This offering presents an excellent opportunity to acquire an asset with a highly sought-after unit mix in a strong rental area and capture 35 percent rental upside.
The property consists of four single-family homes and a duplex on a large 0.38-acre lot and offers a highly desirable unit mix: one three-bedroom house, three two-bedroom houses, and two two-bedroom units. The four rear units were constructed in 1997, and the two front units were constructed in 1947. All units are separately metered for gas and electricity, and the front house is separately metered for all utilities. The property also features six double-car garages, a rooftop deck above one of the garages, and on-site laundry; current machines are owned by the seller.
6703 Vinevale Avenue is located in the densely populated Southeast L.A. submarket, where vacancy is low - 1.6 percent within one mile of the subject property- and recent quarters have seen rent growth higher than the metro average.
Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. 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.