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1609 Vineyard Ave, Los Angeles, CA 90019
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1609 Vineyard Ave Los Angeles, CA 90019

$1,150,000 Sold Price as of 03/11/2024
  • 4 Beds
  • 4 Baths
  • 1,812 Sq.Ft.
Sold
$1,150,000 Sold Price as of 03/11/2024 Refinance Your Mortgage
Map preview of 1609 Vineyard Ave, Los Angeles, CA 90019

Property Overview: 1609 Vineyard Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 1,812 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An amazing opportunity for a developer to build on this RD1.5 lot with 7500 sq/ft. The subject property has been vacant since 5/2021. This is also a great opportunity to own a remodeled vacant 3 units. These are 3 separate homes on a large lot. There is new paint on the interior and exterior of all 3 units. All new kitchens and most bathrooms are remodeled. Laminate flooring through out the home. Large lot with many parking areas. You could also buy and may be build 5 units on the lot. Check with the City regarding all rules and restrictions. The property is conveniently located near the shops and restaurants. The rents shown are projected. Hard to find a property in a great location. Set your own rents.

Listed by Suminda Sellahewa | BRE #01155576 | Avarnka Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: March 11th, 2024 | Source CRMLS | DOM: 225

Home details

Lot Sq. Ft
7,499
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23283459
City
Los Angeles
County
Los Angeles
Time on Site
377 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1609 Vineyard Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5071017025
  • Architectural Style: Bungalow
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Venice
View more facts & features

Local Los Angeles Agent

Sale History for 1609 Vineyard Ave

Last sold for $1,150,000 on March 11th, 2024

  • March, 2024

  • Mar 11, 2024

    Date

    Sold

    CRMLS: 23283459

    $1,150,000

    Price

  • Jun 21, 2023

    Date

    Active

    CRMLS: 23283459

    $1,350,000

    Price

  • December, 2021

  • Dec 18, 2021

    Date

    Canceled

    CRMLS: 21112298

    $1,299,000

    Price

  • Dec 14, 2021

    Date

    Active

    CRMLS: 21112298

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    This is sold for land value only. There are currently 3 vacant units. The property is fenced off. Zoned RD1.5, you may be able to build 5 units. Check with LADBS and your architect. Strictly sold for land value for a savvy developer. Great location close to all shops, restaurants and freeway.

  • May, 2021

  • May 3, 2021

    Date

    Sold

    CRMLS: 21701160

    $1,075,000

    Price

  • Apr 14, 2021

    Date

    Pending

    CRMLS: 21701160

    $1,150,000

    Price

  • Apr 8, 2021

    Date

    Active Under Contract

    CRMLS: 21701160

    $1,150,000

    Price

  • Mar 5, 2021

    Date

    Active

    CRMLS: 21701160

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    ALL 3 UNITS TO BE DELIVERED VACANT! 1609 Vineyard Avenue provides the unique opportunity for an investor or developer/contractor to provide luxury housing to the rising demand in red-hot Mid City! Buyer can utilize their vision for the property with all 3 units being delivered vacant. Located right at the corner of Venice Blvd & Vineyard Avenue, 1609 Vineyard Avenue sits roughly 750-1,000 feet away from The Midtown Crossing Shopping Center. Midtown Crossing is the home to many anchor tenants such as Starbucks, Lowes, Wells Fargo, Chase Bank, Planet Fitness, Bank of America, Pet Smart, Living Spaces, CVS Pharmacy, Ralphs and many more! Across the street from Midtown Crossing is the recently built Sprouts Farmers Market & Target. Within driving 5-10 minutes driving distance is the almost finished Cumulus Development Project in West Adams, Kaiser Permanente West LA, Miracle Mile, Park La Brea, Culver City Arts District & The Beverly Center. Tenants can feel safe & secure knowing that the LAPD Wilshire Station is approximate 0.5 miles from the property, and LAFD Station 68 is approximately 1 mile away. Sitting on a 7,500 SF lot zoned LARD 1.5, the next owner can build up to 5 luxury units/townhomes by right (Buyer to verify). The front house is 3 Bed/2 Bath, the middle house is a Studio, and the back house is 1 Bed/1 Bath

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: SB20116230

    $1,100,000

    Price

  • Aug 18, 2020

    Date

    Withdrawn

    CRMLS: SB20116230

    $1,100,000

    Price

  • Jun 16, 2020

    Date

    Active

    CRMLS: SB20116230

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Proudly presenting this well-located Mid-City LA triplex listing at 1609 Vineyard Avenue, LA 90019. Featuring a solid unit mix with one 3+2 unit currently renting for $1,248/mth; a studio unit renting for $625/mth, and a 1+1.5 unit that's currently vacant with approx. 1,812 total rentable SF. It's also a large 7,499sf lot, zoned R1.5 allowing an investor to fully redevelop the site with 4 new townhomes/condo units with recent new construction projects selling locally for over $1M/unit presently. A convenient Mid-City location at the heart of the action & walking distance to the Mid-Town Shopping Center with a host of national retailers; restaurants & shops including: Lowe’s; Ross; Chase Bank; PetSmart; Starbucks; Wells Fargo & Panda Express to name a few. Also very close to a large Ralph's Grocer; CVS Pharmacy, Planet Fitness & the new Target/Sprouts location!

  • November, 2019

  • Nov 2, 2019

    Date

    Expired

    CRMLS: SB19145741

    $999,000

    Price

  • Nov 1, 2019

    Date

    Withdrawn

    CRMLS: SB19145741

    $999,000

    Price

  • Aug 10, 2019

    Date

    Active Under Contract

    CRMLS: SB19145741

    $999,000

    Price

  • Jun 20, 2019

    Date

    Active

    CRMLS: SB19145741

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    Proudly presenting this well-located Mid-City LA triplex listing at 1609 Vineyard Avenue, LA 90019. Featuring a detached 3+2 front home currently renting for $1,248/mth; a studio unit renting for $625/mth, and a 1+1.5 detached rear home that's currently vacant with approx. 1,812 total rentable SF. The property is located on a large 7,499sf lot zoned R1.5, which also would allow an investor to add more units or potentially fully redevelop the site with 4+ new townhouse units. Also located in a TOC Tier 2 area for a potential 60% density bonus. New construction small lot projects have been selling quickly within blocks of the subject property for $1-$1.1M recently with further local growth expected. Fantastic Mid-City location at the heart of the action with easy access to West LA; Culver City; Downtown LA & Hollywood. Also only a few minutes walk to the Mid-Town Shopping Center featuring a ton of great national retailers; restaurants & shops including: Ross; Chase Bank; PetSmart; Starbucks; Wells Fargo & Panda Express to name a few. Also very close to a large Ralph's Grocer; CVS Pharmacy, and Planet Fitness. This 1609 Vineyard triplex provides a good value-add opportunity for an investor & also for an owner-user buyer with the ability to owner-occupy the vacant 1 Bedroom unit & also have solid rental income from the two other units to help pay your mortgage.

  • July, 2018

  • Jul 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

  • July, 2018

  • Jul 6, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1609 Vineyard Ave

Assessed Value (2020): $872,100
Year Land Value Improved Value Assessed Value
2020 $816,000 $56,100 $872,100

Home Value Compared to the Market

This property vs the competition

1609 Vineyard Ave sold on March 11, 2024 for 9.73% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $634.66 per/sqft which puts the price per square foot 19.77% lower than the current median sale per square foot for the city of Los Angeles.

About 1609 Vineyard Ave

Detailed summary of property

1609 Vineyard Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 1,812 living square feet, and sits on an approximately 7,499 square foot lot. 1609 Vineyard Ave was first listed on ArdentRealEstateGroup.com on June 22, 2023. The homeowner sold the property for $1,150,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 9.73% lower than the current median priced home. Local homes that are currently for sale include 2015 6th Ave, 3203 W 17th St and 3809 W 30th St. While the average home in Los Angeles, CA is selling in 100 days, 1609 Vineyard Ave has a days on market of 225 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1609 Vineyard Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1609 Vineyard Ave

Public county record property details
Beds
2
Baths
3
Year built
1917
Sq. Ft.
1,812
Lot Size
7,499
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5071-017-025

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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