$1,075,000
$1,150,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
7,501 Sqft Lot
SOLD DATE : 05/03/2021
Key Details
Sold Price $1,075,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21701160
Sold Date 05/03/21
HOA Y/N No
Year Built 1917
Lot Size 7,501 Sqft
Property Description
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
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 3
Building
New Construction No
Others
Senior Community No
Tax ID 5071017025
Special Listing Condition Standard
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Bought with Suminda Sellahewa • Avarnka Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "