1037 S Vermont Avenue, Los Angeles, CA 90006

About this property

We are pleased to present 1037 S. Vermont, a ten-unit courtyard-style bungalow complex located in a federal opportunity zone just south of Koreatown. Residing on a spacious 10,857 SF lot zoned LAC2, the property features (10) 1-bdrm. units that offer approx. 100% rental upside compared to renovated units in the area. 1037 S. Vermont is offered at $217 per foot, $175,000 per unit, 7.29 market GRM, and 10.11% market CAP. The property is across the street from a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground-floor leased by Target). Please note that 1037 S. Vermont is offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave, three blocks east of the subject property.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,340,000

Sold October 2023 · listed $1,750,000, on market July 2023 · MLS #23293737 · Source: CRMLS

Listing Agent: Kenny Stevens · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Kenny Stevens · Compass

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