Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

10

Building size

6,216 sqft

Lot size

10,401 sqft

Year built

1927

Stories

2

Heating

Wall Furnace

Status

Active

Days on market

238

MLS #

238930134

About this property

We are proud to present 8629 S Vermont Ave, a rare, creative compound in Los Angeles, offered at an 7.38 GRM and a 8.45% CAP on actual rents, with 19 parking spaces available on site. This mixed-use property is comprised of one, two-story building consisting of a total of 6,216 rentable square feet. Built in 1927 the property has undergone significant renovations and sits on an LCC3YY zoned two parcel assemblage corner lot with street access on two sides plus alley access totaling 10,401 square feet of land. The unit mix features four (4) studios, four (4) one-bedroom one-bathroom units, and two (2) commercial units currently occupied by the seller. The second parcel is a paved lot, currently being used as parking with gated and remote access, offering a total of 19 secure on-site parking spaces with fantastic ingress/egress with parking access from Vermont Ave and the alley. Located on the corner of W 87th St and Vermont Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. Contact the listing broker for additional information.

Location

8629 S Vermont Avenue

Los Angeles, Los Angeles, CA, 90044