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$1,189,000

Beds
5
sq ft
2,863

6553 S Vermont Ave, Los Angeles, CA 90044

6553 S Vermont Ave

Los Angeles, CA 90044

  • 135 days on market
    • Price drop $130,000↓
7.22% Cap Rate! We are excited to introduce this exceptional investment opportunity, featuring a versatile mixed-use property with five units that seamlessly blend residential and commercial possibilities. The property spans 2,863 square feet on a spacious 5,084 square foot C2 Lot (TOC-3) in the bustling Vermont Corridor. It includes three residential units and two commercial spaces. Currently, one commercial space and one residential unit are vacant, offering the immediate potential for increased rental income, making it an attractive option for savvy investors looking to capitalize on the active local market. In addition, there are ready-to-issue(RTI) plans to convert the garage into a one-bedroom unit. With two tenants on month-to-month leases, there is significant flexibility for future development or restructuring. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is strategically positioned for substantial value growth and has the potential to make a positive impact on its vibrant neighborhood.

Details

Property type

Lot size

2,502 sq ft

Price per sq ft

$416

Year built

1922

HOA

No

Price History

10/24/2024
CLAW

CLAW #24426631

Price change
$1,189,000
-9.86%
09/17/2024
CLAW

CLAW #24426631

Price change
$1,319,000
-0.08%
09/16/2024
CLAW

CLAW #24426631

Price change
$1,320,000
+129.57%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/25/2024 at 8:45 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Armin Soleimani, Global Platinum Properties, Inc. Phone #: (424) 394-1030

MLS: CLAW #24426631

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