• Asking Price $3,995,000
  • Estimated Value: $2,963,285

  • 2016 N VISTA DEL MAR AVE LOS ANGELES, CA 90068

  • 7 Beds 7 Baths 4,492 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 2016 N VISTA DEL MAR AVE, LOS ANGELES, CA 90068

Features

  • Price/sqft: $889
  • Lot Size: 12263 sq. ft.
  • Total Units: 6
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Heating: Central Furnace
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1921
  • Property ID: 867557697
  • MLS Number: 24-394545
  • Parcel Number: 5586-003-010
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Legal Description: ARVADDIE TRACT LOTS 4 AND LOT/SEC 6
  • Zoning: LARD1.5
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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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Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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