10500 S Vermont Ave
Los Angeles, CA 90044
Multifamily Property For Sale · 18 Units

11500 South Vermont Avenue is an eighteen-unit apartment community situated on a 10,058-square foot lot (0.23 acres). The property consists of one two-story building that has tuck-under parking on the sides of the property. Boasting an efficient unit mix of all one-bedroom/one-bathroom units, a new owner can depend on the stability of renters who could afford the base lever rents in South LA. Due to its construction in 1964, it is subject to Los Angeles Rent Control ordinance. The apartment units have been well maintained over the lifespan of the ownership. Each unit is separately metered for electricity/gas and there’s a community laundry room for tenants. The property features gated entry; providing privacy and security to all the tenants. In addition, common courtyard can potentially appeal to future tenants with creative use of space through shared amenities. 10500 South Vermont Avenue is located on the corner of Vermont Avenue & 105th Street. Nearby properties along Vermont features retail/office building and 105th features all residential homes, adding a nice dynamic to the asset. Plans are in place for the seismic retrofitting of the tuck-under parking spaces and it will be the new ownership’s responsibility to complete the required work. Lastly the property is conveniently located less than half a mile from the 110 and the 105 freeways allowing tenant the ease and convenience to travel to all parts of Los Angeles.