959-965 Vancouver Ave, Los Angeles, CA 90022

7 Unit Apartment Building | $2,300,000 ($328,571/Unit) | 6.01% Cap Rate | Los Angeles, CA 90022

Asking Price $2,300,000

Property Type
Multifamily
Square Feet
3,780 SF

Listing Contacts

Sevak Keshishian
Sevak Keshishian
Emin Khachatoorian
Emin Khachatoorian
Shara Parseghian
Shara Parseghian
  • Property Info

Property Overview

We are pleased to present 959 & 965 S Vancouver Ave, a turn-key investment opportunity nestled in the heart of East Los Angeles. This asset boasts the epitome of modern living with six out of seven units fully renovated to exquisite standards and leased at market rents.
Comprising seven (7) bungalow-style one-bedroom units, this property spans across two parcels totaling an expansive lot of 11,410 sq/ft, providing ample space and privacy for residents. The property also includes seven garages, presenting significant upside potential for conversion into additional dwelling units (ADUs). Whether utilized for parking or storage, these garages offer versatility and income-generating opportunities.
Meticulously transformed by the current owners, no expense has been spared in enhancing this asset. From a revamped exterior and lavish interior renovations adorned with high-end finishes to extensive landscaping work and structural improvements, every aspect of the property exudes sophistication and quality. All residential structures have had brand new roofs and upgraded foundations.
Conveniently located just a block away from Whittier Blvd, a bustling thoroughfare connecting East Los Angeles, Montebello, and Whittier, this property offers exceptional accessibility. Residents enjoy seamless access to the 5/60/710 freeways and the Metro Gold Line's Atlantic Station, facilitating effortless commuting options. Additionally, the property's proximity to the renowned Citadel Outlets further enhances its desirability among tenants and investors alike.
This property offers an investor the rare chance to acquire a stable asset that generates exceptional cash flow from day one. With its fully leased units and potential for additional income streams through ADUs, this investment promises sustained profitability. Moreover, the expansive land presents opportunities for future development, further enhancing the property's value proposition.

Property Details

Class
C
Year Built/Renovated
1928/2024
Stories
1
Lot Size (sq. ft)
11,326 SF
Units
7

Highlights

  • • Immediate Cash-Flow
  • • FullY Renovated Bungalow Style Units
  • • Two Parcels Totaling 11,410 Sq/Ft
  • • Turnkey Asset
  • • New Roofs & Upgraded Foundations
  • • Seven Garages Add Potential For ADUs

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].