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- LoopNet Team
700 S Vermont Ave
Los Angeles, CA 90005
Prime Koreatown Development Site | Shell Gas · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 700 S VERMONT AVE , LOS ANGELES, CA 90005
Marcus & Millichap, as the exclusive listing agent, is pleased to offer 700 South Vermont, a unique development opportunity located in the midst of Koreatown's thriving and rapidly evolving core. Included in the offering is a Shell gas station business located on the site. The offering's strategic position on 7th and Vermont only one block from the Wilshire/Vermont Metro station and near Koreatown's busy Wilshire corridor is poised to benefit from an effective high-density development solution. Additionally, the inclusion of the highly profitable Shell gas station means that an investor can take advantage of its considerable cash flow during the entitlement process. The offering is ideally placed on Vermont Avenue, one of the main thoroughfares in Koreatown, and is just one block from The Vermont Apartments, which boasts the most expensive apartment rentals in the neighborhood. Dozens of other new developments line nearby streets, with many more planned. 700 South Vermont offers a savvy developer the opportunity to join in Koreatown's energetic transformation.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $568,913 | |
| Land Assessment | $9,671,530 | Total Assessment | $10,240,443 |
PROPERTY TAXES
