NOT LISTED FOR SALE

2322 Vineyard Ave Los Angeles, CA 90016

Mid-City Neighborhood
9 Beds
9 Baths
4,640 Sq Ft
7,936 Sq Ft Lot

Last Sold August 25, 2021

Last sale price $1,920,000 $414 Per Sq Ft

7 Days on Market

About This Home

As of August 2021

We are proud to present our latest investment opportunity located at 2322 Vineyard Avenue. This 8 unit property has strong cash flow from Day 1, with upside for a new owner. Units are individually metered for gas and electricity, and there are plans for two additional ADUs in the back portion of the lot! The Mid City area is growing in popularity each year, and is close to West Adams, Culver City, Koreatown, Downtown, and many other exciting areas!

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 05/28/2021

Keller Williams South Bay

Last Buyer's Agent

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 05/28/2021

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,936 Sq Ft Lot
  • No Common Walls

Home Design

  • 4,640 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 4660
  • Assessor Parcel Number 5061027059

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $62,702
  • Operating Expense $62,702
  • Gross Income $161,886
  • Net Operating Income $99,546

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 4.52
  • Property Attached: No
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5061027059
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 413.79

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7936.00
  • Lot Size Acres: 0.1822

Multi Family

  • Gross Income: 161886.00
  • Gross Multiplier: 13.59
  • Gross Scheduled Income: 161886.00
  • Lot Size Area: 7936.0000 Square Feet
  • Net Operating Income: 99546.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 62702.00
  • Other Expense: 62702.00
  • Other Expense Description: Contact
  • Other Income Description: Contact for more inc/exp info
  • Rent Control: Yes
  • Total Expenses: 62702.00

Tax Info

  • Tax Census Tract: 2186.00
  • Tax Lot: 35
  • Tax Tract Number: 4660

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2021 08/25/21 Sold $1,920,000 -12.7% $414 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $2,200,000 +120.0% $474 / Sq Ft
02/29/2016 02/29/16 Sold $1,000,000 -20.0% $216 / Sq Ft View Prior Sale
01/20/2016 01/20/16 Pending -- -- --
03/07/2015 03/07/15 For Sale $1,250,000 -- $269 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joshua Cohen

    Keller Williams South Bay

    Section Image

  • T

    Seller's Agent in 2016

    Tru Le

    Professional R.E. Center, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21115082

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90016 Mid-City

2322 Vineyard Ave, Los Angeles, CA

Not Listed for Sale

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