6553 S Vermont Avenue, Los Angeles, CA 90044
-
Listed Price :
$1,189,000
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Beds :
5
-
Baths :
4
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Property Size :
2,863 sqft
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Year Built :
1922
Property Description
7.22% Cap Rate! We are excited to introduce this exceptional investment opportunity, featuring a versatile mixed-use property with five units that seamlessly blend residential and commercial possibilities. The property spans 2,863 square feet on a spacious 5,084 square foot C2 Lot (TOC-3) in the bustling Vermont Corridor. It includes three residential units and two commercial spaces. Currently, one commercial space and one residential unit are vacant, offering the immediate potential for increased rental income, making it an attractive option for savvy investors looking to capitalize on the active local market. In addition, there are ready-to-issue(RTI) plans to convert the garage into a one-bedroom unit. With two tenants on month-to-month leases, there is significant flexibility for future development or restructuring. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is strategically positioned for substantial value growth and has the potential to make a positive impact on its vibrant neighborhood.
Interior Features
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
6553 S Vermont Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90044 |
| County |
Los Angeles |
| Listing Agent |
Armin Soleimani DRE #01846872 |
| Co-Listing Agent |
Julio Ruiz DRE #01911261 |
| Courtesy Of |
Global Platinum Properties, Inc. |
| List Price |
$1,189,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,863 |
| Lot Size |
2,502 |
| Year Built |
1922 |
Listing information courtesy of: Armin Soleimani, Julio Ruiz, Global Platinum Properties, Inc.. *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.
