Sun Valley, CA 91352,7243 VINELAND AVE
Sun Valley, CA 91352,7243 VINELAND AVE
Sun Valley, CA 91352,7243 VINELAND AVE
7
$2,070,000
$2,250,000
8.0%
Est.Price: ?

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16 BD
12 BA
8,144 SqFt

7243 VINELAND AVE Sun Valley, CA 91352

Est. payment /mo
SOLD DATE : 01/15/2020

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Key Details

Sold Price $2,070,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,144 sqft

Price per Sqft $254

MLS Listing ID 19470396

Bedrooms 16

Year Built 1953

Lot Size 0.286 Acres

Property Description

We are pleased to announce the sale of 7243-7249 Vineland Avenue, a 12-unit multifamily property situated just one block from the cities of Burbank and North Hollywood, within Sun Valley, CA. Consisting of two separate six-unit buildings occupying two contiguous parcels, the property offers an investor the chance to add value by capitalizing on the significant rent upside, as current rents are approximately 61% below the market level. Expenses and deferred maintenance passed along to the buyer are limited by a variety of factors. The buildings do not appear on the LADBS seismic retrofit list (Buyer to verify), potentially saving an investor from an otherwise substantial capital expense. With one exception, every apartment has been upgraded with new laminate flooring and new granite countertops, while the common area features new roofs on the carport and storage area, new asphalt, and a new gate.

Location

State CA

County Los Angeles

Area Sunv - Sun Valley

Zoning LAR3

Exterior

Parking Features Carport

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
Bought with Roderick 'Rick' Raymundo • Marcus & Millichap

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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