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Multifamily

749 North Vista Street and 7456 Waring Avenue

749 N Vista St, Los Angeles, CA 90046

Listing Price: $1,525,000

Cap Rate
2.39%
Number of Units
2
GRM
22.96
Occupancy
97.0%
Price/Unit
$762,500
Price/Gross SF
$673.88
Gross SF
2,263

Investment Overview

Marcus & Millichap is 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, new water 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.

Investment Highlights

  • Property Overview: Built in 1924, this attractive duplex spans 2,263 rentable square feet on a 6,204 square foot lot. The property consists of two separate houses, each featuring 2 bedrooms and 1 bath
  • An additional structure recreation room with existing plumbing and electrical provides a valuable opportunity to convert it into an Accessory Dwelling Unit (ADU), enhancing rental income potential.
  • Significant upgrades throughout the property include a complete re-piping with copper plumbing, new water heaters, and enhanced electrical systems. The flat roof is in good condition
  • Located in the vibrant Hollywood Hills West neighborhood, the property is just a short distance from the lively intersection of Melrose Avenue and Fairfax Avenue. This area is known for its eclectic mix of shops, restaurants, and cultural attraction
  • Proximity to Education: The property's location near Fairfax High School increases its appeal to families and students, enhancing tenant demand.
  • Accessibility: The area is well-connected by public transportation, providing easy access to other parts of Los Angeles. Major thoroughfares nearby facilitate convenient commutes to downtown and other key destinations.
  • Investment Potential: The combination of a sought-after neighborhood, recent upgrades, and growth potential makes this property a compelling investment opportunity in a vibrant Los Angeles market.

Exclusively Listed By

Financing By

Multifamily

749 North Vista Street and 7456 Waring Avenue

Listing Price: $1,525,000

Cap Rate
2.39%
Number of Units
2
GRM
22.96
Occupancy
97.0%
Price/Unit
$762,500
Price/Gross SF
$673.88
Gross SF
2,263

Investment Highlights

  • Property Overview: Built in 1924, this attractive duplex spans 2,263 rentable square feet on a 6,204 square foot lot. The property consists of two separate houses, each featuring 2 bedrooms and 1 bath
  • An additional structure recreation room with existing plumbing and electrical provides a valuable opportunity to convert it into an Accessory Dwelling Unit (ADU), enhancing rental income potential.
  • Significant upgrades throughout the property include a complete re-piping with copper plumbing, new water heaters, and enhanced electrical systems. The flat roof is in good condition
  • Located in the vibrant Hollywood Hills West neighborhood, the property is just a short distance from the lively intersection of Melrose Avenue and Fairfax Avenue. This area is known for its eclectic mix of shops, restaurants, and cultural attraction
  • Proximity to Education: The property's location near Fairfax High School increases its appeal to families and students, enhancing tenant demand.
  • Accessibility: The area is well-connected by public transportation, providing easy access to other parts of Los Angeles. Major thoroughfares nearby facilitate convenient commutes to downtown and other key destinations.
  • Investment Potential: The combination of a sought-after neighborhood, recent upgrades, and growth potential makes this property a compelling investment opportunity in a vibrant Los Angeles market.

Investment Overview

Marcus & Millichap is 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, new water 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.

Exclusively Listed By

Financing By

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