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1625 Vineyard Ave, Los Angeles, CA 90019
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1625 Vineyard Ave Los Angeles, CA 90019

$3,250,000
  • 16 Beds
  • 9 Baths
  • 6,950 Sq.Ft.
For Sale
$3,250,000 Get Pre-Qualified
Map preview of 1625 Vineyard Ave, Los Angeles, CA 90019

Property Overview: 1625 Vineyard Ave Los Angeles, CA has 16 bedrooms, 9 bathrooms, 6,950 living square feet and 14,000 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 proudly present 1625 Vineyard Ave, a 9 unit multifamily property in the heart of Mid City Los Angeles. The building sits on a large 14,000-square-foot corner lot and consists of one, two and three bedroom units. The property is gated and secured and features hardwood laminate flooring, beautifully tiled bathrooms, and stainless steel appliances and fixtures. The offering includes approximately 13 tandem parking spaces and is separately metered for gas and electric.

Listed by Zachary Freehling | BRE #01879326 | Skylight Real Estate Advisors, Inc.
Last checked: 11 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
14,000
HOA Dues
$0/mo
Year built
1919
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24383231
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,789
  • Total Rent: $7,156
  • Pro Forma/Market Rent: $7,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $5,800
  • Pro Forma/Market Rent: $6,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,282
  • Total Rent: $6,845
  • Pro Forma/Market Rent: $7,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.79%
  • Gross Rent Multiplier: 13.59
  • Gross Scheduled Income: --
  • Net Operating Income: $155,811
  • Gross Operating Income: $232,055
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1625 Vineyard Ave

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Property Details for 1625 Vineyard Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Gated, Tandem Garage, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 5071018042
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located just south of the intersection of San Vicente Blvd and Venice Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1625 Vineyard Ave

Last sold for $1,800,000 on May 6th, 2019

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: 24383231

    $3,350,000

    Price

  • July, 2023

  • Jul 1, 2023

    Date

    Expired

    CRMLS: 23236235

    $3,425,000

    Price

  • Jan 26, 2023

    Date

    Active

    CRMLS: 23236235

    $3,425,000

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 1625 Vineyard Ave, a 9 unit multifamily property in the heart of Mid City Los Angeles. Buyer has the unique opportunity to assume Seller's existing loan amount of $2,264,500 (360 month term from 4/6/2021) with an interest only rate of 3.15% until May 2026. The building sits on a large 14,000-square-foot corner lot and consists of one, two and three bedroom units. . The property is gated and secured and features hardwood laminate flooring, beautifully tiled bathrooms, and stainless steel appliances and fixtures. The offering includes approximately 13 tandem parking spaces and is separately metered for gas and electric.

  • November, 2022

  • Nov 8, 2022

    Date

    Expired

    CRMLS: 22152791

    $3,425,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: 22152791

    $3,650,000

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 1625 Vineyard Ave, a 9 unit multifamily property in the heart of Mid City Los Angeles. The building sits on a large 14,000-square-foot corner lot and consists of one, two and three bedroom units. Buyer has the opportunity to assume Seller's existing loan amount of $2,264,500 (360 month term from 4/6/2021) with an interest only rate of 3.15%. The property is gated and secured and features hardwood laminate flooring, beautifully tiled bathrooms, and stainless steel appliances and fixtures. The offering includes approximately 13 tandem parking spaces and is separately metered for gas and electric.

  • May, 2019

  • May 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,800,000

    Price

  • September, 2018

  • Sep 1, 2018

    Date

    Expired

    CRMLS: 18321932

    $1,889,000

    Price

  • Apr 10, 2018

    Date

    Price Change

    CRMLS: 18321932

    $1,889,000

    Price

  • Mar 11, 2018

    Date

    Active

    CRMLS: 18321932

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    The Mid-City, City Lights and Mountain View Apt. Separately metered for gas and electric, and have their individual water heaters. One 3 bedroom unit has its own washer & dryer. Low operating expenses. The property conveniently offers thirteen (13) on-site parking which includes 5 tandem parking spaces. Huge lot size about 14,000 sq ft, corner of Vineyard & Lomita, actual building size is about 6,950 sqft with additions (buyer must verify with all city B/S records) per previous listing agent information sheet. Fully gated and secure property with an automatic gate. Drive by only. Please do not disturb the tenants.

  • July, 2013

  • Jul 11, 2013

    Date

    Sold (Public Records)

    Public Records

    $985,000

    Price

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Tax History for 1625 Vineyard Ave

Assessed Value (2020): $1,837,540
Year Land Value Improved Value Assessed Value
2020 $1,326,000 $511,540 $1,837,540

Home Value Compared to the Market

This property vs the competition

1625 Vineyard Ave is listed 160.21% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $467.63 per/sqft which puts the price per square foot 39.58% lower than the median price per square foot for the city of Los Angeles.

About 1625 Vineyard Ave

Detailed summary of property

1625 Vineyard Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 16 bedrooms, 9 bathrooms, roughly 6,950 living square feet, and sits on an approximately 14,000 square foot lot. 1625 Vineyard Ave was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $3,250,000 and was originally asking $3,350,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 160.21% higher than the median priced home. Local competing homes currently for sale include 2937 West Blvd, 2203 4th Ave and 730 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 94 days, 1625 Vineyard Ave has a days on market of 23 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1625 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 1625 Vineyard Ave

Public county record property details
Beds
17
Baths
8
Year built
1919
Sq. Ft.
6,950
Lot Size
13,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
36,38
APN
5071-018-042

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
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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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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