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1037 S Vermont Ave
Los Angeles, CA 90006
10 Units for $217 PPSF by Koreatown · Multifamily Property For Sale
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10 Units
Investment Highlights
- Courtyard-style bungalow complex resides on a spacious 10,8587 SF lot zoned LAC2
- Comprised of (10) 1-bdrm. bungalow units averaging approx. 800 SF each
- Substantial value-add opportunity, approx. 100% rental upside compared to renovated units in the area
- Offered at $217 per foot, $175,000 per unit, 7.29 market GRM and 10.11% market CAP
- Offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave
- Across the street from 1000 S. Vermont, a project under development spanning a city block featuring 228 units & 50,000 SF of commercial space
Property Facts
| No. Units | 10 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 8,066 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1922 |
| Zoning | LAC2 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 8,066 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | LAC2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $852.50 | - |
Property Taxes
| Parcel Number | 5078-010-007 | Improvements Assessment | $448,800 |
| Land Assessment | $918,000 | Total Assessment | $1,366,800 |
Property Taxes
Parcel Number
5078-010-007
Land Assessment
$918,000
Improvements Assessment
$448,800
Total Assessment
$1,366,800
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