For Sale
$1,525,000

749 Vista StLos Angeles, CA 90046

Two-unit, 2,263 sq ft, high-potential income

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1924 Hollywood Hills West duplex offers 2,263 rentable square feet on a 6,204 square foot lot. The property comprises two separate houses, each featuring two bedrooms and one bathroom, and includes an additional structure suitable for conversion into an Accessory Dwelling Unit (ADU), significantly increasing rental income potential. Both units boast dual entry and in-unit washer/dryers. One unit features central air conditioning, newer windows, and an updated kitchen. Significant recent upgrades include complete copper re-piping, new water heaters, and electrical system enhancements. The flat roof is in good condition. The property benefits from a two-car garage. Located near Melrose & Fairfax Avenues, this prime location offers easy access to shops, restaurants, and public transportation. Its proximity to Fairfax High School adds to its appeal. The current occupancy is 100%, generating a NOI of $36,441, with a pro-forma NOI of $72,691. This presents a compelling investment opportunity in a vibrant Los Angeles market, with a current cap rate of 2.39% and a pro-forma cap rate of 4.77%. The asking price is $1,525,000, or $762,500 per unit.

Highlights

  • 1924 Hollywood Hills West duplex; 2,263 rentable sq ft on a 6,204 sq ft lot. Two 2 bed/1 bath units.
  • Existing structure suitable for ADU conversion, increasing rental income.
  • Recent upgrades include copper repiping, new water heaters, electrical enhancements, and a flat roof in good condition.
  • Prime location near Melrose & Fairfax Avenues, close to shops, restaurants, and public transportation. Near Fairfax High School.
  • 100% occupancy, $36,441 NOI, $72,691 pro-forma NOI; $1,525,000 asking price ($762,500 per unit); 2.39% current cap rate, 4.77% pro-forma cap rate.

Property Details for 749 Vista St

Property type
Apartment buildings
Square Feet
2,263 SF
Year Built
1924
Units
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0851901
Longitude
-118.3525401
749 Vista St, Los Angeles, California

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749 Vista St
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