Nicholas Petrosian - Commercial Real Estate Showcase

Nicholas Petrosian Property Listings
Vice President of Investments
RE/MAX Commercial & Investment Realty
550 S Hope St
Suite 500
Los Angeles, CA 90071-2627
(562) 846-4082
(213) 817-1001

10953 S Vermont Avenue

Los Angeles, CA 90044-3041 - Westmont MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:-
Stories:1 Building Size:3,464 SF Land Area:.21 AC (9,004 SF)
For Sale Price:$860,000 Price/Unit:$122,857.14 Cap Rate:5.40 % GRM:-


Sale Notes:
The subject property consists of seven (7) apartment units, all single-story with a detached layout. The asset features a well balanced unit mix of studios, 1-bedroom and 2-bedroom units that are separately metered for gas and electricity with room to increase rents. Furthermore, the building is located in an unincorporated community of South Los Angeles known as Westmont District. Because of its location, the subject property has the advantage of NO RENT CONTROL! This offering presents an excellent opportunity for the astute investor to take advantage of a well located NON-RENT CONTROLLED asset, immediately raise rents and increase cash flow.

* The 1-bedroom unit is permitted as office space and has been operating as an apartment for decades.
On the corner of S. Vermont Avenue and East 109th Place.
NO RENT CONTROL Well Balanced Unit Mix Great Rental Location Upside In Rental Income Garage And Open Space Parking Excellent Proximity To 110 Freeway

RE/MAX Commercial & Investment Realty
Nicholas Petrosian
(562) 846-4082

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