CA > Los Angeles
Los Angeles, CA 90044,6553 S Vermont Ave
Los Angeles, CA 90044,6553 S Vermont Ave
Los Angeles, CA 90044,6553 S Vermont Ave
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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299
$1,189,000
Est. payment /mo
5 Beds
4 Baths
2,863 SqFt
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UPDATED:

10/24/2024 06:19 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,863 sqft

Price per Sqft $415

MLS Listing ID 24-426631

Style Bungalow

Bedrooms 5

Year Built 1922

Lot Size 2,502 Sqft

Acres 0.0574

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 Los Angeles Southwest

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment None

Exterior

Garage None

Garage Spaces 3.0

Building

Architectural Style Bungalow

Level or Stories One

Others

Special Listing Condition Standard

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Listed by Global Platinum Properties, Inc.

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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