315 N Vermont Ave
0.29 Acres of Commercial Land Offered at $3,950,000 in Los Angeles, CA 90004
Investment Highlights
- Can be entitled for ±60 units (per the Seller)
- Easy access to multiple freeways including the 101, whose entrance is a block away
- Koreatown is an established market for new, market-rate, multifamily development with high rent justification
- Transit-oriented location directly adjacent to the LA Metro Vermont/Beverly Station
- Centralized location allows for quick and easy access to other highly desirable neighborhoods such as Echo Park, Silver Lake and Hollywood
- Frontage along Vermont Ave and positioning next to the Metro station on Beverly Blvd allows for nearly 180 degrees of visibility
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
- Due Diligence
Property Facts
Price | $3,950,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Apartment Units |
Total Lot Size | 0.29 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $3,950,000 |
Price Per AC | $13,854,739 |
Lot Size | 0.29 AC |
Description
Colliers is pleased to offer an all-in-one advantage to anyone looking in Koreatown, greater downtown Los Angeles area for an investment or redevelopment opportunity. Not only is 315 Vermont Avenue zoned for high-density residential or mixed-use development, it is also a prime location that offers easy access to all the restaurants and cultural events the core of Los Angeles has to offer. With access to the Metro Red Line just steps away this potential development makes for a truly unique opportunity.
PROPERTY TAXES
Parcel Number | 5520-019-004 | Improvements Assessment | $0 |
Land Assessment | $3,002,164 | Total Assessment | $3,002,164 |
zoning
Zoning Code | C2-1 |