6430 S Vermont Ave
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6430 S Vermont Ave
0.17 Acres of Residential Land Offered at $1,050,000 in Los Angeles, CA 90044
Investment Highlights
- 6430 S Vermont Avenue is an opportunity to purchase a 50- by 150-foot commercial lot with the potential for multifamily development.
- With flexible zoning, the site has RTI plans for a 23-unit apartment complex with two affordable units and the option to re-entitle for more.
- Situated close to many amenities and attractions such as Superior Grocers, Five Below, Crypto.com Arena, and the Los Angeles Convention Center.
- In proximity to Augustus Hawkins High School, USC, and neighboring Central Almeda, South Park, and South Figueroa communities.
Executive Summary
6430 S Vermont Avenue presents 0.17 acres of residential land with unlimited development potential in Los Angeles, California. Zoned C2-1-CPIO (Commercial - Community Plan Implementation Overlay District), this site has permitted uses for any commercial use in multifamily, restaurants, shops, offices, and entertainment businesses. This plot of land can be kept as-is for triple-net (NNN) open storage or reworked to bring a developer's dream to life.
Poised for development, the property has building plans that are ready to issue (RTI) to construct an apartment complex comprising 23 units. With the caveat, two of the units are designated as affordable. Alternatively, the project can be re-entitled utilizing ED-1 (Executive Directive 1) to develop 43 100% affordable units.
Strategically located in South Los Angeles or South Central, a culturally rich area home to the University of Southern California (USC), the museums and stadiums of Exposition Park, and the famous Watts Towers. 6430 S Vermont Avenue is less than a mile from various shopping, dining, and entertainment amenities. Interstate 10 is easy to access from W Florence Avenue and Slauson Avenue for those traveling around greater Los Angeles. Developers and investors will find that 6430 S Vermont Avenue is an exceptional destination ready to provide shovel-ready land.
Poised for development, the property has building plans that are ready to issue (RTI) to construct an apartment complex comprising 23 units. With the caveat, two of the units are designated as affordable. Alternatively, the project can be re-entitled utilizing ED-1 (Executive Directive 1) to develop 43 100% affordable units.
Strategically located in South Los Angeles or South Central, a culturally rich area home to the University of Southern California (USC), the museums and stadiums of Exposition Park, and the famous Watts Towers. 6430 S Vermont Avenue is less than a mile from various shopping, dining, and entertainment amenities. Interstate 10 is easy to access from W Florence Avenue and Slauson Avenue for those traveling around greater Los Angeles. Developers and investors will find that 6430 S Vermont Avenue is an exceptional destination ready to provide shovel-ready land.
Property Facts
| Price | $1,050,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Price | $1,050,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.17 AC |
1 Lot Available
Lot 160
| Price | $1,050,000 | Lot Size | 0.17 AC |
| Price Per AC | $6,176,471 |
| Price | $1,050,000 |
| Price Per AC | $6,176,471 |
| Lot Size | 0.17 AC |
50- by 150-foot lot totaling 7,500 square feet. Zoned C2-1-CPIO for commercial uses.
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Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (73)
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Dragon Loco | Chinese | $ | 9 min walk |
| Pizza Amore | Pizza | $ | 9 min walk |
| Winchell's Donut House | - | - | 11 min walk |
| Subway | - | - | 13 min walk |
| Jack In The Box | - | - | 14 min walk |
| McDonald's | - | - | 14 min walk |
| Taco Bell | Fast Food | - | 13 min walk |
| KFC | - | - | 15 min walk |
| El Pollo Loco | - | - | 14 min walk |
Retail |
||
|---|---|---|
| Ross Dress for Less | Other Retail | 13 min walk |
| dd's Discounts | Unisex Apparel | 13 min walk |
| Five Below | Dollar/Variety/Thrift | 13 min walk |
| WSS | Shoes | 13 min walk |
| CVS Pharmacy | Drug Store | 13 min walk |
| Rainbow Apparel | Ladies' Apparel | 13 min walk |
| Carter's | Children Apparel | 13 min walk |
| Superior Grocers | Supermarket | 13 min walk |
| 7-Eleven | Convenience Market | 14 min walk |
| Bank of America | Bank | 15 min walk |
Hotels |
|
|---|---|
| MOXY |
380 rooms
8 min drive
|
| AC Hotels by Marriott |
347 rooms
8 min drive
|
| Ritz-Carlton |
123 rooms
9 min drive
|
| JW Marriott |
878 rooms
9 min drive
|
PROPERTY TAXES
| Parcel Number | 6013-013-017 | Improvements Assessment | $0 |
| Land Assessment | $1,280,000 | Total Assessment | $1,280,000 |
PROPERTY TAXES
Parcel Number
6013-013-017
Land Assessment
$1,280,000
Improvements Assessment
$0
Total Assessment
$1,280,000
zoning
| Zoning Code | C2 (C2-1VL-CPIO) |
| C2 (C2-1VL-CPIO) |
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6430 S Vermont Ave
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