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$ 1,435,000
Est. payment /mo
Price Dropped by $60K
2337 Vineyard AVE Los Angeles, CA 90016
3 Beds
5 Baths
3,746 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,746 sqft
Price per Sqft $383
MLS Listing ID 26652667
Bedrooms 3
HOA Y/N No
Year Built 1923
Lot Size 5,475 Sqft
Property Description
2337 S Vineyard Avenue presents a well-positioned six-unit investment opportunity in the heart of West Adams, one of Los Angeles' most vibrant and sought-after rental submarkets. Priced at $1,435,000, the property offers strong in-place income within a neighborhood known for its character, charm, and continued growth. The building consists of six units(4) 1-bed/1-bath units,(1) 2-bed/1-bath unit, and (1) studio, providing a desirable unit mix that caters to a wide tenant pool. With a 6.61%cap rate and 9.97 GRM, the asset delivers solid day-one returns while still offering room to enhance value through strategic unit upgrades and rent optimization. Located in prime West Adams, the property is surrounded by trendy cafes, popular restaurants, and boutique retail, with convenient access to Culver City, Downtown Los Angeles, and major transit corridors. The area's strong rental demand and ongoing revitalization continue to support long-term appreciation.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Uncovered
Pool None
View Y/N Yes
View City Lights
Total Parking Spaces 2
Private Pool No
Building
Faces North
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5061026028
Special Listing Condition Standard
Listed by William James Lyon Stahl Investment Real Estate, Inc. #01734419