$5,400,000

6242 Vineland Ave Los Angeles, CA 91606

North Hollywood Neighborhood

Estimated payment $34,823/month

Total Views 221
4 Beds
5 Baths
14,352 Sq Ft
$376 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Views
  • Central Heating

About This Home

VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 12.10 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, Burbank, and Studio City, as well as nearby shopping, dining, and entertainment venues. The Transit Oriented Community (TOC) Tier 3 designation provides tenants with easy access to public transportation. This well-maintained asset represents a valuable addition to any portfolio, with recent upgrades including a new roof installed in 2022.

PLEASE NOTE: All one-bedroom units are spacious singles with a partition wall converting them into a traditional spacious one-bedroom layouts.
Unit Mix 2 bachelor units (affordable), 14 Singles, 3 two bedroom and two baths.
Other Highlights: Secure parking, central heat, room refrigerated air, In-house laundry (landlord owned).

Listing Agent

Ed Koenig

Ed Koenig IRE Brokerage Phone: 818-755-8088 License #00831815 Listed on: 08/16/2025

Co-Listing Agent

Gina Uzunyan

Koenig Properties Brokerage Phone: 818-755-8088 License #00984953

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 14,352 Sq Ft Home
  • 3-Story Property
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Parking

  • Carport
  • Parking Available
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 2414001036

Community Details

Overview

  • No Home Owners Association
  • 19 Units

Amenities

  • Laundry Facilities

Building Details

  • 17 Leased Units
  • Rent Control
  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • Fuel Expense $3,675
  • Gardener Expense $1,200
  • Insurance Expense $11,500
  • Maintenance Expense $5,000
  • Pest Control $1,104
  • Professional Management Expense $25,189
  • Trash Expense $8,578
  • Water Sewer Expense $18,237
  • Operating Expense $161,268
  • Gross Income $439,644
  • Net Operating Income $284,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Price Per Unit: 284211
  • Professional Management Expense: 25189.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 18237.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2414001036
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 3
  • Levels: Three Or More
  • Price Per Square Foot: 376.25

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Carport, On Site, Uncovered

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Pest Control Expense: 1104.00
  • Sewer: Public Sewer
  • Trash Expense: 8578.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13258.00
  • Lot Size Acres: 0.3044

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 3675.00
  • Gross Income: 439644.00
  • Gross Multiplier: 12.10
  • Gross Scheduled Income: 446244.00
  • Insurance Expense: 11500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 6600.00
  • Lot Size Area: 13258.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 284976.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Units Leased: 17
  • Number Of Units Total: 19
  • Operating Expense: 161268.00
  • Other Expense Description: Manager
  • Other Income Description: Rents plus laundry Income Only
  • Rent Control: Yes
  • Total Actual Rent: 31887.00
  • Total Expenses: 161268.00

Tax Info

  • Tax Census Tract: 1231.04
  • Tax Lot: 101
  • Tax Tract Number: 000

Map

Range of Values:

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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 Change Sq Ft Price
08/16/2025 08/16/25 For Sale $5,400,000 -- $376 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25185222

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 91606 North Hollywood

6242 Vineland Ave, Los Angeles, CA

This home is located at 6242 Vineland Ave, Los Angeles, CA 91606 and is currently priced at $5,400,000, approximately $376 per square foot. This property was built in 1989. 6242 Vineland Ave is a home located in Los Angeles County with nearby schools including Oxnard Street Elementary School, Sun Valley Magnet School, and East Valley Senior High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Ed Koenig
Listing Agent
Ed Koenig
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Ed Koenig IRE
(747) 269-6339