$1,189,000
6553 S Vermont AVE Los Angeles, CA 90044
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$1,189,000
Est. payment /mo
5 BD
4 BA
2,863 SqFt
Price Dropped by $130K
6553 S Vermont AVE Los Angeles, CA 90044
UPDATED:
10/24/2024 06:32 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,863 sqft
Price per Sqft $415
MLS Listing ID 24426631
Bedrooms 5
HOA Y/N No
Year Built 1922
Lot Size 2,500 Sqft
Property Description
7.22% Cap Rate! We are excited to introduce this exceptional investment opportunity, featuring a versatile mixed-use property with five units that seamlessly blend residential and commercial possibilities. The property spans 2,863 square feet on a spacious 5,084 square foot C2 Lot (TOC-3) in the bustling Vermont Corridor. It includes three residential units and two commercial spaces. Currently, one commercial space and one residential unit are vacant, offering the immediate potential for increased rental income, making it an attractive option for savvy investors looking to capitalize on the active local market. In addition, there are ready-to-issue(RTI) plans to convert the garage into a one-bedroom unit. With two tenants on month-to-month leases, there is significant flexibility for future development or restructuring. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is strategically positioned for substantial value growth and has the potential to make a positive impact on its vibrant neighborhood.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage None
Total Parking Spaces 3
Building
Entry Level One
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6014012002
Special Listing Condition Standard
Listed by Armin Soleimani • Global Platinum Properties, Inc.
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