9811 South Vermont Avenue

9811 South Vermont Avenue

Los Angeles, CA 90044

$680,000
Price
4,800 / 0.11
Lot Size / Acres
a view of a house
a sign on the wall of a building
a bathroom with a bathtub
a view of a backyard of the house
a bathroom with a shower
a view of a backyard
a view of car parked in parking lot
a view of an empty room with a window
a street sign on a wall
a close up of a street sign

Description

Screaming deal! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there...Screaming deal! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a teardown. Seller had tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. See the renderings for the proposed building and business. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Additional photos of another post office box business are included for visualization purposes. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. The restrictive SB-8 may not apply due to the property being commercial. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of leases, one now on a month to month basis, are included herein for reference. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only if deemed necessary and requested by the buyer because the house is considered to be a teardown. Also, because it is being sold for land value, sign, and its income stream only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Do not disturb occupants. Incredible deal. Make it yours.
  1. Listed by David Bond • DRE #00580597 • Brokerage DRE #00580597 • David Bond

Property Details for 9811 South Vermont Avenue

Water Front
None
Zoning
LCC3YY
Cross Streets
Vermont Avenue and 98th Street
Parcel Number
6056018001
Area
Metropolitan Southwest (C36)
Lot Size Area
4800
Source Lot Size Area
Assessor
Present Use
Commercial storage use and signage rental.

Location

Listing Courtesy of David Bond, David Bond, DRE #00580597
Add your commute
LISTING UPDATED: 05/10/2024 12:01 AM

Property Details for 9811 South Vermont Avenue

StatusActive
MLS #24-387557
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.11 AC
CountyLos Angeles County

Location

Listing Courtesy of David Bond, David Bond, DRE #00580597
Add your commute

Building Information for 9811 South Vermont Avenue

Lot Size0.11 AC

Payment Calculator

$4,219 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,711

Property Taxes

$508

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9811 South Vermont Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
  • Water: District
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Court Approval Not Required
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Lease Per Month Year: See Remarks
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Month to Month
  • Land Lease Amount Per Year: $62,400.00
  • Horse: No
  • Special Zoning: Other
  • Additional Parcel Number: No
  • Lot Acreage: 0.1093
  • Lot Size Square Feet: 4800
  • Lot Size Dimensions: 40x120
  • Source Lot Size Dimensions: Assessor
  • Lot Description: Alley Paved, Curbs, Gutters, Fenced
  • Lot Location: Alley Access
  • Telephone: 1.0
  • Telephone Service: In Street
  • Cable: 1.0
  • Electric: In Street
  • Gas: In Street
  • Road Frontage: Vermont Ave.
  • Public Street: Yes
  • Staked: 0.0
  • Usable Land Percent: 100.00%
  • Current Geological: No
  • Fenced: Front and rear fencing.
  • Possible New Zone: Check with County.
  • Assessments: Buyer to Verify
  • Reports On File: None
  • Topography: Flat
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-02-2024
  • Listing Terms: Cash, Cash To New Loan

Property History for 9811 South Vermont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9811 South Vermont Avenue

Taxable ValueLand$366,000Additions$91,500Total$457,500
Tax Record2023$6,096 ($508 / month)
Home Facts
Beds2Total Finished SqFt896 SqFtAbove Grade Finished SqFt896 SqFtLot Size4,697 SqFtStyleSingle Family ResidenceYear Built1924ZoningLCC3YYCountyLOS ANGELESAPN6056-018-001

Schools near 9811 South Vermont Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Ninety-Fifth Street Elementary School
Public - K to 5
Bret Harte Preparatory Middle School
Public - 6 to 8
George Washington Preparatory High School
Public - 9 to 12
Alliance Judy Ivie Burton Technology Academy High School
Charter - 9 to 12
Rating
School
Distance
Ninety-Fifth Street Elementary School
PublicK to 5

Bret Harte Preparatory Middle School
Public6 to 8

George Washington Preparatory High School
Public9 to 12

Alliance Judy Ivie Burton Technology Academy High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 9811 South Vermont Avenue, Los Angeles, CA 90044

9811 South Vermont Avenue is a 0.11 ac of land for sale in Los Angeles, CA 90044. This property was listed for sale on May 2, 2024 by David Bond, it's currently listed at $680,000. It has been on the market for a total of 30 days and was last sold on June 7, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Ninety-Fifth Street Elementary School, Bret Harte Preparatory Middle School and George Washington Preparatory High School. 9811 South Vermont Avenue is a 0-bed, 0-bath, 0.11 ac of land on a 4,800 sq. ft. / 0.11 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of David Bond, David Bond, DRE #00580597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.