1651 Vineyard Avenue is a multifamily property constructed in 1965 on a 6,998square foot lot, with a total building size of 4,346 square foot. The propertyfeatures a well-maintained structure with controlled access and is separatelymetered for utilities.The property boasts an attractive unit mix of 5 two-bedroom/one-bathroomand 1 one-bedroom/one-bathroom unit. While the current management hasmaintained the property diligently, many tenants are long-term residents, andcurrent rents are approximately 77% on average below market rates. A newowner can capitalize on this opportunity by adjusting rents to market levelsupon vacancies and implementing targeted renovations to further increase revenue potential. Situated in a thriving neighborhood, 1651 Vineyard Avenue is within closeproximity to a variety of local amenities, including shopping centers,restaurants, parks, and entertainment venues. Given the property’s strong fundamentalssuch as its favorable unit mix, solidconstruction, and exceptional location1651 Vineyard Avenue represents acompelling investment opportunity for those seeking growth, stability, and ahedge against inflation in the vibrant Los Angeles market.
Property Details
Price:
$1,100,000
MLS #:
25544861
Status:
Active
Baths:
0
Address:
1651 Vineyard Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Apr 28, 2025
State:
CA
ZIP:
90019
Lot Size:
6,998 sqft / 0.16 acres (approx)
Year Built:
1965
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Schools
Interior
Appliances
None
Heating
None
Exterior
Parking Features
None
Parking Spots
6.00
Pool Features
None
Sewer
Other
Spa Features
None
Stories Total
1
Financial
Map
Community
- Address1651 Vineyard Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1651 Vineyard Avenue
Los Angeles, CA
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