7253-7257 Vineland Ave - Apartments FOR SALE


Sun Valley, CA 91352
$1,900,000 USD
818-380-5294
7253-7257 Vineland Ave, Sun Valley, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/14
null | 5.68% Cap Rate

7253-7257 Vineland Ave
Sun Valley, CA 91352


HIGHLIGHTS

  • Twelve (12) unit multifamily property consisting of two adjacent six-unit buildings built in 1953
  • 9.32 GRM and a 5.68% CAP rate, offered at $233.30 per square foot!
  • Eight (8) 1+1 units and four (4) 2+1 units and select units feature updated kitchens and newer flooring
  • Twelve (12) covered and gated parking spaces
  • New windows and newer roof, updated electrical system completed in 2024 & is separately metered for gas and electricity with individual water heaters
  • Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood!

OVERVIEW

7253–7257 Vineland Avenue is a charming 12-unit multifamily property consisting of two adjacent six-unit buildings located in Sun Valley. The property offers a combined 8,144 square feet of living space on a 12,482 square foot LAR3-zoned lot and was built in 1953. The two-story buildings feature a desirable unit mix of eight (8) one-bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units, evenly distributed between the two buildings with six (6) units each. The property provides twelve (12) covered and gated parking spaces and has undergone several recent improvements, including new windows, a newer roof, and updated electrical systems completed in 2024. Units are separately metered for gas and electricity with individual water heaters, and select residences feature modernized kitchens, updated flooring, and abundant natural light throughout. Located in the Sun Valley/North Hollywood area of Los Angeles, the property benefits from a highly accessible and amenity-rich setting. Rated “Very Walkable” with a Walk Score of 71, residents enjoy convenient proximity to major retail and dining destinations, including nearby shopping centers, restaurants, and everyday conveniences along Vineland Avenue and Sherman Way. The property is situated near key employment hubs such as the Burbank media and entertainment corridor, including studios and production facilities, as well as the Hollywood Burbank Airport and the NoHo Arts District. Residents also benefit from excellent transportation connectivity, with quick access to the 5, 170, and 101 freeways and multiple Metro bus lines serving the surrounding area. Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood! The property is located within the city of Los Angeles and is subject to Rent Control.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,333

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,242 SF

ZONING

LAR3

APN/PARCEL ID

2315-025-040,2315-025-041

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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