846 Alta Vista Blvd Los Angeles, CA 90046

Property Details for 846 Alta Vista Blvd

Year built

2021

Property size

11,497 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents The Vista 6, a stunning complex of six tri-level townhomes nestled in Los Angeles, CA (90046), at 846 N Alta Vista Blvd. Built in 2021, this Class A property boasts 11,497 square feet of net rentable space across a single, two-story building situated on a 7,701 square foot lot. Each of the six units features three bedrooms and two and a half bathrooms, offering spacious, open floor plans perfect for modern living. High ceilings, oversized windows, and impeccable finishes create bright, airy interiors. Gourmet kitchens seamlessly flow into expansive dining and living areas, ideal for entertaining. Designer cabinetry, wide-plank engineered flooring, and resort-style bathrooms enhance the luxurious feel. Each unit includes a stackable washer/dryer, dual-zone HVAC, and private patios and rooftop terraces. The property offers gated, two-car parking per unit, EV hookups, and guest parking. The low common area maintenance contributes to a strong cash flow, currently generating a NOI of $351,434 and a 4.09% cap rate. The asking price is $8,595,000 ($1,432,500 per unit, $747.59 per square foot). A full condo map is in place, with each unit possessing its own APN, allowing for potential individual unit sales. This property is zoned LAR3 and presents a compelling 1031 exchange opportunity. All units are currently occupied, with an occupancy date of May 20, 2024. The property's prime location near West Hollywood, Paramount Studios, Melrose, Larchmont Village, and major freeways provides exceptional access to amenities and entertainment. A motivated seller will consider all offers.