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Multifamily

1257 N Vista St

1257 N Vista St, West Hollywood, CA 90046

Listing Price: $1,350,000

Cap Rate
1.69%
Number of Units
3
Price/Unit
$450,000
Price/Gross SF
$523.66
Gross SF
2,578

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1257 North Vista Street, a three-unit multifamily investment opportunity located in the supply constrained city of West Hollywood. The property features 2,578 square feet of gross rentable area, situated on a 6,769-square foot lot. The three-unit building is composed of two one-bedroom/one-bathroom units and one three-bedroom/two-bathroom unit. The building is well-maintained and offers on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Gardner Street to the west and Fuller Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1257 North Vista Street offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1257 North Vista Street offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Investment Highlights

  • 3 Units (House + Duplex) in Prime West Hollywood Location!
  • Front House Offers 2 Stories | 3 Bdr + 2 Bath and Office Layout with Newer Appliances and Private Yard.
  • Excellent Unit Mix Offering One-Bedroom and Three-Bedroom Units - Well Suited for Today's Market.
  • Most Units Have Washer/Dryer in Unit!
  • Amazing Owner-User Opportunity!
  • Future Potential to Add ADU's!
  • 1257 North Vista Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. Over 100%.
  • Charming 1920's Construction.

Exclusively Listed By

Financing By

Listing Price: $1,350,000

Cap Rate
1.69%
Number of Units
3
Price/Unit
$450,000
Price/Gross SF
$523.66
Gross SF
2,578

Investment Highlights

  • 3 Units (House + Duplex) in Prime West Hollywood Location!
  • Front House Offers 2 Stories | 3 Bdr + 2 Bath and Office Layout with Newer Appliances and Private Yard.
  • Excellent Unit Mix Offering One-Bedroom and Three-Bedroom Units - Well Suited for Today's Market.
  • Most Units Have Washer/Dryer in Unit!
  • Amazing Owner-User Opportunity!
  • Future Potential to Add ADU's!
  • 1257 North Vista Street Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. Over 100%.
  • Charming 1920's Construction.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1257 North Vista Street, a three-unit multifamily investment opportunity located in the supply constrained city of West Hollywood. The property features 2,578 square feet of gross rentable area, situated on a 6,769-square foot lot. The three-unit building is composed of two one-bedroom/one-bathroom units and one three-bedroom/two-bathroom unit. The building is well-maintained and offers on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Gardner Street to the west and Fuller Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1257 North Vista Street offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1257 North Vista Street offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Exclusively Listed By

Financing By

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