Description

461 N Vista St, a charming three-unit apartment building located in the highly desirable Fairfax District of Los Angeles. Built in 1937, the property features (2) two-bedroom + one-bathroom units and (1) three-bedroom + two-bathroom unit, totaling4,112 square feet on a 6,103 square foot lot.Situated in the heart of the vibrant Fairfax District, 461 N Vista St offers residents the perfect blend of historic character and central city convenience. The neighborhood is celebrated for its tree-lined streets, classic architecture, and culturally rich, energetic atmosphere, all just minutes from some of LosAngeles' most iconic destinations.Residents benefit from easy access to Beverly Hills, Miracle Mile, and Mid-City, along with the shops, restaurants, and cultural institutions that define the Fairfax District. With its walkable location, strong connectivity, and timeless architectural appeal, the property stands out as a highly desirable rental opportunity in one of Los Angeles' most dynamic neighborhoods.461 N Vista St also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of4.27%, with the potential to reach a 5.24% CAP rate upon unit turnover.