1957 Vista Del Mar St
Los Angeles, CA 90068
2019 Fourplex in Hollywood Hills! · Multifamily Property For Sale · 4 Units

1957 Vista Del Mar is a new construction fourplex in an A+ Hollywood Hills location with a conservative projected cap rate of 5.26%! There have also been offers from “master lease” companies to rent all four units for as high as $19,000/month (which would bring you to a 5.36% cap rate). Enjoy the stress-free nature of owning a building with NO RENT CONTROL, low vacancy and little to no maintenance! Other perks include: jaw-dropping views of the LA skyline, a 1-year builder’s warranty, brand new EVERYTHING, and separate meters for gas, water & electric. In addition to having the most desirable layout (3-story townhouse style each with a private 2-car garage), the location is unsurpassable. It is situated at the base of the Hollywood Hills, steps north of trendy “Franklin Village” and minutes from Beachwood Canyon! This is the dream location because it offers a perfect balance between extreme walkability and close proximity to multi-million dollar Hills homes. Enjoy being steps from the famous, celebrity packed 101 Diner and Franklin Ave’s countless highly curated shops, restaurants and attractions, such as Bourgeois Pig, Birds, La Poubelle, and the Upright Citizen’s Brigade. The property is made up of two 3b/3.5b units, one 3b/3b unit, and one 2b/2.5b unit. The units feature private 2-car garages, top of the line appliances, balconies, high quality finishes, spacious floor plans and laundry hookups in unit.