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1317 N Vista St
Los Angeles, CA 90046
30 Units | No LA City Rent Control · Multifamily Property For Sale
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30 Units
Investment Highlights
- Built in 1988, this property is not subject to LA City rent control, allowing for annual rent increase of 5% plus CPI (currently 10%)
- Located just north of Plummer Park on Fountain Ave (between Fairfax and La Brea) and adjacent to the city of West Hollywood
- Property amenities include 2 parking garages with approx. 51 spaces, laundry room on every floor, elevator, controlled access and an entry lobby
- Approx. 33% rental upside, future owner could operate property at approx. 6% CAP and 11.95 GRM based on market rents
- Enticing unit mix featuring (18) 2-bdrm. and 2-bath units, (6) 1-bdrm. units and (6) studio units. All units are equipped with a fireplace and balcony
Property Facts
| No. Units | 30 | Building Size | 25,014 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1988 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | LAR3 | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 25,014 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1988 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Stainless Steel Appliances
- Carpet
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | $2,435 | - |
| 1+1 | 6 | $1,855 | - |
| Studios | 6 | $1,575 | - |
Property Taxes
| Parcel Number | 5550-023-029 | Improvements Assessment | $3,073,972 |
| Land Assessment | $1,560,034 | Total Assessment | $4,634,006 |
Property Taxes
Parcel Number
5550-023-029
Land Assessment
$1,560,034
Improvements Assessment
$3,073,972
Total Assessment
$4,634,006
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