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 |
| 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 |
Site Amenities
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 5539-015-022 | Improvements Assessment | $4,161,600 |
| Land Assessment | $6,242,400 | Total Assessment | $10,404,000 |
PROPERTY TAXES
Parcel Number
5539-015-022
Land Assessment
$6,242,400
Improvements Assessment
$4,161,600
Total Assessment
$10,404,000
zoning
| Zoning Code | LAC2 (Neighborhood Commercial) |
| LAC2 (Neighborhood Commercial) |
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