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Palms/Mar Vista Redevelopment Opportunity
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3444 & 3450 Vinton Ave, Los Angeles, CA 90034

Investment opportunity with redevelopment, value-add, or owner-user potential.

Property Size6,104 SF
Lot Size0.34 Acres
Price / SF$654.49
Days on Market76

Property Features for 3444 & 3450 Vinton Ave

General Information

Standard status Active
Size 6,104 SF
Lot size 0.34 Acres
Property subtype Retail
Zoning LAR3-1 -T.O.C. 3 & ZI 2452 Transit Priority
Investment Type Owner/User
Net Operating Income $177,064

Building Details

Year Built 1923
Units 7
Listing Agency: Compass
Listed By: Tim Byrne · License #CA 01186465
Source: Crexi
Added: May 26 Changed: Aug 8 Last Checked: Jul 15 at 11:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This investment opportunity offers three distinct acquisition strategies: redevelopment, value-add repositioning, or owner-user occupancy. It is located in one of the Westside’s strongest rental markets, within the Palms / Mar Vista submarket. The property is zoned R3 and located within a TOC Tier 3 Transit Oriented Community area, allowing for significant redevelopment potential. The site allows for approximately 20 units by right on the combined ±15,000 square foot lot based on current zoning. Through the TOC Affordable Housing Incentive Program or State Density Bonus, a developer may increase density to 30 to 40 units, subject to affordable housing requirements. Investors may also pursue a value-add repositioning strategy by improving the existing seven-unit apartment property. The asset currently offers three vacant units, providing immediate upside through interior renovations and rental repositioning. Investors may explore the potential to add Accessory Dwelling Units (ADUs), further increasing rental income and long-term asset value. The property also presents a compelling owner-user opportunity, allowing a buyer to occupy the existing single-family residence while generating income from the rear rental units. An owner-user could occupy the front home, renovate and stabilize the rear units, and potentially add ADUs to further enhance rental income. This configuration allows an investor to combine primary occupancy with income-producing real estate in a highly desirable West Los Angeles location. The property size is 6104 square feet.

Key Highlights

  • Significant redevelopment potential with R3 zoning in a TOC Tier 3 area, allowing for approximately 20 units by right on the ±15,000 square foot lot.
  • Potential to increase density to 30‑40 units through TOC Affordable Housing Incentive Program or State Density Bonus.
  • Value‑add opportunity to improve the existing seven‑unit apartment property.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Tanning Salon Fish Market Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,342
Businesses Nearby

Demographics for 90034, CA

57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Investment opportunity with redevelopment, value-add, or owner-user potential.
Where is this residential land & home lot located?
The property is located at 3444 & 3450 Vinton Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Significant redevelopment potential with R3 zoning in a TOC Tier 3 area, allowing for approximately 20 units by right on the ±15,000 square foot lot.; Potential to increase density to 30‑40 units through TOC Affordable Housing Incentive Program or State Density Bonus.; Value‑add opportunity to improve the existing seven‑unit apartment property.
(310) 801-3442 Call to check price and availability
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