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9015 S Vermont Ave

Los Angeles, CA 90044
  • $450,000
  • STATUS: Active
  • ON SITE: 75 days
  • MLS #: 21-732520
UPDATED: 43 min ago
$450,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Development opportunity. Vacant lot, with current monthly gross scheduled income: $2,116, making about a 4% cap rate, without constructing. Lot has potential to develop 9 residential units (plus or minus), if at least 2 units are affordable to lower income house holds (80% AMI). Proposed project could have first-floor parking, with three residential floors above. The lot is part of the county, and conveniently located near major freeways, Inglewood Stadium project, and LAX. This area could be the next stage of the eastward expansion taking over west Los Angeles. There is a billboard lease, set to expire next year, with opportunity to possibly renegotiate rent. Disclaimer: No Plans have been approved by the county. Renderings in pictures are for marketing purposes only, with no expressed guarantee. Buyer to do their own investigation, to verify county requirements for developing land and getting permits. This information may be deemed unreliable. No guarantee is given. Buyer to verify.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T16:43:00.817. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jelmbergteam.com/homes/117268075
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9015 S Vermont Ave Los Angeles, CA 90044

  • Price: $450,000
  • Status: Active
  • Updated: 43 min ago
  • MLS #: 21-732520
0
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
Development opportunity. Vacant lot, with current monthly gross scheduled income: $2,116, making about a 4% cap rate, without constructing. Lot has potential to develop 9 residential units (plus or minus), if at least 2 units are affordable to lower income house holds (80% AMI). Proposed project could have first-floor parking, with three residential floors above. The lot is part of the county, and conveniently located near major freeways, Inglewood Stadium project, and LAX. This area could be the next stage of the eastward expansion taking over west Los Angeles. There is a billboard lease, set to expire next year, with opportunity to possibly renegotiate rent. Disclaimer: No Plans have been approved by the county. Renderings in pictures are for marketing purposes only, with no expressed guarantee. Buyer to do their own investigation, to verify county requirements for developing land and getting permits. This information may be deemed unreliable. No guarantee is given. Buyer to verify.
Exterior Features

Horse YN No Lot Description FencedFenced YardStreet LightingStreet PavedValue In LandSingle LotSidewalksRaw Land Lot Location FlatsCity Lot Size Area 5250 Topography Flat View Description None View YN No Water Frontage None

Property Features

Assessments Unknown Cable YN No Electric Unknown Land Lease Type Fee Potential Usage Potential To Develop 9 Residential Units (Plus Or Minus)If At Least 2 Units Are Affordable To Lower income House Holds (80% Ami). Present Use Vacant Land Rented For Use As Storage Yard. Public Street YN True Sale Type Standard Site Description CityFlats Source Lot Size Area Other Street Lights YN True Zoning Lcc3yy

Listing provided courtesy of Joel Daniel Rangel DRE#01827663 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T16:43:00.817. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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