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4248 S Vermont Avenue, Los Angeles, CA

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4248 S Vermont Avenue

Los Angeles, CA 90037 - Vermont Harbor MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1913
Stories:1 Building Size:8,928 SF Land Area:.2 AC (8,751 SF)
For Sale Price:$1,900,000 Price/Unit:$271,428.57 Cap Rate:5.00 % GRM:-


Sale Notes:
Located less than a mile from the USC Campus and the Expo/Vermont light rail station linking Downtown L.A. to the beach, this mixed use offering presents a great value add opportunity. Situated at the southeast corner of Vermont Avenue and 42nd Place, the assets consists of 3 structures totalling nearly 9,000 square feet. The 2 parcels total 8,750 square feet, with C2 zoning. There are approximately 6 parking spaces. Buildings consist of a 2,442 SF duplex of a 3+1 and a 2+1 apartment unit; a 5,576 SF mixed use building of 5 single apartments over one retail unit (furniture store that could be divisible into 2 units); and a 910 SF building with a restaurant tenant.

77% apartment units with rental upside
Very walkable location / 84 Walk Score
Minutes from USC and Vermont/Expo light rail
Over 22,000 daily traffic count
Retail tenants are on month-to-month leases
0.6 mile from L.A. Coliseum and future site of new Major League Soccer Stadium

Brookfield Partners
Jay Martinez
(818) 201-3605

Darin Spillman
(818) 201-3621

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