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.
Property Details
Price:
$1,188,000
MLS #:
24426631
Status:
Active
Baths:
0
Address:
6553 S Vermont Avenue
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Aug 12, 2024
State:
CA
ZIP:
90044
Lot Size:
2,502 sqft / 0.06 acres (approx)
Year Built:
1922
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
3.00
Financial
Map
Community
- Address6553 S Vermont Avenue Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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6553 S Vermont Avenue
Los Angeles, CA
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