1651 Vineyard Avenue is a multifamily property constructed in 1965 on a 6,998square foot lot, with a total building size of 4,346 square foot. The propertyfeatures a well-maintained structure with controlled access and is separatelymetered for utilities.The property boasts an attractive unit mix of 5 two-bedroom/one-bathroomand 1 one-bedroom/one-bathroom unit. While… Read More the current management hasmaintained the property diligently, many tenants are long-term residents, andcurrent rents are approximately 77% on average below market rates. A newowner can capitalize on this opportunity by adjusting rents to market levelsupon vacancies and implementing targeted renovations to further increase revenue potential. Situated in a thriving neighborhood, 1651 Vineyard Avenue is within closeproximity to a variety of local amenities, including shopping centers,restaurants, parks, and entertainment venues. Given the property's strong fundamentalssuch as its favorable unit mix, solidconstruction, and exceptional location1651 Vineyard Avenue represents acompelling investment opportunity for those seeking growth, stability, and ahedge against inflation in the vibrant Los Angeles market. Read Less
Courtesy of CBRE, , .
Listing Snapshot
Days Online
91
Last Updated
Property Type
Res Income 2-4 Units
Beds
3
Year Built
1965
MLS Number
25544861
30 Days Snapshot Of 90019
$1.49M
-2%
(avg) sold price
3
-62%
homes sold
43
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Building area total: 0, Living area: 0
Lot
Size area: 0.1607
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income
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Based on information from the San Diego MLS /Association of REALTORS®
as of . All data, including all measurements and calculations of area, is
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Source: San Diego MLS
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