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1700 S Vermont Avenue

Los Angeles, CA 90006
  • $1,370,000
  • STATUS: Active Under Contract
  • ON SITE: 26 Days
  • ID#: 320007819
Under Contract
UPDATED: 61 min ago
$1,370,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,776
    SQFT
  • $287
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

The Residences of Vermont hits the market for the first time in nearly 50 years! This prime 6-unit asset provides incredible value-add repositioning opportunity with 45% rental upside in addition to development potential with C2 zoning w/ Tier 3 TOC. Delivered with current 4.8 CAP and 14.3 GRM on current rents. This 6-unit gated multifamily offering consists of one 2-story building with 4 units, and 2 large, detached bungalow residences. All units are large 1 bedroom/1 bath and include their own entrance and spacious, separate dining room that can be repurposed for den, office, or bedroom. Parking lot can accommodate 5-6 vehicles. This property benefits from significant frontage on Vermont and 17th Place in the thriving, high-density K-Town/Pico Union neighborhood that has been attracting massive investment and development.Tenants have remained current on rent throughout Covid. Close to Loyola High School and USC. Subject to Los Angeles Rent Stabilization Ordinance (RSO).Do not disturb tenants. Buyer to conduct own investigations and verify all information.

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Based on information from CRISNet MLS as of 2021-10-25T18:56:30.353. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-25T18:56:30.353. 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.
www.searchhomesincalifornia.com/homes/121874932
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1700 S Vermont Avenue Los Angeles, CA 90006

  • Price: $1,370,000
  • Status: Active Under Contract
  • Updated: 61 min ago
  • ID#: 320007819
0
Beds
0
Baths
0
½ Baths
0.16
Acres
4,776
SQFT
$287
$/SQFT
1923
Built
Neighborhood:
Not Applicable-105
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
The Residences of Vermont hits the market for the first time in nearly 50 years! This prime 6-unit asset provides incredible value-add repositioning opportunity with 45% rental upside in addition to development potential with C2 zoning w/ Tier 3 TOC. Delivered with current 4.8 CAP and 14.3 GRM on current rents. This 6-unit gated multifamily offering consists of one 2-story building with 4 units, and 2 large, detached bungalow residences. All units are large 1 bedroom/1 bath and include their own entrance and spacious, separate dining room that can be repurposed for den, office, or bedroom. Parking lot can accommodate 5-6 vehicles. This property benefits from significant frontage on Vermont and 17th Place in the thriving, high-density K-Town/Pico Union neighborhood that has been attracting massive investment and development.Tenants have remained current on rent throughout Covid. Close to Loyola High School and USC. Subject to Los Angeles Rent Stabilization Ordinance (RSO).Do not disturb tenants. Buyer to conduct own investigations and verify all information.
Exterior Features

Carport Spaces 0.00 Levels Two Lot Size Area 7205.0000 Parking Features Parking Space Parking Total 0.00 Parking YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Property Attached YN Yes Special Listing Conditions Standard Subdivision Name Other Not Applicable-105 Zoning Lac2

Listing provided courtesy of Jason Insalaco, CA DRE# 01791234, of Kelton Properties.


Based on information from CRISNet MLS as of 2021-10-25T18:56:30.353. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-10-25T18:56:30.353. 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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