1303 S Vermont, Los Angeles, CA 90006
1303 S Vermont, Los Angeles, CA 90006
1303 S Vermont, Los Angeles, CA 90006
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Emmanuel Alba

Emmanuel Alba

+1(323) 864-0021
$4,500,000
Est. payment /mo
0.28 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26223742

HOA Y/N No

Year Built 1922

Lot Size 0.278 Acres

Property Sub-Type Mixed Use

Property Description

Probably the most infamous and well known intersection in all of Los Angeles, Pico Blvd and Vermont!!! This massive 17,624 sq.ft building is currently operating at a 7.77% CAP and 8.4 GRM. The property is separately metered for gas and electricity. The building is comprised of (16) apartment units and (7) commercial spaces - it is broken down in to (15) 1-Bed/1-Bath, (1) family own restaurant 30 years here (1) beer bar, (2) retail, (1) importer store, (1) tortilleria and (1) religious store. Offering immediate upside in rental income. 1303 S. Vermont Ave. is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters and business owners.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Gutter(s), Park, Street Lights, Sidewalks

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5075001001

Energy Description 5000.0

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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Listed by Kevin Cooper eXp Realty of California Inc 562-618-8202, DRE #01203855

NEARBY SCHOOL & BUSINESS

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