7456 Waring Ave - Multi-Family FOR SALE


Los Angeles, CA 90046
$1,525,000 USD
818-390-4181
7456 Waring Ave, Los Angeles, CA for Sale
$1,525,000 USD
Multi-Family - FOR SALE
1/10
null | 2.39% Cap Rate

7456 Waring Ave
Los Angeles, CA 90046


HIGHLIGHTS

  • An additional structure recreation room with existing plumbing and electrical provides a valuable opportunity to convert it into an ADU
  • Significant upgrades throughout the property include a complete re-piping with copper plumbing, new water heaters, and enhanced electrical systems.
  • The flat roof is in good condition.

OVERVIEW

The Appel Group of Marcus & Millichap is pleased to present the exclusive listing of 749 North Vista Street and 7456 Waring Avenue. This duplex built in 1924, totaling 2,263 rentable square feet on a 6,204 square foot lot. This attractive duplex property features two separate houses, each with two bedrooms and one bathroom. The property includes an additional structure which is being used as a recreation room equipped with existing plumbing and electrical, presenting the opportunity to convert it into an Accessory Dwelling Unit (ADU) for added rental income. Both houses are separate structures and designed for convenience with dual entry and in-unit washer and dryers, enhancing tenant appeal. The house on Waring boasts central air conditioning, ensuring comfort, newer windows and an updated kitchen. The property also boasts a two car garage. Significant upgrades have been made throughout the property, including a complete re-piping with copper plumbing, new water heaters, and electrical system enhancements. The flat roof is in good condition, minimizing immediate maintenance concerns. The property is ideally located in the vibrant Hollywood Hills West neighborhood of Los Angeles, just a short distance from the bustling intersection of Melrose Avenue and Fairfax Avenue. This prime location offers residents a rich mix of urban amenities, trendy shops, and a diverse culinary scene, making it a desirable area to live. The property is situated near Fairfax High School, adding to its appeal for families and students. The neighborhood is known for its artistic vibe, with a variety of boutiques, cafes, and restaurants within walking distance. Residents can enjoy the eclectic atmosphere of Melrose Avenue, famous for its unique shops and lively street art. Additionally, the area is well-connected to public transportation options, providing easy access to other parts of Los Angeles. Major thoroughfares nearby facilitate convenient commutes to downtown and other key destinations. With its desirable features and potential for additional income through an ADU, 749 North Vista Street and 7456 Waring Avenue is well-positioned for strong rental demand. The combination of the sought-after neighborhood, modern amenities, recent upgrades, and potential for future growth makes this property a compelling investment opportunity in a vibrant Los Angeles market.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$674 USD /SF

# OF UNITS

2

PRICE/UNIT

$762,500

CAP RATE

2.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

749 N Vista St & 7456 Waring Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eli AppelMarcus & MillichapMore Info
818-390-4181

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Eli AppelMarcus & MillichapMore Info
818-390-4181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.