600-622 N Vermont Ave
Los Angeles, CA 90004
Mixed-Use Development Site · Land For Sale · 1.10 AC

INVESTMENT OVERVIEW • Entitlements near completion: 102 residential units + 18,000 sq.ft. ground floor commercial space • Parking plan includes one level subterranean + ground floor • Signalized northeast corner of Vermont Avenue & Clinton Street • Frontage: 250' on Vermont; 280' on Clinton; 100' on Juanita • Nearby schools and colleges include: Los Angeles City College; Braille Institute; American Career College; West Coast University; Dayton Heights Elementary School; University of Southern California; Kaiser Permanente Children's Hospital • One block north of the Hollywood (101) Freeway • Close to Metro Red Line subway stations at Vermont/Beverly and Vermont/Santa Monica • Easy access to Koreatown, Hollywood, Downtown Los Angeles • In place income while finalizing plans • Permits still need to be pulled • Final construction plans not included • Located in Opportunity Zone* (tax benefits) EXISTING STRUCTURES • Total building SF: 28,020 • Total land SF: 47,779 • Zoned LA R3 & LA C2 • Assessor’s parcel numbers 5539-022-011,012,024,034 • 2017 traffic count at Vermont Avenue and Clinton Street: 52,315 vehicles per day • Current annual gross income: $246,000 (2 tenants plus billboard income; 1 vacancy) • Council District 13: Mitch O'Farrell • Neighborhood Council: East Hollywood • Business Improvement District: East Hollywood • Recent clean environmental report (see property brochure) * Major Properties makes no representations as to the benefit of buying a property in an Opportunity Zone. You are advised to seek tax advice from a qualified professional in regard to these matters.