1943 Vista Del Mar Ave - Apartments FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$3,288,000 USD
424-317-0308
1943 Vista Del Mar Ave, Los Angeles, CA for Sale
$3,288,000 USD
Apartments - FOR SALE
1/24
null | 6.05% Cap Rate

1943 Vista Del Mar Ave
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • Assumable Loan @ 3.75% Interest Rate until May 1st, 2029.
  • 1981 Built and NON-RSO. Only Subject to CA AB1482
  • Full Exterior Refresh
  • Very low expenses to operate
  • Copper Plumbing & Updated Electrical
  • New Stucco and Insulation Installed in 2003

OVERVIEW

1943 Vista Del Mar is a 8-unit apartment building consisting of (5) Townhome Style two-bedroom, two-bath units and (3) one-bedroom, one-bath units. Spacious layouts, tall cathedral like heigh ceilings with plenty of natural light. PLEASE REACH OUT TO ANDREW AS POINT OF CONTACT. Just down the hill, Franklin Village provides an established neighborhood amenity base with Gelson's Market, Birds, cafés, restaurants, and daily conveniences. The property's location allows residents to enjoy these amenities within minutes while maintaining the quieter residential character of Vista Del Mar Avenue. The surrounding area is also home to an exceptional concentration of Los Angeles landmarks and entertainment destinations. The Hollywood Bowl, Pantages Theatre, Capitol Records Building, Hollywood Tower, Argyle Castle, and Hollywood Walk of Fame/entertainment district are all within close proximity. The Hollywood Sign and Griffith Observatory further reinforce the property's position at the intersection of Hollywood's cultural identity and the area's extensive recreational amenities. 1943 Vista Del Mar Avenue represents a rare opportunity to own within one of Hollywood's most distinctive residential enclaves—where the privacy and character of hillside living converge with the accessibility and energy of central Hollywood.

FOR SALE DETAILS

PRICE

$3,288,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

8

PRICE/UNIT

$411,000

CAP RATE

6.05%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

R3-2, Los Angeles

APN/PARCEL ID

5586-006-008

ASK ABOUT THIS PROPERTY

Eric MandellAlly Commercial Real EstateMore Info
424-317-0308

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Eric MandellAlly Commercial Real EstateMore Info
424-317-0308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.