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1943 Vista Del Mar Ave 8 Unit Apartment Building $3,288,000 ($411,000/Unit) 6.05% Cap Rate Los Angeles, CA 90068
Investment Highlights
- Assumable Loan @ 3.75% Interest Rate until May 1st, 2029.
- Full Exterior Refresh
- Copper Plumbing & Updated Electrical
- 1981 Built and NON-RSO. Only Subject to CA AB1482
- Very low expenses to operate
- New Stucco and Insulation Installed in 2003
Executive Summary
1943 Vista Del Mar is a 8-unit apartment building consisting of (5) Townhome Style two-bedroom, two-bath units and (3) one-bedroom, one-bath units. Spacious layouts, tall cathedral like heigh ceilings with plenty of natural light. PLEASE REACH OUT TO ANDREW AS POINT OF CONTACT.
Just down the hill, Franklin Village provides an established neighborhood amenity base with Gelson's Market, Birds, cafés, restaurants, and daily conveniences. The property's location allows residents to enjoy these amenities within minutes while maintaining the quieter residential character of Vista Del Mar Avenue.
The surrounding area is also home to an exceptional concentration of Los Angeles landmarks and entertainment destinations. The Hollywood Bowl, Pantages Theatre, Capitol Records Building, Hollywood Tower, Argyle Castle, and Hollywood Walk of Fame/entertainment district are all within close proximity. The Hollywood Sign and Griffith Observatory further reinforce the property's position at the intersection of Hollywood's cultural identity and the area's extensive recreational amenities.
1943 Vista Del Mar Avenue represents a rare opportunity to own within one of Hollywood's most distinctive residential enclaves—where the privacy and character of hillside living converge with the accessibility and energy of central Hollywood.
Just down the hill, Franklin Village provides an established neighborhood amenity base with Gelson's Market, Birds, cafés, restaurants, and daily conveniences. The property's location allows residents to enjoy these amenities within minutes while maintaining the quieter residential character of Vista Del Mar Avenue.
The surrounding area is also home to an exceptional concentration of Los Angeles landmarks and entertainment destinations. The Hollywood Bowl, Pantages Theatre, Capitol Records Building, Hollywood Tower, Argyle Castle, and Hollywood Walk of Fame/entertainment district are all within close proximity. The Hollywood Sign and Griffith Observatory further reinforce the property's position at the intersection of Hollywood's cultural identity and the area's extensive recreational amenities.
1943 Vista Del Mar Avenue represents a rare opportunity to own within one of Hollywood's most distinctive residential enclaves—where the privacy and character of hillside living converge with the accessibility and energy of central Hollywood.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,288,000 | Apartment Style | Low-Rise |
| Price Per Unit | $411,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.05% | Building Size | 6,600 SF |
| Gross Rent Multiplier | 12.47 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | R3-2, Los Angeles | ||
| Price | $3,288,000 |
| Price Per Unit | $411,000 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| Gross Rent Multiplier | 12.47 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3-2, Los Angeles |
Amenities
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 725 - 750 |
| 2+2 | 5 | - | 900 |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5586-006-008 | Improvements Assessment | $201,943 |
| Land Assessment | $302,925 | Total Assessment | $504,868 |
Property Taxes
Parcel Number
5586-006-008
Land Assessment
$302,925
Improvements Assessment
$201,943
Total Assessment
$504,868
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