1037 S Vermont Ave

1037 S Vermont Ave, Los Angeles, CA 90006

$1,340,000

1037 S Vermont Ave

10 Beds 10 Baths 8,066 Sq.Ft. 10,857 Sq.Ft.

Inquire

Description

We are pleased to present 1037 S. Vermont, a ten-unit courtyard-style bungalow complex located in a federal opportunity zone just south of Koreatown. Residing on a spacious 10,857 SF lot zoned LAC2, the property features (10) 1-bdrm. units that offer approx. 100% rental upside compared to renovated units in the area. 1037 S. Vermont is offered at $217 per foot, $175,000 per unit, 7.29 market GRM, and 10.11% market CAP. The property is across the street from a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground-floor leased by Target). Please note that 1037 S. Vermont is offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave, three blocks east of the subject property.

Share Property

Location

1037 S Vermont Ave, Los Angeles, CA 90006

Status

Sold

Date Sold

October 24, 2023

Matthew Wittbrodt

title Agent
PHONE (424) 653-0748
EMAIL [email protected]
DRE # 02086080

Features & Amenities

Interior

total bedrooms10
Total bathrooms10
Laundry room None
APPLIANCES Built-Ins, Freezer, Range/Oven, Refrigerator

Area & Lot

Status Sold
Date Sold October 24, 2023
Living Area8,066 Sq.Ft.
Lot Area10,857 Sq.Ft.
MLS® ID23-293737
TypeMulti-Family
YEAR BUILT1922
NeighborhoodLos Angeles
Architecture StylesBungalow
View DescriptionNone

Exterior

STORIES1
parkingNone
HEAT TYPEWall
AIR CONDITIONINGWall/Window
security FeaturesGated

Financial

Sales Price$1,340,000
Zoning LAC2

Living

Luxury real estate means going above and beyond the client’s expectations. Whatever luxury means to you, I am here to help you seek it. Experience luxury with me.

Let's Connect Browse Homes

Contact Details

Phone

(310) 295-0264

[email protected]

Address

433 N Camden Dr Suite 600 Beverly Hills CA 90210 15760 Ventura Blvd Suite 100 Encino CA 91436 11911 San Vicente Blvd Suite 330 Los Angeles Ca 90049 LISA YACOUBIAN | CA DRE# 01170787

Submit a Message

Middle Name

Name

Phone

Message

I agree to be contacted by Lisa Yacoubian with Lisa Anoush Yacoubian via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Consent is not a condition of purchase of any goods or services. Privacy Policy.