749 Vista Street , Los Angeles, CA - 90046 is For Sale

  • 24451607
  • 24451607
  • 24451607
  • 24451607
  • 24451607
  • 24451607
  • 24451607
  • 24451607
  • 24451607
  • 24451607
$1,525,000· Income property

Description

We are pleased to present the exclusive listing of 749 North Vista Street and 7456 Waring Avenue. This duplex built in 1924, totaling 2,263 rentable square feet on a 6,204 square foot lot. This attractive duplex property features two separate houses, each with two bedrooms and one bathroom. The property includes an additional structure which is being used as a recreation room equipped with existing plumbing and electrical, presenting the opportunity to convert it into an Accessory Dwelling Unit (ADU) for added rental income. Both houses are separate structures and designed for convenience with dual entry and in-unit washer and dryers, enhancing tenant appeal. The house on Waring boasts central air conditioning, ensuring comfort, newer windows and an updated kitchen. The property also boasts a two-car garage. Significant upgrades have been made throughout the property, including a complete re-piping with copper plumbing, complete heaters, and electrical system enhancements. The flat roof is in good condition, minimizing immediate maintenance concerns. The property is ideally located in the vibrant Hollywood Hills West neighborhood of Los Angeles, just a short distance from the bustling intersection of Melrose Avenue and Fairfax Avenue. This prime location offers residents a rich mix of urban amenities, trendy shops, and a diverse culinary scene, making it a desirable area to live. The property is situated near Fairfax High School, adding to its appeal for families and students. The neighborhood is known for its artistic vibe, with a variety of boutiques, cafes, and restaurants within walking distance. Residents can enjoy the eclectic atmosphere of Melrose Avenue, famous for its unique shops and lively street art. Additionally, the area is well-connected to public transportation options, providing easy access to other parts of Los Angeles. Major thoroughfares nearby facilitate convenient commutes to downtown and other key destinations. With its desirable features and potential for additional income through an ADU, 749 North Vista Street and 7456 Waring Avenue is well-positioned for strong rental demand. The combination of the sought-after neighborhood, modern amenities, recent upgrades, and potential for future growth makes this property a compelling investment opportunity in a vibrant Los Angeles market.

Features

MLS#: 24451607
List Price : $1,525,000
Total Units : 2
CAP rate : $2.39
Gross Operating Income : $64,424
Net Operating Income : $36,441
Sq M : 577 M2
Year Built : 1924
Days on market : 28 Days
Gross taxes : N/A
Address : 749 Vista Street
City : Los Angeles
State : CA
Zip Code : 90046
Neighborhood : N/A
Stories : 1
Parking Features : Garage - Two Door
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,525,000
Acres : 0.1425
Lot Dimensions : 50x124
Lot Size (Acres) : 0.1425
Heating : Central
Parking Features : Garage - Two Door
Driving Directions : Corner of Vista and Waring
 
Courtesy of : Eliyahu Appel , Marcus & Millichap

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