Currently operating as a successful Airbnb with a strong rental history. Seller-provided financials reflect strong cash flow with an estimated CAP RATE of 6.78%! This is a rare newer-construction fourplex, certificate of occupancy was issued in 2023 and thoughtfully designed across two separate buildings in the heart of North Hollywood.… Read More Featuring approximately 4,270 square feet of living space on a 5,000 square foot lot, this exceptional investment opportunity offers a desirable unit mix of spacious two- and three-bedroom residences designed to meet today's rental demand. Each unit showcases contemporary finishes, open-concept living spaces, large in-unit washer and dryers, separate utility metering, and private outdoor areas, creating an attractive living experience for both short-term and long-term tenants. The gated property offers eight parking spaces and low-maintenance newer construction, providing investors with a turnkey asset and reduced future capital expenditures. Ideally located just minutes from NoHo West, the NoHo Arts District, Universal Studios, major employment centers, dining, entertainment, and convenient transportation options, the property benefits from strong rental demand and continued neighborhood growth. Whether you're seeking a high-performing income property, a 1031 exchange opportunity, or a long-term hold in one of Los Angeles' most dynamic rental markets, 5853 Vineland Ave delivers the perfect combination of modern construction, prime location, and investment potential. Read Less
Property listed by Christie's International Real Estate SoCal, Brian Wall 424-249-7162
Listing Snapshot
Days Online
27
Last Updated
Beds
11
3/4 Baths
10
Square Ft.
4,270
Lot Size
0.11 Acres
Year Built
2021
MLS Number
26849867
Additional Details
Appliances & Equipment
Microwave, Refrigerator, Dryer, Washer
Building
Built in 2021, Living area: 4270.0, 2 buildings, 2 stories, Levels: Two
Community
Gated
Cooling
CentralAir
Heating
Central
Income
Gross Income: $266,394, Net Operating Income: $161,343
Lot
0.1148 acres, Dimensions: 50x100
Parking
8 total parking spaces, Gated, Private
Security Features
GatedCommunity
Taxes
Parcel Number: 2337022002, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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