Avenue

Los Angeles (City), CA 90019
  • $3,425,000
  • STATUS: Active
  • ON SITE: 125 Days
  • ID#: 23236235
$3,425,000
  • 16
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,950
    SQFT
  • $493
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1919
County:

School Ratings & Info

Listing Agent(s): Zachary Freehling of Skylight Real Estate Advisors, Inc. (310-592-0833)


Description

We proudly present 1625 Vineyard Ave, a 9 unit multifamily property in the heart of Mid City Los Angeles. Buyer has the unique opportunity to assume Seller's existing loan amount of $2,264,500 (360 month term from 4/6/2021) with an interest only rate of 3.15% until May 2026. The building sits on a large 14,000-square-foot corner lot and consists of one, two and three bedroom units. . The property is gated and secured and features hardwood laminate flooring, beautifully tiled bathrooms, and stainless steel appliances and fixtures. The offering includes approximately 13 tandem parking spaces and is separately metered for gas and electric.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/136488956
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1625 Vineyard Avenue Los Angeles (City), CA 90019

  • Price: $3,425,000
  • Status: Active
  • On Site: 125 Days
  • ID#: 23236235
16
Beds
0
Baths
0
½ Baths
0.32
Acres
6,950
SQFT
$493
$/SQFT
1919
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
We proudly present 1625 Vineyard Ave, a 9 unit multifamily property in the heart of Mid City Los Angeles. Buyer has the unique opportunity to assume Seller's existing loan amount of $2,264,500 (360 month term from 4/6/2021) with an interest only rate of 3.15% until May 2026. The building sits on a large 14,000-square-foot corner lot and consists of one, two and three bedroom units. . The property is gated and secured and features hardwood laminate flooring, beautifully tiled bathrooms, and stainless steel appliances and fixtures. The offering includes approximately 13 tandem parking spaces and is separately metered for gas and electric.
Exterior Features

Parking Features GarageGatedTandemUncovered Parking Total 8

Interior Features

Appliances DishwasherMicrowaveRefrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.75 Garage YN Yes Gross Income 238836 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 162637 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370867913-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370867913-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370867913-1.jpg
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Zachary Freehling of Skylight Real Estate Advisors, Inc. (310-592-0833)