3450 Vinton Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$3,995,000 USD
310-801-3442
3450 Vinton Ave, Los Angeles, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/26
null | 4.43% Cap Rate

3450 Vinton Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Palms Mar Vista - Multifamily Opportunity -
  • Redevelopment Potential – Zoned R3 with TOC Tier 3 incentives - 20 to 40 Units
  • Value-Add Upside
  • Owner-User Flexibility
  • ADU and Expansion Potential

OVERVIEW

This offering presents a rare multifamily investment opportunity consisting of two contiguous parcels (APNs 4314-015-011 and 4314-015-012) located in the desirable Palms / Mar Vista submarket of West Los Angeles. Situated on approximately 15,000 square feet of land, the property currently consists of two single family homes with 5 residential units. This configuration provides investors with multiple acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy. From a redevelopment standpoint, the property is zoned R3 and located within a TOC Tier 3 Transit Oriented Community area, providing significant development potential. Based on current zoning regulations, the site allows for approximately 20 units by right, with the potential to increase density to approximately 30 to 40 units through the TOC Affordable Housing Incentive Program or California State Density Bonus law, subject to applicable affordable housing requirements. For value-add investors, the property offers immediate upside through renovation and repositioning of the existing seven-unit apartment building. Several units are expected to be delivered vacant at closing, allowing a buyer to capture market rents, modernize interiors, or explore the addition of Accessory Dwelling Units (ADUs) to further enhance long-term income potential. The property also presents a compelling owner-user opportunity, allowing a buyer to occupy one of the residences while generating rental income from the remaining units. The existing improvements include a four-unit property at 3444 Vinton Avenue, anchored by a front three-bedroom residence with three additional two-bedroom units, of which one 2 bedroom unit is currently vacant, and a California Craftsman home at 3450 Vinton Avenue with two additional one-bedroom units above a garage structure of which the house and one of the 1 bedroom units will be delivered vacant. With its combination of redevelopment potential, vacancy upside, and owner-user flexibility, the Vinton Avenue property represents a unique opportunity for investors, developers, and owner-users seeking long-term value in one of West Los Angeles' most established rental markets

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$1,970 USD /SF

# OF UNITS

7

PRICE/UNIT

$570,714

CAP RATE

4.43%

% LEASED

57%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add, Owner User or Development Opp

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

LAR3

APN/PARCEL ID

4314-015-011,4314-015-012

ASK ABOUT THIS PROPERTY

Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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Tim ByrneCOMPASS CommercialMore Info
310-801-3442

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