Skip To Content

    1700 S Vermont Avenue

    Los Angeles, CA 90006
    • $1,370,000
    • STATUS: Active Under Contract
    • ON SITE: 26 Days
    • ID#: 320007819
    Under Contract
    UPDATED: 26 min ago
    $1,370,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,776
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    The Residences of Vermont hits the market for the first time in nearly 50 years! This prime 6-unit asset provides incredible value-add repositioning opportunity with 45% rental upside in addition to development potential with C2 zoning w/ Tier 3 TOC. Delivered with current 4.8 CAP and 14.3 GRM on current rents. This 6-unit gated multifamily offering consists of one 2-story building with 4 units, and 2 large, detached bungalow residences. All units are large 1 bedroom/1 bath and include their own entrance and spacious, separate dining room that can be repurposed for den, office, or bedroom. Parking lot can accommodate 5-6 vehicles. This property benefits from significant frontage on Vermont and 17th Place in the thriving, high-density K-Town/Pico Union neighborhood that has been attracting massive investment and development.Tenants have remained current on rent throughout Covid. Close to Loyola High School and USC. Subject to Los Angeles Rent Stabilization Ordinance (RSO).Do not disturb tenants. Buyer to conduct own investigations and verify all information.

    Monthly Payment Calculator



    Based on information from CRISNet MLS as of 2021-10-25T07:55:54.753. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-25T07:55:54.753. 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.
    www.theparsonsrealestateteam.com/homes/121874932
    Print Image

    1700 S Vermont Avenue Los Angeles, CA 90006

    • Price: $1,370,000
    • Status: Active Under Contract
    • Updated: 26 min ago
    • ID#: 320007819
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,776
    SQFT
    $287
    $/SQFT
    1923
    Built
    Neighborhood:
    Not Applicable-105
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    The Residences of Vermont hits the market for the first time in nearly 50 years! This prime 6-unit asset provides incredible value-add repositioning opportunity with 45% rental upside in addition to development potential with C2 zoning w/ Tier 3 TOC. Delivered with current 4.8 CAP and 14.3 GRM on current rents. This 6-unit gated multifamily offering consists of one 2-story building with 4 units, and 2 large, detached bungalow residences. All units are large 1 bedroom/1 bath and include their own entrance and spacious, separate dining room that can be repurposed for den, office, or bedroom. Parking lot can accommodate 5-6 vehicles. This property benefits from significant frontage on Vermont and 17th Place in the thriving, high-density K-Town/Pico Union neighborhood that has been attracting massive investment and development.Tenants have remained current on rent throughout Covid. Close to Loyola High School and USC. Subject to Los Angeles Rent Stabilization Ordinance (RSO).Do not disturb tenants. Buyer to conduct own investigations and verify all information.
    Exterior Features

    Carport Spaces 0.00 Levels Two Lot Size Area 7205.0000 Parking Features Parking Space Parking Total 0.00 Parking YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Property Attached YN Yes Special Listing Conditions Standard Subdivision Name Other Not Applicable-105 Zoning Lac2

    Listing provided courtesy of Jason Insalaco, CA DRE# 01791234, of Kelton Properties.


    Based on information from CRISNet MLS as of 2021-10-25T07:55:54.753. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-10-25T07:55:54.753. 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.
     
    https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_367334344-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_367334344-1.jpg https://bt-photos.global.ssl.fastly.net/crisnet/orig_boomver_1_367334344-1.jpg
    Logo
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101