Property Detail

Description

Three separate units located in Vermont Square with 1 unit VACANT offering immediate income with upside potential for rent growth or future redevelopment. Perfect for owner-user or due to zoning flexibility perfect for investors, value-add buyers, and long-term redevelopment strategist. Property feautures a 2 bedroom 1 bath collecting $1280, a 1 bedroom 1 bath collecting $1188 and a Large -ready to move in 1 bedroom 1 bath thats vacant and can rent for $2000 Recent improvements include new roofs and copper plumbing, enhancing long-term durability and reducing near-term capital expenses. The RD-1.5 zoning, allowing commercial, residential, or mixed-use development, offers the best of both worlds for future development potential while remaining financeable, as rebuild letter is available (buyer to verify). Yet location is residential having a school across the street but its alley access provides for up to 6 parking spaces or a possible future ADU leaving room for growth ! Excellent opportunity to acquire a versatile multi-unit property in a high-demand central Los Angeles location, just minutes from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and Downtown LA.