Homes for sale - 2008 Vineyard AVE, Los Angeles, CA 90016

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Carlos Orellana

carlos@orellana.com +1(661) 916-0328

$1,899,000

Est. payment - /mo

6,446 Sqft Lot

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UPDATED:

10/04/2024 01:27 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB24190340

Construction Status Turnkey

HOA Y/N No

Year Built 1949

Annual Tax Amount $22,777

Lot Size 6,446 Sqft

Property Description

2008 Vineyard Ave is a fully renovated fourplex (triplex + ADU) in the highly desirable Mid-City/West Adams Adjacent neighborhood, offered at an unbeatable price of $1,899,000. Situated on a picturesque, palm tree-lined street just off trendy Washington Blvd, this charming property is perfect for owner-occupiers, 1031 exchange buyers, and investors alike. Notably, one of the 1-bedroom units is currently occupied at $2,295/month, but there is potential for it to be delivered vacant, making this an ideal opportunity for an owner/investor. The fully renovated front duplex features a spacious 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. The back renovated SFR + brand new ADU includes two well-designed 1-bedroom, 1-bathroom units. Each unit has been extensively renovated to appeal to the contemporary renter, featuring low-maintenance luxury vinyl flooring, quartz countertops, modern interior f inishes, full tub/shower bathrooms, energy-efficient LED lighting, stainless steel appliances, and in-unit washer and dryers. The property also comes with numerous upgrades, including new plumbing, tankless water heaters, electrical, HVAC, and separately metered units—so the owner pays no utility costs. With a significant shortage of fourplex inventory under $2 million, this property is priced to sell fast at $1,899,000. The combination of the charming residential neighborhood, the rare, stabilized cap rate of 5.31%, and extensive renovations make 2008 Vineyard Ave an ideal investment opportunity that won’t last long. Located in one of LA’s most up-and-coming areas, this exceptional property is poised to deliver significant appreciation—act quickly before rates come down and prices go up!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Inside

Exterior

Garage Assigned, Driveway

Pool None

Community Features Sidewalks

View Y/N Yes

View Neighborhood

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Landscaped

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5061012025

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485

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Carlos Orellana

+1(661) 916-0328

Broker | License ID: 01759064

Broker License ID: 01759064

2008 Vineyard AVE Los Angeles, CA 90016

Carlos Orellana

Carlos Orellana

Key Details

Location

Interior

Exterior

Building

Others

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