461 Vista StLos Angeles, CA 90036

Property Details for 461 Vista St

Year built

1939

Property size (Sq ft)

4,112 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This 3-unit apartment building presents a compelling value-add investment opportunity in Los Angeles' desirable Fairfax neighborhood. The property boasts 4,112 square feet of net rentable space situated on a 6,105 square foot lot. Built in 1939, the two-story building currently enjoys 100% occupancy, generating a current NOI of $68,670, representing a 3.12% cap rate. Pro forma projections indicate a potential NOI of $82,398 and a 3.75% cap rate, suggesting significant upside. The unit mix includes two 2-bedroom, 1-bathroom units and one 2-bedroom, 2-bathroom unit, each offering substantial living space. Its prime location offers convenient access to The Grove, Pan-Pacific Park, and other key Los Angeles attractions. The property is zoned LARD1.5 and features a total of 4,112 square feet, priced at $535.02 per square foot and $733,333.33 per unit. The asking price for this exceptional investment is $2,200,000. The property's strong performance and potential for increased profitability make it an attractive addition to any investment portfolio. The APN is 5526-032-002.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.08

Longitude

-118.352

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