6553 S Vermont AVE Active

Los Angeles,CA 90044

$ 1189000

5 Beds

4 Baths

2863 SqFt


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

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

Exterior

Parking Features None

Building

New Construction No

Others

Special Listing Condition Standard

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