Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90019 1651 Vineyard Avenue

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Presented By: Jenny Eng with CBRE;
  • MLS# 25544861
  • 05/28/2025
  • Request Tour
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  • Baths • 6
  • SQFT • 6,059
  • Year Built • 1965

Home Details

1651 Vineyard Avenue is a multifamily property constructed in 1965 on a 6,998square foot lot, with a total building size of 4,346 square foot. The propertyfeatures a well-maintained structure with controlled access and is separatelymetered for utilities.The property boasts an attractive unit mix of 5 two-bedroom/one-bathroomand 1 one-bedroom/one-bathroom unit. While the current management hasmaintained the property diligently, many tenants are long-term residents, andcurrent rents are approximately 77% on average below market rates. A newowner can capitalize on this opportunity by adjusting rents to market levelsupon vacancies and implementing targeted renovations to further increase revenue potential. Situated in a thriving neighborhood, 1651 Vineyard Avenue is within closeproximity to a variety of local amenities, including shopping centers,restaurants, parks, and entertainment venues. Given the property's strong fundamentalssuch as its favorable unit mix, solidconstruction, and exceptional location1651 Vineyard Avenue represents acompelling investment opportunity for those seeking growth, stability, and ahedge against inflation in the vibrant Los Angeles market.
Presented By: Jenny Eng with CBRE;

Interior Features for 1651 Vineyard Avenue

Bedrooms

Total Bedrooms

Bathrooms

Half Baths0
Total Baths0
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

General for 1651 Vineyard Avenue

Additional Parcels Y/NNo
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsRight on the corner of Vineyard Avenue and St. Charles Pl, south of Venice Boulevard.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income87708.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6998.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income47749.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces0.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Year Built1965
ZoningRD 1.5-1-O

Exterior for 1651 Vineyard Avenue

Building Area Total6059.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50x140
Lot Size Acres0.1607
Lot Size Area6998.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking6.0
WaterfrontY/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,100,000
MLS#25544861
List Date 05/28/2025
Property Type Multi-Family
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