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$ 3,995,000
Est. payment | /mo
15 Beds
7 Baths
6,104 SqFt
$ 3,995,000
Est. payment | /mo
15 Beds
7 Baths
6,104 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,104 sqft
Price per Sqft $654
MLS Listing ID 26663973
Bedrooms 15
HOA Y/N No
Year Built 1923
Lot Size 0.344 Acres
Property Description
This offering presents a rare multifamily investment opportunity consisting of two contiguous parcels (APNs 4314-015-011 and 4314-015-012) located in the desirable Palms / Mar Vista submarket of West Los Angeles. Situated on approximately 15,000 square feet of land, the property currently consists of two single family homes with 5 residential units. This configuration provides investors with multiple acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy. From a redevelopment standpoint, the property is zoned R3 and located within a TOC Tier 3 Transit Oriented Community area, providing significant development potential. Based on current zoning regulations, the site allows for approximately 20 units by right, with the potential to increase density to approximately 30 to 40 units through the TOC Affordable Housing Incentive Program or California State Density Bonus law, subject to applicable affordable housing requirements. For value-add investors, the property offers immediate upside through renovation and repositioning of the existing seven-unit apartment building. Several units are expected to be delivered vacant at closing, allowing a buyer to capture market rents, modernize interiors, or explore the addition of Accessory Dwelling Units (ADUs) to further enhance long-term income potential. The property also presents a compelling owner-user opportunity, allowing a buyer to occupy one of the residences while generating rental income from the remaining units. The existing improvements include a four-unit property at 3444 Vinton Avenue, anchored by a front three-bedroom residence with three additional two-bedroom units, of which one 2 bedroom unit is currently vacant, and a California Craftsman home at 3450 Vinton Avenue with two additional one-bedroom units above a garage structure of which the house and one of the 1 bedroom units will be delivered vacant. With its combination of redevelopment potential, vacancy upside, and owner-user flexibility, the Vinton Avenue property represents a unique opportunity for investors, developers, and owner-users seeking long-term value in one of West Los Angeles' most established rental markets.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Cooling None
Fireplace No
Exterior
Parking Features Carport
Garage Spaces 4.0
Carport Spaces 5
Garage Description 4.0
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Architectural Style Craftsman
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4314015011
Special Listing Condition Standard
Listed by D. Timothy Byrne Compass #01186465
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