1651 Vineyard Avenue, Los Angeles, CA 90019 - Berkshire Hathaway HomeServices California Properties

1651 Vineyard Avenue, Los Angeles, CA 90019

$1,100,000 Approx. USD 0 beds, 0 baths
6,059 sqft

Listing Agent


Jenny Eng | jenny.eng@CBRE.com
Lic#: 01931224
Broker: Courtesy of CBRE

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25544861
Price: $1,100,000
Beds: 0
Baths: 0
Built in 1965
6,059 sqft
1 story
0.16 acres
Lot size: 0.1607
County: Los Angeles
Zoning: RD 1.5-1-O
Parking description: None
Heating description: None
MLS area: C16 - Mid Los Angeles

Last Updated: 5/29/2025

 Days On Market (DOM): 53

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.044724, -118.338054.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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