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1609 Vineyard AveAvailable Space

1609 Vineyard Ave, Los Angeles, California 90019

1609 Vineyard Ave space for

Last Updated: 11/02/2019
Property Type:Space
Listing Type:
Size:Contact
Rate:$999,000.00
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1609 Vineyard Ave - Image 1

Listing Overview

Listing Description

Proudly presenting this well-located Mid-City LA triplex listing at 1609 Vineyard Avenue, LA 90019. Featuring a detached 3+2 front home currently renting for $1,248/mth; a studio unit renting for $625/mth, and a 1+1.5 detached rear home that’s currently vacant with approx. 1,812 total rentable SF. The property is located on a large 7,499sf lot zoned R1.5, which also would allow an investor to add more units or potentially fully redevelop the site with 4+ new townhouse units. Also located in a TOC Tier 2 area for a potential 60% density bonus. New construction small lot projects have been selling quickly within blocks of the subject property for $1-$1.1M recently with further local growth expected. Fantastic Mid-City location at the heart of the action with easy access to West LA; Culver City; Downtown LA & Hollywood. Also only a few minutes walk to the Mid-Town Shopping Center featuring a ton of great national retailers; restaurants & shops including: Ross; Chase Bank; PetSmart; Starbucks; Wells Fargo & Panda Express to name a few. Also very close to a large Ralph’s Grocer; CVS Pharmacy, and Planet Fitness. This 1609 Vineyard triplex provides a good value-add opportunity for an investor & also for an owner-user buyer with the ability to owner-occupy the vacant 1 Bedroom unit & also have solid rental income from the two other units to help pay your mortgage., Investment Highlights: • Well-located Mid-City Triplex steps from the new 315,683sf Lowe’s anchored Mid-Town Shopping Center • Fixer triplex with a front detached 3+2 house; a middle studio unit & a rear detached 1+1.5 unit (delivered vacant) • Redevelopment opportunity on a large 7,499sf lot zoned RD1.5 allowing for 4+ new townhome units by right & potentially significantly more units given the TOC Tier 2 designation & associated 60% density bonus… New construction townhomes have been selling quickly for $1.1M in the immediate area! • One unit will be delivered vacant also presenting a great owner-user opportunity to occupy that unit & have solid income from the two rental units to assist with your mortgage payment

Listing Details

Property Type:Space
Listing Type:
Size:Contact
Rate:$999,000.00
Floor Number:None
Primary Use:Multifamily

Building Overview

Building Details

Primary Use:Multifamily
Year Built:1917
Class:
Size:1,812 SF

Location

1609 Vineyard Ave, Los Angeles, California 90019

Contact

Matt Dunfrund

Senior Associate

mattd@lyonstahl.com

Direct: 424-330-2015

Listing Inquiry