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6553 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 INFORMATION
| MLS # | 24426631 | Lot Size | 2,502 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,189,000
Price Per SqFt: $ 415 |
DOM | 265 Days |
| Address | 6553 Vermont Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,863 Sq. Ft. |
| Postal Code | 90044 | Garage | N/A |
| County | Los Angeles | Year Built | 1922 |
| Bed / Bath | 5 / 0 | Parking | 3 |
| Built In | 1922 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,268
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/12/2024 | Listed | $575,000 |
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Listing provided courtesy of Armin Soleimani, Global Platinum Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
