8625-8629 S Vermont Ave - Apartments FOR SALE


Los Angeles, CA 90044- Westmont
$1,650,000 USD
213-225-7223
8625-8629 S Vermont Ave, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/20
null | 7.7% Cap Rate

8625-8629 S Vermont Ave
Los Angeles, CA 90044
Westmont


OVERVIEW

We are proud to present 8629 S Vermont Ave, a rare, creative compound in Los Angeles, offered at an 8.26 GRM and a 7.70% 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 Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

10

PRICE/UNIT

$165,000

CAP RATE

7.7%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated and 100% Leased!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,401 SF

ZONING

LCC3YY

APN/PARCEL ID

6047-003-006,6047-003-007

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.