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Search Cali Homes Team
1303 S Vermont, Los Angeles, CA 90006
- $4,500,000
Listing courtesy of Listing Agent: Kevin Cooper (kevincooper22@yahoo.com) from Listing Office: eXp Realty of California Inc.
- List Price
- $4,500,000
- Status
- ACTIVE
- Days on Market
- 27
- MLS#
- PW26223742
- Subtype
- Residential Income
- Year Built
- 1922
- Lot Size
- 12,110
- Acres
- 0.28
- MLS Area Major
- Mid Los Angeles (C16)
Property Description
Probably the most infamous and well known intersection in all of Los Angeles, Pico Blvd and Vermont!!! This massive 17,624 sq.ft building is currently operating at a 7.77% CAP and 8.4 GRM. The property is separately metered for gas and electricity. The building is comprised of (16) apartment units and (7) commercial spaces - it is broken down in to (15) 1-Bed/1-Bath, (1) family own restaurant 30 years here (1) beer bar, (2) retail, (1) importer store, (1) tortilleria and (1) religious store. Offering immediate upside in rental income. 1303 S. Vermont Ave. is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters and business owners.
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Additional Information
- Pool Type
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.