3754 Vinton Avenue

Los Angeles, CA 90034

$2,250,000
Last Sold Price
6
Beds
9
Baths
6,570 Sq. Ft.
$342 / Sq. Ft.
6,570
Sq. Ft.
$342
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 #01972083 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3754 Vinton Avenue

Architectural Style
Mid Century Modern
Parking Spaces Total
10
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Living Area
6570
Assessor Parcel Number
4314-005-009
New Construction
No
LISTING UPDATED: 09/06/2024 02:13 PM

Property Details for 3754 Vinton Avenue

StatusClosed
MLS #24389053
Days on Market101
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

Building Information for 3754 Vinton Avenue

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

Property Information for 3754 Vinton Avenue

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $188,931
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $194,506
  • Net Operating Income: $116,577
  • Gross Multiplier: 13.5
  • Cap Rate: 4.57
  • Financing: Cash To New Loan
Expense Details
  • Total Expenses: $72,966
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Appliances: Disposal, Microwave, Refrigerator, Gas Cooktop, Oven, Gas Oven
  • 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
  • Water Heater Features: Gas
  • Laundry: Yes
  • Laundry Features: Washer Included, Dryer Included, Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Composition, Shingle
  • Entry Location: Ground Level w/steps
  • Other Structures: None
  • Waterfront Features: None
  • Patio: No
  • Patio Features: None
  • Patio And Porch Features: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
  • Tennis Court: None
  • Tennis: No
Land/Lot Info
  • Lot Location: City, Alley Access
  • Direction Faces: West
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Sprinklers: None
  • Levels: Multi/Split
  • Water: Public
  • Sewer: Other
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Carport, Carport Attached, Covered Parking, Driveway, Tandem, Uncovered, Side By Side
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
  • Covered Parking: 8
  • Attached Garage: Yes
  • Parking Features: Assigned, Carport, Attached Carport, Covered, Driveway, Tandem Garage, Uncovered, Side by Side
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,296
  • Unit Type Total Rent: $2,296
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,975
  • Unit Type Total Rent: $3,951
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $9,498
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1

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$83,138Additions$156,693Total$239,831
Tax Record2024$4,100 ($342 / 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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Similar Sold Homes

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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. Offers of compensation are subject to change at the discretion of the seller. 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.