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Buy a propertyat 1037 S Vermont Avenue, Los Angeles, CA 90006

$1,750,000

$0/mo

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Multifamily

8,066 Sq. Ft.

10,857 Sq. Ft. lot

10 Bedrooms

0 Bathrooms

295 Days on market

23293737 MLS ID

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About 1037 S Vermont Avenue property

We are pleased to present 1037 S. Vermont, a ten-unit courtyard-style bungalow complex located in a federal opportunity zone just south of Koreatown. Residing on a spacious 10,857 SF lot zoned LAC2, the property features (10) 1-bdrm. units that offer approx. 100% rental upside compared to renovated units in the area. 1037 S. Vermont is offered at $217 per foot, $175,000 per unit, 7.29 market GRM, and 10.11% market CAP. The property is across the street from a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground-floor leased by Target). Please note that 1037 S. Vermont is offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave, three blocks east of the subject property.
We are pleased to present 1037 S. Vermont, a ten-unit courtyard-style bungalow complex located in a federal opportunity zone just south of Koreatown. Residing on a spacious 10,857 SF lot zoned LAC2, the property features (10) 1-bdrm. units that offer approx. 100% rental upside compared to renovated units in the area. 1037 S. Vermont is offered at $217 per foot, $175,000 per unit, 7.29 market GRM, and 10.11% market CAP. The property is across the street from a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground-floor leased by Target). Please note that 1037 S. Vermont is offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave, three blocks east of the subject property.

Property details

Appliances & Equipment

Refrigerator

Bathrooms

10 total bathrooms

Bedrooms

10 total bedrooms

Building

1 total stories

Built in 1922

8,066 sqft living area

8066 total building sqft

Bungalow

Community

Gated

Cooling

Wall/Window Unit(s)

Heating

Wall Furnace

Income

Gross Income: 119988

Net Operating Income: 59958

Listing

Listing ID: 23293737

8 days on market

Listed on 2023-07-24

Location

County: Los Angeles

Lot

10857 sqft

0.2492 acres

Area: 10857

Property

Single building

10 units

Security Features

Gated Community

Monthly cost

Estimated monthly cost

$11,152/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,645,000

+$52,500

$1,697,500

Seller agent commission$52,500 (3%)*

$0 (0%)

Buyer agent commission$52,500 (3%)*

$52,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: May 15, 2024 at 3:08 a.m.

Data updated: Aug 1, 2023 at 11:05 a.m.

Property listed by Compass, Kenny Stevens
Based on information from California Regional Multiple Listing Service, Inc. as of 08/01/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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