749 Vista StLos Angeles, CA 90046

Property Details for 749 Vista St

Year built

1924

Property size (Sq ft)

2,263 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0852

Longitude

-118.353

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