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1923 S Vermont Avenue

Los Angeles (City), CA 90007
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 302 Days
  • ID#: 21709486
Under Contract
UPDATED: 33 min ago
$2,500,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Neema Ahadian of Marcus & Millichap (310-909-5500)


Description

1917-1923 South Vermont Avenue in an owner-user, investment, or development opportunity in Pico Union one block southeast of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110, a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists of two auto repair tenants and a small restaurant who are on month-to-month gross leases; current income is $119,432 annually. This investment opportunity is ideal for an owner-user to take over the automotive shop or restaurant while collecting income from leasing the other spaces or to takeover the entire property to operate a business. The subject property built in 1935 is currently zoned C2-2D-CPIO in a Tier 3 TOC on a 10,455 SF lot in a highly trafficked location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-20T18:29:18.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Real Estate Group | Compass. Licensed in the State of California, USA.
www.brandonrealestategroup.com/homes/115399234
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1923 S Vermont Avenue Los Angeles (City), CA 90007

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 302 Days
  • Updated: 33 min ago
  • ID#: 21709486
0
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
1917-1923 South Vermont Avenue in an owner-user, investment, or development opportunity in Pico Union one block southeast of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110, a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists of two auto repair tenants and a small restaurant who are on month-to-month gross leases; current income is $119,432 annually. This investment opportunity is ideal for an owner-user to take over the automotive shop or restaurant while collecting income from leasing the other spaces or to takeover the entire property to operate a business. The subject property built in 1935 is currently zoned C2-2D-CPIO in a Tier 3 TOC on a 10,455 SF lot in a highly trafficked location.
Exterior Features

View City Lights View YN Yes

Property Features

Listing Agreement Exclusive Right To Sell Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning C2-2D-Cpio in A Tier 3 T



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-20T18:29:18.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Real Estate Group | Compass. Licensed in the State of California, USA.
 
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Brandon Real Estate Group | Compass
540 S Coast Hwy, Ste 202
Laguna Beach CA, 92651
Listing Agent(s): Neema Ahadian of Marcus & Millichap (310-909-5500)