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1259 Vin Scully Ave, Los Angeles, CA 90026
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1259 Vin Scully Ave Los Angeles, CA 90026

$975,000
  • 9 Beds
  • 5 Baths
  • 3,417 Sq.Ft.
For Sale
$975,000 Get Pre-Qualified
Map preview of 1259 Vin Scully Ave, Los Angeles, CA 90026

Property Overview: 1259 Vin Scully Ave Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,417 living square feet and 6,758 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer for sale a five-unit apartment building located at 1259 Vin Scully Avenue in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 6,758 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units, and one three-bedroom unit. The property's irreplaceable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1259 Vin Scully Avenue an excellent acquisition opportunity for investors.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 1
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Home details

Lot Sq. Ft
6,758
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389066
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,027
  • Total Rent: $1,027
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,534
  • Total Rent: $1,534
  • Pro Forma/Market Rent: $3,915
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,080
  • Total Rent: $1,080
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,252
  • Total Rent: $1,252
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $3,052
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.76%
  • Gross Rent Multiplier: 13.73
  • Gross Scheduled Income: --
  • Net Operating Income: $36,682
  • Gross Operating Income: $68,892
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1259 Vin Scully Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5406012028
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Sunset Boulevard & North 110 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 1259 Vin Scully Ave

Last sold for $1,250,000 on April 27th, 2022

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: 24389066

    $975,000

    Price

  • March, 2022

  • Mar 31, 2022

    Date

    Active

    CRMLS: RS21256345

    $1,199,900

    Price

  • Feb 10, 2022

    Date

    Price Change

    CRMLS: RS21256345

    $1,199,900

    Price

  • Nov 30, 2021

    Date

    Active

    CRMLS: RS21256345

    $1,499,888

    Price

  • Listing provided courtesy of CRMLS

    Back on market. An investment opportunity in Echo Park off Sunset Blvd! Just minutes away from shops, restaurants, Dodger Stadium & 101 & 110 freeway. First building has 4 units and each has 1BR/1BA each. Second building has 3BR/1BA.

  • December, 2012

  • Dec 14, 2012

    Date

    Sold (Public Records)

    Public Records

    $544,000

    Price

  • December, 2012

  • Dec 14, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1259 Vin Scully Ave

Assessed Value (2020): $612,527
Year Land Value Improved Value Assessed Value
2020 $427,870 $184,657 $612,527

Home Value Compared to the Market

This property vs the competition

1259 Vin Scully Ave is listed 21.05% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $285.34 per/sqft which puts the price per square foot 63.13% lower than the median price per square foot for the city of Los Angeles.

About 1259 Vin Scully Ave

Detailed summary of property

1259 Vin Scully Ave is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 9 bedrooms, 5 bathrooms, roughly 3,417 living square feet, and sits on an approximately 6,758 square foot lot. 1259 Vin Scully Ave was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $975,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.05% lower than the median priced home. Local competing homes currently for sale include 230 N Alvarado St, 311 S Burlington Ave and 2152 Duvall St. While the average home in Los Angeles, CA is selling in 94 days, 1259 Vin Scully Ave has a days on market of 1 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1259 Vin Scully Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1259 Vin Scully Ave

Public county record property details
Beds
9
Baths
5
Year built
1922
Sq. Ft.
3,417
Lot Size
6,754
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24,25
APN
5406-012-028

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
62
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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