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2611 Vineyard Ave, Los Angeles, CA 90016
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2611 Vineyard Ave Los Angeles, CA 90016

$945,000 Sold Price as of 12/31/2020
  • 6 Beds
  • 4 Baths
  • 2,888 Sq.Ft.
Sold
$945,000 Sold Price as of 12/31/2020 Refinance Your Mortgage
Map preview of 2611 Vineyard Ave, Los Angeles, CA 90016

Property Overview: 2611 Vineyard Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,888 living square feet and 3,989 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale a four-unit apartment community located at 2611 Vineyard Avenue. Situated on a 3,989 square foot parcel,the property comprises entirely of two one-bedroom units and two two bedroom units. The continued gentrification of the surrounding area along with the immediate value-add potential for anew owner to renovate the units and achieve superior future returns make 2611 Vineyard Avenue an excellent acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft
3,989
HOA Dues
$0/mo
Year built
1935
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20629370
City
Los Angeles
County
Los Angeles
Time on Site
1211 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,420
  • Total Rent: $1,420
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,360
  • Total Rent: $1,360
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: --
  • Net Operating Income: $49,764
  • Gross Operating Income: $68,160
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2611 Vineyard Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5057010004
Location / Neighborhood
Location Information
  • Directions: The subject property is located just south of West Adams Boulevard within the emerging West Adams sub-market.
View more facts & features

Local Los Angeles Agent

Sale History for 2611 Vineyard Ave

Last sold for $945,000 on January 5th, 2021

  • January, 2021

  • Jan 7, 2021

    Date

    Sold

    CRMLS: 20629370

    $945,000

    Price

  • Nov 23, 2020

    Date

    Pending

    CRMLS: 20629370

    $995,000

    Price

  • Oct 7, 2020

    Date

    Price Change

    CRMLS: 20629370

    $995,000

    Price

  • Sep 8, 2020

    Date

    Active

    CRMLS: 20629370

    $1,125,000

    Price

  • January, 2021

  • Jan 5, 2021

    Date

    Sold (Public Records)

    Public Records

    $945,000

    Price

  • February, 2020

  • Feb 2, 2020

    Date

    Expired

    CRMLS: 19518784

    $985,000

    Price

  • Dec 11, 2019

    Date

    Withdrawn

    CRMLS: 19518784

    $985,000

    Price

  • Oct 9, 2019

    Date

    Active

    CRMLS: 19518784

    $985,000

    Price

  • Listing provided courtesy of CRMLS

    Great 1935 Fourplex located in the hot West Adams Arts District. Cute tree lined neighborhood with easy access to West Adams Blvd. The property offers four spacious units: Two separate 2bed + 1bath units and Two separate 1bed + 1bath units. All units are tenant occupied. Close to the Metro, Culver City, Platform, DTLA, + Delicious Pizza, Mizlala, Alta, West Adams Coffee, Los Anayas, Highly Likely and with so much more coming to the neighborhood.

  • February, 2018

  • Feb 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2017

  • Nov 2, 2017

    Date

    Sold

    CRMLS: 17252756

    $680,000

    Price

  • Sep 25, 2017

    Date

    Pending

    CRMLS: 17252756

    $725,000

    Price

  • Jul 19, 2017

    Date

    Active

    CRMLS: 17252756

    $725,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible value add opportunity in quickly improving West Adams location. Character Fourplex consisting of two buildings. Great unit mix with (2) 2br X 1ba apartments & (2) 1br X 1ba apartments. Each unit has private laundry hookups. Current under market rents provide almost 55% upside to the income. Many hip eateries, craft breweries, and larger developments popping up along Adams Blvd. Property is in close proximity to the Expo Line, Culver City, USC and Exposition Park.

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Tax History for 2611 Vineyard Ave

Assessed Value (2020): $707,472
Year Land Value Improved Value Assessed Value
2020 $645,048 $62,424 $707,472

Home Value Compared to the Market

This property vs the competition

2611 Vineyard Ave sold on December 31, 2020 for 16.39% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $344.53 per/sqft which puts the price per square foot 54.37% lower than the current median sale per square foot for the city of Los Angeles.

About 2611 Vineyard Ave

Detailed summary of property

2611 Vineyard Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,888 living square feet, and sits on an approximately 3,989 square foot lot. 2611 Vineyard Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $945,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.39% lower than the current median priced home. Local homes that are currently for sale include 2609 W 30th St, 1510 S Bronson Ave and 2615 Obama Blvd. While the average home in Los Angeles, CA is selling in 94 days, 2611 Vineyard Ave has a days on market of 73 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 2611 Vineyard Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2611 Vineyard Ave

Public county record property details
Beds
6
Baths
4
Year built
1935
Sq. Ft.
2,888
Lot Size
3,989
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5057-010-004

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,100,000
Median List Price/Sq.Ft.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2611 Vineyard Ave

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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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