749 Vista StLos Angeles, CA 90046
- Residential income properties
- 2,263 SF
Property Details for 749 Vista St
- Year built
- 1924
- Property size (Sq ft)
- 2,263 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].