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SOLD 8/25/2021

2322 Vineyard Avenue, Los Angeles, CA 90016$1,920,000

9
beds
9
baths
4640
ft2
· 7936
ft2 lot
$474 / ft2

Listing provided courtesy of Listing Broker: Josh Cohen, Keller Williams Beach Cities
Source CRMLS;
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We are proud to present our latest investment opportunity located at 2322 Vineyard Avenue. This 8 unit property has strong cash flow from Day 1, with upside for a new owner. Units are individually metered for gas and electricity, and there are plans for two additional ADUs in the back portion of the lot! The Mid City area is growing in popularity each year, and is close to West Adams, Culver City, Koreatown, Downtown, and many other exciting areas!

HOA

$—/month

On market

7 days

Year built

1924

Property type

Multi-Family

Parking

MLS

SB21115082

Price / Sq.Ft.

$474 / ft2

Status

Closed

Home details for 2322 Vineyard Avenue

Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 4640.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LARD2
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Near Public Transit
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1822
•   
Lot Size Area: 7936.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 9
•   
Number Of Separate Gas Meters: 9
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Other Expense Description: Contact
•   
Other Expense: 62702.00
•   
Cap Rate: 4.52
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Professional Management Expense: 0.00
•   
Other Income Description: Contact for more inc/exp info
•   
Total Expenses: 62702.00
•   
Gross Scheduled Income: 161886.00
•   
Operating Expense: 62702.00
•   
Gross Multiplier: 13.59
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 161886.00
•   
Tax Year: 2020
•   
Taxes: 14059.0
Lease Info
•   
Net Operating Income: 99546.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1474.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1474.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1526.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1526.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1609.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1609.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 0.00
•   
Unit 8 Actual Rent: 1768.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1768.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1668.00
•   
Unit 1 Total Rent: 1668.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1700.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1700.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1650.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1650.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 8
Unit 6 Information
•   
Unit 6 Actual Rent: 2095.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 2095.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 2
School Neighborhood & Directions
Location
•   
Community Features: Urban
School Info
•   
Directions: Near 10 Freeway
Other
Calculation
•   
Dom: 7
•   
Cdom: 7

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Mid City
40
Properties for sale
12
Median days on market
$617.94
Median sold price/sqft
103.54%
Sold/List %
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walk score® :

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bike score® :

Property History for 2322 Vineyard Avenue

08/25/2021
08/25/2021
CRMLS #SB21115082
sold
CRMLS #SB21115082
$2,200,000
+14.58%
08/24/2021
08/24/2021
Public Record
sold
Public Record
$1,920,000
--12.73%
06/04/2021
06/04/2021
CRMLS #SB21115082
pending
CRMLS #SB21115082
$2,200,000
05/28/2021
05/28/2021
CRMLS #SB21115082
active
CRMLS #SB21115082
$2,200,000
+120.00%
02/24/2016
02/24/2016
Public Record
sold
Public Record
$1,000,000

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