7609 Vermont Avenue , Los Angeles, CA - 90044 is For Sale

$1,479,000· Income property

Description

Excellent property for ripe for Developers. It currently has a mixed use tenants. 4 large Residential units upstairs with 4 commercial tenants downstairs. Most are on month to month with the exception of the hair salon which renews 4/2020. All units have upside in the rents. However, with development across the street of 50+ units we have the opportunity to develop as well the TOC. Neighboring property may also be interested in sale and development as well.

Features

MLS#: 19486840
List Price : $1,479,000
Total Units : N/A
CAP rate : $4.30
Gross Operating Income : $98,820
Net Operating Income : $75,147
Sq M : 1,049 M2
Year Built : 1912
Days on market : 99 Days
Gross taxes : N/A
Address : 7609 Vermont Avenue
City : Los Angeles
State : CA
Zip Code : 90044
Neighborhood : N/A
Stories : 2
Laundry : See Remarks
Parking Features : Street, Driveway, Oversized, Uncovered
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,479,000
Acres : 0.2593
Lot Size (Acres) : 0.2593
Parking Features : Street, Driveway, Oversized, Uncovered
Cooling : None
Driving Directions : 110 Freeway exit Florence. Head West on Florence to turn Left at Vermont. It is on the right hand side.
 
Courtesy of : David Hurtado , DHG Realty

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