2016 Vista Del Mar Avenue, Los Angeles
Los Angeles Home For Sale
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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90068
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- MLS® #:
- 24394545
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- Bedrooms:
- 4
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- Bathrooms:
- 4
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- Square Ft:
- 4,492
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- Lot Size:
- 0.28
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- Levels:
- One
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 9th, 2024 at 10:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.