2016 Vista Del Mar Avenue

Los Angeles, CA 90068

$4,250,000
Price
7
Beds
8
Baths
4,492 Sq. Ft.
$946 / Sq. Ft.
4,492
Sq. Ft.
$946
per Sq. Ft.

Description

$550,000 REDUCTION!! Welcome to 2016 Vista Del Mar, a boutique collection of 6 newly reimagined bungalows in the Hollywood Hills. AIH Development presents a modern take on LA's quintessential courtyard residences, providing a best-in-class turnkey investment property for a discerning portfolio. Behind a sleek exterior of custom milled cedarwood and iron fencing, with keyless entry, automatic driveway gate, and Door Bird guest communications system, the residences are centered around a serene landscaped...$550,000 REDUCTION!! Welcome to 2016 Vista Del Mar, a boutique collection of 6 newly reimagined bungalows in the Hollywood Hills. AIH Development presents a modern take on LA's quintessential courtyard residences, providing a best-in-class turnkey investment property for a discerning portfolio. Behind a sleek exterior of custom milled cedarwood and iron fencing, with keyless entry, automatic driveway gate, and Door Bird guest communications system, the residences are centered around a serene landscaped and lighted courtyard. With a muted palette and clean architecture, four traditional 1 bedroom bungalows are each equipped with their own unique outdoor spaces ranging from side patios to private grassy yard spaces. A spacious 2 bedroom, 2.5 bathroom "Owner's Unit" is large standalone home, and a private 1 bedroom + office unit offers a lovely flow and private back yard. No expense was spared in the modernization of this community. From stucco to windows, doors, roofs, water lines, sewer, electrical, and HVAC, each structure has been meticulously rebuilt with energy efficiency, longevity, and ease of maintenance in mind. The interiors provide a luxe and elevated style of living, with 7" wide white oak engineered hardwood flooring, shadow box moldings, custom window treatments and solid wood Dutch doors. Finishes surprise and delight, showcasing a rare attention to detail and quality. Kitchens feature Caesarstone countertops, custom white oak cabinetry with soft close drawers, Bosch and GE Cafe appliances. The bathrooms offer Grohe and Toto fixtures with playful designer tile. Each unit is complete with custom millwork closets, LG washers and dryers, along with individual Post Alarm systems and energy efficient central HVACs. Covered parking for 7 vehicles features EV charging capabilities individually metered for each unit. An incredibly rare trophy property for investors seeking for top-rate market rents, steady cash flow, and easy maintenance. Nestled on a quiet street just north of Franklin Ave. at the base of the Hollywood Hills, you are moments from Franklin Village, Gelson's Market, shopping, the 101 freeway, offices, restaurants, and entertainment in Hollywood, and miles of trails and recreation in Griffith Park.

Property Details for 2016 Vista Del Mar Avenue

Zoning
LARD1.5
Style
Bungalow
Parcel Number
5586003010
Total Units
6.0
Living Area
4492
Source Living Area
Assessor
Area
Hollywood Hills East (C30)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Courtney Pickard, DRE #01948903; Compass, Joe Reichling, DRE #01427385
Add your commute
LISTING UPDATED: 05/10/2024 12:01 AM

Property Details for 2016 Vista Del Mar Avenue

StatusActive
MLS #24-387213
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.28 AC / 12,267 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Courtney Pickard, DRE #01948903; Compass, Joe Reichling, DRE #01427385
Add your commute

Building Information for 2016 Vista Del Mar Avenue

Stories1Residences-Year Built1921Building Size-Lot Size0.28 AC / 12,267 SF

Payment Calculator

$25,541 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

$2,347

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2016 Vista Del Mar Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: Bungalow
Contract Info
Contract Info
  • Disclosures: Rent Control, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $271,200
  • Net Operating Income: $199,049.00
  • Gross Income: $271,200
  • Cap Rate: 4.68%
  • Gross Rent Multiplier: $15.67
  • Total Annual Expense: 72151
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2816
  • Lot Size Square Feet: 12267
Parking Details
Parking Details
  • Parking Garage: Assigned, Auto Driveway Gate, Carport Detached
  • Total Parking: 7
  • Parking Features: Assigned, Auto Driveway Gate, Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Washer, Refrigerator, Range/Oven, Garbage Disposal, Dryer, Built-Ins, Alarm System, Dishwasher, Hood Fan
  • Common Walls: Attached
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,316.00
  • Unit Actual Rent: $13,265.00
  • Unit Projected Rent: $13,265.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,270.00
  • Unit Actual Rent: $4,270.00
  • Unit Projected Rent: $4,270.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,065.00
  • Unit Actual Rent: $5,065.00
  • Unit Projected Rent: $5,065.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $673,200.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,570,800.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $2,244,000.00

Property History for 2016 Vista Del Mar 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 2016 Vista Del Mar Avenue

Taxable ValueLand$1,570,800Additions$673,200Total$2,244,000
Tax Record2023$28,158 ($2,347 / month)
Home Facts
Total Finished SqFt4,612 SqFtAbove Grade Finished SqFt4,612 SqFtLot Size12,263 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLARD1.5CountyLOS ANGELESAPN5586-003-010

Schools near 2016 Vista Del Mar Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cheremoya Avenue Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High 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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2016 Vista Del Mar Avenue is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on May 2, 2024 by Compass, it's currently listed at $4,250,000. It has been on the market for a total of 17 days and was last sold on June 9, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Cheremoya Avenue Elementary School, Joseph Le Conte Middle School and Hollywood Senior High School. 2016 Vista Del Mar Avenue is a 7-bed, 8-bath, 4,492 sqft multi-family home built in 1921.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Courtney Pickard, DRE #01948903; Compass, Joe Reichling, DRE #01427385

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.