800 N Vermont Ave | Los Angeles, CA 90029
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- LoopNet Team
800 N Vermont Ave
Los Angeles, CA 90029
57 Units + 5 Retail - Prime LA Location · Multifamily Property For Sale
·
62 Units
INVESTMENT HIGHLIGHTS
- Heavy value-add opportunity for investors with approximately 47 of 57units delivered vacant at close of escrow.
- Current unit mix consists of 6 one bedroom units, 40 studios, 11 bachelors and 5 ground-floor retail spaces.
- Building has a basement that encompasses almost the full footprint of the structure, making it eligible for approximately 11 ADUs or an amenities room
- Buyer has the ability to renovate and lease units at market rate.
- Value Add - New owner can reconfigure/convert bachelor units to studios, studio units to junior 1 bedrooms, and 1 bedroom units to 1 bedroom plus den
- Building is located in an Opportunity Zone with the potential for large tax benefits.
PROPERTY FACTS
| No. Units | 62 | Lot Size | 0.47 AC |
| Property Type | Multifamily | Building Size | 40,709 SF |
| Property Subtype | Apartment | Average Occupancy | 44% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1925 |
| Zoning | LAC2 - Neighborhood Commercial | ||
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 40,709 SF |
| Average Occupancy | 44% |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | LAC2 - Neighborhood Commercial |
AMENITIES
SITE AMENITIES
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 5539-015-022 | Improvements Assessment | $4,244,832 |
| Land Assessment | $6,367,248 | Total Assessment | $10,612,080 |
PROPERTY TAXES
Parcel Number
5539-015-022
Land Assessment
$6,367,248
Improvements Assessment
$4,244,832
Total Assessment
$10,612,080
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