1947 Vista Del Mar Avenue , Los Angeles, CA - 90068 is For Sale

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$4,300,000· Income property

Description

LAJOMA PROPERTIES is proud to present this beautiful, new construction 4-Unit townhome style property in the HEART of Hollywood just minutes away from Netflix studios, Paramount Studios, and Netflix Corporate office. Walking distance away from the world-famous Hollywood and Sunset Blvd, the property offers close proximity to neighborhood attractions, restaurants, bars, and shops such as the Hollywood Walk of Fame, Highlight Room, TAO, Bar-Lis, Dream Hotel, Thompson Hotel, Magic Castle, Yamashiro Restaurant, and easy access to Runyan Canyon Hiking Trail, The Hollywood Bowl, Lake Hollywood Park, and Griffith Park, this neighborhood is one for the books. Hollywood is one of the most coveted multifamily submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. This neighborhood boasts significant landmarks as well as breathtaking views and easy access to freeways allowing for dynamic mobility. Transit options make it convenient for residents to commute throughout the city and to nearby neighborhoods such as Los Feliz, West Hollywood, Beverly Hills, etc.. This property contains two 3-story duplexes with the front duplex boasting 4 bed/4.5 bath per unit and the larger rear duplex containing 5 bed/5 bath per unit with attached garage access. These units contain open floor plans, multiple master bedrooms in all units, walk-in closets, high ceilings, custom window shades.There are also beautiful quartz countertops in the kitchens and bathrooms with custom decorative backsplash throughout each. Some other features include stainless steel appliances, custom kitchen cabinets, two-toned interior painting, HVAC systems, low voltage led recessed lighting, laundry rooms with washer/dryer, drought tolerant landscaping, automatic fire sprinkler system throughout all units. Rear duplex has four 2-car garages attached with alley access, plenty of parking with decorative pavers throughout the property. All units are individually metered for water, gas, and electricity. Tenants pay all utilities keeping costs low for an investor! The property includes solar panels that are owned and fully paid off by the developer. Overall, this is a very low maintenance property that is well secured with a coded gate entry and security cameras.

Features

MLS#: DW24009831
List Price : $4,300,000
Total Units : 4
CAP rate : $8.00
Net Operating Income : $298,646
Sq M : 578 M2
Year Built : 2023
Days on market : 94 Days
Gross taxes : N/A
Address : 1947 Vista Del Mar Avenue
City : Los Angeles
State : CA
Zip Code : 90068
Neighborhood : N/A
Appliances : 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, High Efficiency Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
Fireplace Features : None
Stories : 3
Laundry : Dryer Included, Gas Dryer Hookup, In Closet, Upper Level, Washer Hookup, Washer Included
Parking Features : Assigned
Sale Type : Standard
Spa : None
View : City Lights, Neighborhood
 
Property Type : Residential Income
Original List Price : $4,300,000
Acres : 0.1429
Lot Size (Acres) : 0.1429
Exterior Features : Lighting, Rain Gutters
Heating : Central, ENERGY STAR Qualified Equipment, Heat Pump, High Efficiency
Water : Public
Sewer : Public Sewer
Parking Features : Assigned
Pool Desc : None
Security Safety : 24 Hour Security, Closed Circuit Camera(s), Security Lights, Smoke Detector(s)
Utilities : Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Interior Features : Recessed Lighting
Cooling : Central Air, ENERGY STAR Qualified Equipment, Heat Pump, High Efficiency
Flooring : Laminate, Vinyl
Driving Directions : Franklin Ave and N. Vista Del Mar Ave
Lot Features : 2-5 Units/Acre, Near Public Transit, Sprinklers Drip System
 
Courtesy of : Joshua Vivanco , Keller Williams - Downtown LA

Location

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Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).