6553 S Vermont Avenue
Los Angeles, CA 90044
$744,000.00 (+129.39%)
Active for $1,319,000
Beds: 5 Baths: 4 Structure Size: 2,863 sqft Lot Size: 2,502 sqft
| MLS | 24426631 |
| Year Built | 1922 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,319,000 |
| Structure Size | 2,863 sqft |
| Lot Size | 2,502 sqft |
| Beds | 5 |
| Baths | 4 |
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.
Listing information courtesy of: Armin Soleimani, Global Platinum Properties, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
James McClellan
REALTOR®
Direct: 760.793.0439
Email: Email Me
DRE: 01954428
DRE #01873088
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