6551 S Vermont Avenue

Los Angeles, CA 90044

PRICE REDUCED

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-$46,000 (-6.17%)

$699,000

List Price

2

bed Beds

2

shower Baths

1,350 sqft

straighten / sqft

1940

calendar_month Built

Property Description

We are thrilled to present an excellent investment opportunity that includes 3 mixed-use units combining residential and commercial potential. This property covers 1,424 square feet on a C2 Lot (TOC-3) in the vibrant Vermont Corridor. It consists of 2 residential units and 1 commercial space, with RTI plans in place to convert the garage into an ADU. The current vacancies offer immediate potential for increased rental income, making it attractive to savvy investors looking to capitalize on the active local market. Additionally, with two tenants on month-to-month leases, there is significant flexibility for future development or reorganization. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is well-positioned for substantial value growth and will enhance its lively neighborhood.

Listing Information

List Price $699,000
Status Active
MLS 24426751
Type Residential Income
Year Built 1940
Lot Size 2,502
Structure Size 1,350
DOM 73
Courtesy Of Global Platinum Properties, Inc.
Listing Agent Armin Soleimani DRE#01846872
Co-Listing Agent Julio Ruiz DRE#01911261

Interior Features

Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2

Exterior Information

Maps

Listing information courtesy of: Armin Soleimani, Julio Ruiz, Global Platinum Properties, Inc. 310-666-2246. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 24th, 2024 at 6:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.