Los Angeles, CA 90016 2008 Vineyard Avenue
$1,899,000
26 more
Presented By: Elizabeth Maddox with Myunits.com Inc.; 818-850-8485
Home Details
2008 Vineyard Ave is a fully renovated fourplex (triplex + ADU) in the highly desirable Mid-City/West Adams Adjacent neighborhood, offered at an unbeatable price of $1,899,000. Situated on a picturesque, palm tree-lined street just off trendy Washington Blvd, this charming property is perfect for owner-occupiers, 1031 exchange buyers, and investors alike. Notably, one of the 1-bedroom units is currently occupied at $2,295/month, but there is potential for it to be delivered vacant, making this an ideal opportunity for an owner/investor. The fully renovated front duplex features a spacious 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit. The back renovated SFR + brand new ADU includes two well-designed 1-bedroom, 1-bathroom units. Each unit has been extensively renovated to appeal to the contemporary renter, featuring low-maintenance luxury vinyl flooring, quartz countertops, modern interior f inishes, full tub/shower bathrooms, energy-efficient LED lighting, stainless steel appliances, and in-unit washer and dryers. The property also comes with numerous upgrades, including new plumbing, tankless water heaters, electrical, HVAC, and separately metered units—so the owner pays no utility costs. With a significant shortage of fourplex inventory under $2 million, this property is priced to sell fast at $1,899,000. The combination of the charming residential neighborhood, the rare, stabilized cap rate of 5.31%, and extensive renovations make 2008 Vineyard Ave an ideal investment opportunity that won’t last long. Located in one of LA’s most up-and-coming areas, this exceptional property is poised to deliver significant appreciation—act quickly before rates come down and prices go up!
Presented By: Elizabeth Maddox with Myunits.com Inc.; 818-850-8485
Interior Features for 2008 Vineyard Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, Inside
Total Stories2
Other Rooms
Entry Level1
General for 2008 Vineyard Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, GasOven, GasRange, Microwave, Refrigerator, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.31
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CountyLos Angeles
Days on Market1
DirectionsHeading West on W Washington Blvd turn left onto Vineyard Ave. Property is on your right.
ElectricStandard
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income135372.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2142.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Lot Size Square Feet6445.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense1500.0
MobileHomeRemainsYNNo
Net Operating Income100839.0
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
Operating Expense29119.0
Pool FeaturesNone
Private PoolNo
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount22777.0
Tax Lot150
Taxes$22,777
Tenant PaysAllUtilities
TermsSubmit
Total Actual Rent11481.0
Trash Expense0.0
ViewNeighborhood
View Y/NYes
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense1500.0
Waterfront Y/NNo
Year Built1949
Year Built SourceAssessor
ZoningLARD2
Exterior for 2008 Vineyard Avenue
Building Area Total2856.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, Landscaped
Lot Size Acres0.148
Lot Size Area6445.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesAssigned, Driveway
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480