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401 N Vista Street

Los Angeles (City), CA 90036
  • $3,225,000
  • STATUS: Active Under Contract
  • ON SITE: 77 Days
  • ID#: 21769812
Under Contract
UPDATED: 26 min ago
$3,225,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Description

*** Recently reduced by $150,000 *** 401 N. Vista, a pristine owner/user triplex with a value-add ADU opportunity located in the heart of the Fairfax District. Located one-mile from The Grove, this turnkey triplex is located in a 'Grade A' rental market that is consistently sought-after by high-income young professionals. The 5,257 SF building sits on a spacious corner lot and consists of (1) 3+3 townhouse, (1) 2+2.5 townhouse and (1) 2+2 townhouse. Please note, the 2+2.5 owner's unit may be delivered vacant upon COE. Additionally, ADU renderings and information can be found in the photos and marketing package (buyer to verify). Renovated to the studs in 2017, each garden-style townhouse features high ceilings, large picture windows, a modernized open-concept kitchen with custom cabinets and quartz countertops, a seated bar area and spacious dining room. Each unit features its own private outdoor area and shared access to a large rooftop deck perfect for outdoor entertainment and relaxation. With a substantial price reduction, a gross rental income over $200K and an outstanding 4.66% CAP rate, this property is one of the top income-producing triplexes in Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T10:25:51.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/120230275
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401 N Vista Street Los Angeles (City), CA 90036

  • Price: $3,225,000
  • Status: Active Under Contract
  • Updated: 26 min ago
  • ID#: 21769812
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1929
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
*** Recently reduced by $150,000 *** 401 N. Vista, a pristine owner/user triplex with a value-add ADU opportunity located in the heart of the Fairfax District. Located one-mile from The Grove, this turnkey triplex is located in a 'Grade A' rental market that is consistently sought-after by high-income young professionals. The 5,257 SF building sits on a spacious corner lot and consists of (1) 3+3 townhouse, (1) 2+2.5 townhouse and (1) 2+2 townhouse. Please note, the 2+2.5 owner's unit may be delivered vacant upon COE. Additionally, ADU renderings and information can be found in the photos and marketing package (buyer to verify). Renovated to the studs in 2017, each garden-style townhouse features high ceilings, large picture windows, a modernized open-concept kitchen with custom cabinets and quartz countertops, a seated bar area and spacious dining room. Each unit features its own private outdoor area and shared access to a large rooftop deck perfect for outdoor entertainment and relaxation. With a substantial price reduction, a gross rental income over $200K and an outstanding 4.66% CAP rate, this property is one of the top income-producing triplexes in Los Angeles.
Exterior Features

Parking Features GarageUncovered Parking Total 6

Interior Features

Appliances DishwasherDryerWasher Cooling Central Air Cooling YN Yes Flooring CarpetTileWood Heating Central Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Garage YN Yes Gross Income 204684 Laundry Features Stacked Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 150258 New Construction YN No Property Condition Updated/Remodeled Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

Listing provided courtesy of Kenny Stevens of Compass and Max Berger of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T10:25:51.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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