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$3,995,000
33 Days Online

2016 N Vista Del Mar Avenue
Los Angeles, CA 90068

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Courtney Pickard of Compass ?

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310-995-6273
2016 N Vista Del Mar Avenue2016 N Vista Del Mar Avenue2016 N Vista Del Mar Avenue2016 N Vista Del Mar Avenue
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Monthly Payment (Est.)

$18,227
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

WOW! 5.2% CAP rate, with market rate rents in a fully renovated, turnkey bungalow court on a rare, oversized double lot. We've just reduced this trophy property over $800,000 and the price is right, right now! Ownership and cash flow is a breeze with new market rate renters in 6 fully renovated units. 2016 Vista Del Mar is a boutique collection of 6 newly reimagined bungalows in the Hollywood Hills. AIH Development presents a modern take on LA's quintessential courtyard residences, providing a best-in-class turnkey investment property for a discerning portfolio. Behind a sleek exterior of custom milled cedarwood and iron fencing, with keyless entry, automatic driveway gate, and Door Bird guest communications system, the residences are centered around a serene landscaped and lighted courtyard. With a muted palette and clean architecture, four traditional 1 bedroom bungalows are each equipped with their own unique outdoor spaces ranging from side patios to private grassy yard spaces. A spacious 2 bedroom, 2.5 bathroom "Owner's Unit" is large standalone home, and a private 1 bedroom + office unit offers a lovely flow and private back yard. No expense was spared in the modernization of this complex. From stucco to windows, doors, roofs, water lines, sewer, electrical, and HVAC, each structure has been meticulously rebuilt with energy efficiency, longevity, and ease of maintenance in mind. The interiors provide a luxe and elevated style of living, with 7" wide white oak engineered hardwood flooring, shadow box moldings, custom window treatments and solid wood Dutch doors. Finishes surprise and delight, showcasing a rare attention to detail and quality. Kitchens feature Caesarstone countertops, custom white oak cabinetry with soft close drawers, Bosch and GE Cafe appliances. The bathrooms offer Grohe and Toto fixtures with playful designer tile. Each unit is complete with custom millwork closets, LG washers and dryers, along with individual Post Alarm systems and energy efficient central HVACs. Covered parking for 7 vehicles features EV charging capabilities individually metered for each unit. An incredibly rare trophy property for investors seeking for top-rate market rents, steady cash flow, and easy maintenance. Nestled on a quiet street just north of Franklin Ave. at the base of the Hollywood Hills, you are moments from Franklin Village, Gelson's Market, shopping, the 101 freeway, offices, restaurants, and entertainment in Hollywood, and miles of trails and recreation in Griffith Park.

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Listing Snapshot
Price 
$3,995,000
Days Online 
33 Days
Bedrooms 
7
Inside Area (SqFt) 
4,492 sqft
Total Baths 
8
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2816 Acres
Year Built 
1921
MLS® Number 
24394545
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Style 
Bungalow
Parking 
AssignedDetached CarportElectric Gate
Parking Spaces 
7
Number of Stories 
1
Acreage 
0.2816
Attached Garage 
No
Zoning 
LARD1.5
Listing Conditions 
Standard
Interior Features
Cooling 
Central Air
Heating 
Central
Appliances 
DishwasherDisposalRefrigeratorDryerWasher
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Community Features
Senior Community 
No
MLS Area 
C30 - Hollywood Hills East


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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