CA > Los Angeles
Los Angeles, CA 90019,1651 Vineyard Ave
Los Angeles, CA 90019,1651 Vineyard Ave
Los Angeles, CA 90019,1651 Vineyard Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,100,000
Est. payment /mo
6,059 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,059 sqft

Price per Sqft $181

MLS Listing ID 25544861

Year Built 1965

Lot Size 6,998 Sqft

Acres 0.1607

Property Sub-Type Multi-Family

Property Description

1651 Vineyard Avenue is a multifamily property constructed in 1965 on a 6,998square foot lot, with a total building size of 4,346 square foot. The propertyfeatures a well-maintained structure with controlled access and is separatelymetered for utilities.The property boasts an attractive unit mix of 5 two-bedroom/one-bathroomand 1 one-bedroom/one-bathroom unit. While the current management hasmaintained the property diligently, many tenants are long-term residents, andcurrent rents are approximately 77% on average below market rates. A newowner can capitalize on this opportunity by adjusting rents to market levelsupon vacancies and implementing targeted renovations to further increase revenue potential. Situated in a thriving neighborhood, 1651 Vineyard Avenue is within closeproximity to a variety of local amenities, including shopping centers,restaurants, parks, and entertainment venues. Given the property's strong fundamentalssuch as its favorable unit mix, solidconstruction, and exceptional location1651 Vineyard Avenue represents acompelling investment opportunity for those seeking growth, stability, and ahedge against inflation in the vibrant Los Angeles market.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning RD 1.5-1-O

Rooms

Other Rooms None

Interior

Heating None

Cooling Wall Unit(s)

Equipment None

Laundry None

Exterior

Parking Features None

Garage Spaces 6.0

Pool None

Roof Type Flat

Building

Story 1

Sewer Public Hookup Available

Water Public

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CBRE

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