461 N Vista St - Apartments FOR SALE


Los Angeles, CA 90036- Hancock Park
$2,225,000 USD
818-433-0548
461 N Vista St, Los Angeles, CA for Sale
$2,225,000 USD
Apartments - FOR SALE
1/9
null | 3.38% Cap Rate

461 N Vista St
Los Angeles, CA 90036
Hancock Park


HIGHLIGHTS

  • 3 fully occupied units 4,112 SF mid-rise multifamily building built in 1937
  • Fully occupied with stable cash flow and below-market rents
  • Prime Fairfax location just minutes from The Grove, LACMA, and Melrose Ave
  • Gross Scheduled Income: $110,211 | NOI: $75,242 | Cap Rate: 3.38%
  • Surrounded by $1.8M+ home values and $170K+ average household income
  • Walkable, high-rent corridor with strong long-term fundamentals

OVERVIEW

Introducing a prime investment opportunity in the heart of Los Angeles! This charming multifamily mid-rise property at 461 N Vista St boasts a 4,112 SF building with 3 fully occupied units. With a rich history dating back to 1937, this property offers timeless appeal and solid rental income. Zoned RD1.5-1-O, it presents ample potential for expansion and development. Positioned for success in a thriving market, this property promises an attractive blend of heritage and opportunity for the savvy investor.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

3

PRICE/UNIT

$741,667

CAP RATE

3.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,105 SF

ZONING

LARD1.5

APN/PARCEL ID

5526-032-002

ASK ABOUT THIS PROPERTY

Karl MarkarianeXp CommercialMore Info
818-433-0548

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Karl MarkarianeXp CommercialMore Info
818-433-0548

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