1317 N Vista St

Los Angeles, CA, 90046

$12,950,000

$517 per ft²
$12,950,000
$517 per ft²
Active
Active
 - For Sale
beds
42 Beds
baths
48 Baths
carpenters-square
25,014 ft²
property_type
Multi-family
calendar
Built 1988
1317 N. Vista, a 30 unit courtyard-style complex built in 1988, is located just north of Fountain Ave (between Fairfax and La Brea) and adjacent to the city of West Hollywood. Situated across the street from Plummer Park, this value-add property is located in the heart of a premium neighborhood that attracts high-quality tenants who prioritize convenient access to an array of quality entertainment and dining options. Built in 1988, 1317 N. Vista is NOT SUBJECT TO LA CITY RENT CONTROL. This allows for an annual rent increase of 5% plus Consumer Price Index (CPI), currently 10%. Based on market rents for renovated units in the area, this substantial value-add property offers approx. 34% upside in rents. We anticipate the future owner could operate the property at approx. 6% CAP and 11.95 GRM based on market rents. The property features an enticing unit mix comprised of (18) 2-bdrm. and 2-bath units, (6) 1-bdrm. units and (6) studio units. Each bright and spacious unit, approx. 800 SF, features a fireplace and a balcony. All units have central air conditioning, except for the studio units, which have wall units. Property amenities include two parking garages with approx. 51 parking spaces, laundry room on every floor, elevator, controlled access and an entry lobby.
MLS® ID:
22-225771
Listed:
12/15/22
Updated:
1/28/23

Interior Features

Total Bedrooms
42
Total Bathrooms
48
Laundry Description
Community
Floor Description
Wood Laminate, Carpet
Fireplace
Living Room
Cooling
Wall Unit(s), Central
Heating
Central, Wall

Exterior/Building Features

Lot Size
0.31 acres lot
Exterior Features
None
Architectural Style
Other

Other Property Details

Garage
Yes
Garage Spaces
51
Parking
Gated, Subterranean
Parking Total
51.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAR3

Property History

Date
Event
Price
Value
1/17/23
Price Change
$12,950,000
-4%

Courtesy of Compass, Kenny Stevens,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Canyonhaus shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/28/23

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