2008 Vineyard Avenue
Los Angeles, CA 90016
Active for $1,899,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 6,445 sqft
| MLS | BB24190340 |
| Year Built | 1949 |
| Property Type | Quadruplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,899,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,445 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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!
Listing information courtesy of: Elizabeth Maddox, Myunits.com Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Nicole Pratt
REALTOR®
Direct: 661.480.4954
Email: Email Me
DRE: 01951107
DRE #01873088
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