6553 S Vermont Avenue Los Angeles, CA 90044
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site44 Days
- MLS StatusActive
- MLS ID Number24426631
- Home Size Source N/A
- Year Built1922
- Lot Size0.0574 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Bungalow
- Parking None
- Parking Spaces 3
- Number of Stories 10
- Acreage 0.0574
- Zoning LAC2
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
Community Features
- Senior Community No
- MLS Area C34 - Los Angeles Southwest