Description
This mix-use property presents a rare rti (ready-to-issue) development opportunity with approved plans and permits to develop a 14 unit all 1b/1b multifamily project, this property is perfect for developers seeking a value-add investment with significant upside. the lot currently includes two buildings, one of which is boarded up, and has an existing tenant (seller will deliver vacant as part of offering and asking price).
the location offers excellent visibility and is surrounded by residential and commercial properties, making it ideal for mixed-use or multifamily housing. the tenant will be vacated before coe, and rti delivered approved and ready at coe.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49503949
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Shingle
- Interior Features: All Bedrooms Down
- Property Appliances: Gas Oven,Gas Range,Refrigerator,Water Heater
- Fireplace: None
- Flooring: Carpet,Tile
Cooling Features
- None
- Air Conditioning
Heating Source
- Combination,Space Heater
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1930
- Building Area Total: 5,252
- Construction: Block
- Roof: Shingle
Foundation
- Concrete Perimeter,Slab
Security Features
- Window Bars
Pool Features
- None
Laundry Features
- None
Fencing
- Chain Link
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1206
- Lot Size Source: Public Records
- Lot Size Square Feet: 5252
-
Listing Information
Listing Price Information
- Original List Price: 1,200,000
- Listing Contract Date: 2025-04-22
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5018008014
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C37 - Metropolitan South
- Postal Code Plus 4: 2905
- Directions: East side of the street on Vermont Ave just south of Vernon Ave
- Zoning: LAC2
- Source Property Type: Residential Income
- Area: C37 - Metropolitan South
- Property SubType: Mixed Use
Building and Construction
- Property Age: 95
- Common Walls: No Common Walls
- Property Condition: Fixer,Repairs Cosmetic,Repairs Major
- Structure Type: Mixed Use
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 04/27/2025 @ 05:27
- MLS: PW25090161
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 5,252 sqft, 5,252 sized lot, and 0 parking. are nearby neighborhoods.