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3754 Vinton Ave, Los Angeles, CA 90034

Sale Price: $2,250,000
May 7, 20246,570 sqft12 beds9 baths
Listed by: Peter James
License #: 01748556
Phone #: 310-467-7581
Lyon Stahl Investment Real Estate, Inc.
Source:
CRMLS Logo
MLS #: 24389053

Property Description

We are pleased to present 3754 Vinton Ave in the Palms submarket of Los Angeles, adjacent to Downtown Culver City. The subject property is an 8 unit apartment building built in 1957 with an excellent unit mix and spacious units that are laid out over 6,570 square feet and sits on a 7,500 square foot lot. This is an opportunity for an investor looking for a value-add opportunity. With rents approximately 30% below market, an investor will be able to increase cash flow in one of the premier rental pockets in Los Angeles. A buyer will be able to access the upside day one as there are two vacancies currently at the property. The property features ample parking with 10 spaces located in the rear and front of the building. The soft-story retrofit has been completed and the exterior has been nicely landscaped with on-site laundry for tenants. An investor can capitalize on one of the fastest growing submarkets in all of Los Angeles. With tech companies like Amazon and Tik Tok and entertainment companies like Sony a stones throw away, Culver City and Palms is slowly becoming a hub for Tech in the Los Angeles area. It's central location between the mid-cities and the beach cities make this a great rental pocket for renters looking to access all of the major business hubs in the city. Its walking distance to shops, dining, the Expo Line and entertainment make this a "Walker's Paradise" with a near perfect 96 walk score.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$26,217

TurboHome Estimated Value

$2,148,900

$327 sqft

High Valuation
$2,256,345
$343/sqft
Normal Valuation
$2,148,900
$327/sqft
Low Valuation
$2,041,455
$311/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$327/sqft$2,148,900

Neighborhood: Palms

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Comparative Value

$2.25M

$2.55M

3754 Vinton Ave, Los Angeles, CA 90034

Sale Price: $2,250,000

Selected Comparable

3754 Vinton Ave, Los Angeles, CA 90034

List Price: $2,550,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
3754 Vinton Ave, Los Angeles, CA 90034

3754 Vinton Ave, Los Angeles, CA 90034

List: $2,550,000

Listed: 5/7/2024

Area:6,570 sqft
Price/sqft:$388
Beds:12
Baths:9
Year Built:
Lot Size:7,502

Comparable Properties

COMPARABLE
Choose comps
3754 Vinton Ave, Los Angeles, CA 90034

3754 Vinton Ave, Los Angeles, CA 90034

Sale: $2,250,000

9/6/20240.00 mi

Area:6,570 sqft
Price/sqft:$342
Beds:12
Baths:9
Year Built:
Weight:100.0%

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