6553 South Vermont Avenue
$1,189,000
5
4
2,863
2,863
$415
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...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.
- Listed by Armin Soleimani • DRE #01846872 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 6553 South Vermont Avenue
Zoning
LAC2
StyleBungalow
Parcel Number6014012002
Total Units4.0
Living Area2863
Source Living AreaOwner
AreaLos Angeles Southwest (C34)
Vacancy Rate50%
LISTING UPDATED: 10/24/2024 11:19 AM
Property Details for 6553 South Vermont Avenue
Status | Active |
---|---|
MLS # | 24-426631 |
Days on Market | 102 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.06 AC / 2,502 SF |
County | Los Angeles County |
Building Information for 6553 South Vermont Avenue
Stories-Residences-Year Built1922Building Size-Lot Size0.06 AC / 2,502 SF
Property Information for 6553 South Vermont Avenue
Property History for 6553 South Vermont Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6553 South Vermont Avenue
Taxable ValueLand$121,874Additions$68,720Total$190,594
Tax Record2024$2,543 ($212 / month)
Home Facts
Total Finished SqFt1,194 SqFtAbove Grade Finished SqFt1,194 SqFtLot Size2,502 SqFtStyleOffice BuildingYear Built1922ZoningLAC2CountyLOS ANGELESAPN6014-012-002
Schools near 6553 South Vermont Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
ICEF Lou Dantzler Preparatory Academy Charter CharterK to 8 | ||
John Muir Middle School Public6 to 8 | ||
George Washington Preparatory High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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