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Listing Details

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School Ratings & Info

Description

401 N. Vista, a pristine owner/user triplex with a value-add ADU opportunity located in the heart of the Fairfax District. Located one-mile from The Grove, this turnkey triplex is located in a 'Grade A' rental market that is consistently sought-after by high-income young professionals. The 5,257 SF building sits on a spacious corner lot and consists of (1) 3+3 townhouse, (1) 2+2.5 townhouse and (1) 2+2 townhouse. Please note, the 2+2.5 owner's unit may be delivered vacant upon COE. Additionally, ADU renderings and information can be found in the photos and marketing package (buyer to verify). Renovated to the studs in 2017, each garden-style townhouse features high ceilings, large picture windows, a modernized open-concept kitchen with custom cabinets and quartz countertops, a seated bar area and spacious dining room. Each unit features its own private outdoor area and shared access to a large rooftop deck perfect for outdoor entertainment and relaxation. With strong rental income and a trendy location that is consistently under high demand among high-earning young professionals, 401 N. Vista Street presents investors with the opportunity to acquire a turnkey owner/user asset in the historic Fairfax District.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T15:42:42.06. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/120225459
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401 N Vista St Los Angeles, CA 90036

  • Price: $3,375,000
  • Status: Active
  • Updated: 69 min ago
  • MLS #: 21-769812
7
Beds
0
Baths
0
½ Baths
0.16
Acres
5,257
SQFT
$642
$/SQFT
1929
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
401 N. Vista, a pristine owner/user triplex with a value-add ADU opportunity located in the heart of the Fairfax District. Located one-mile from The Grove, this turnkey triplex is located in a 'Grade A' rental market that is consistently sought-after by high-income young professionals. The 5,257 SF building sits on a spacious corner lot and consists of (1) 3+3 townhouse, (1) 2+2.5 townhouse and (1) 2+2 townhouse. Please note, the 2+2.5 owner's unit may be delivered vacant upon COE. Additionally, ADU renderings and information can be found in the photos and marketing package (buyer to verify). Renovated to the studs in 2017, each garden-style townhouse features high ceilings, large picture windows, a modernized open-concept kitchen with custom cabinets and quartz countertops, a seated bar area and spacious dining room. Each unit features its own private outdoor area and shared access to a large rooftop deck perfect for outdoor entertainment and relaxation. With strong rental income and a trendy location that is consistently under high demand among high-earning young professionals, 401 N. Vista Street presents investors with the opportunity to acquire a turnkey owner/user asset in the historic Fairfax District.
Exterior Features

Cross Streets N. Vista Street And Oakwood Avenue Lot Size Area 7115 Other Structures None Parking Garage GarageUncovered Total Parking 6

Interior Features

Baths Total 7.50 Common Walls Attached Cooling Central Equipment Built-InsDishwasherDryerWasherStackable W/D HookupCeiling Fan Flooring TileCarpetWood Heating Central Laundry In Unit

Property Features

Gross Income 204684 Gross Operating Income 199055 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 148458.00 Number Of Buildings 1 Number Of Units 3 Property Condition Updated/Remodeled Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 50597 Type Of Units Townhomes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T15:42:42.06. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211