1923 South Vermont Avenue

Los Angeles, CA 90007

$1,850,000
Last Sold Price
10,456 / 0.24
Lot Size / Acres

Description

1917-1923 South Vermont Avenue in an owner-user, investment, or development opportunity in Pico Union one block southeast of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110, a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists of two auto repair tenants and a small restaurant who are on month-to-month gross leases;...1917-1923 South Vermont Avenue in an owner-user, investment, or development opportunity in Pico Union one block southeast of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110, a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists of two auto repair tenants and a small restaurant who are on month-to-month gross leases; current income is $119,432 annually. This investment opportunity is ideal for an owner-user to take over the automotive shop or restaurant while collecting income from leasing the other spaces or to takeover the entire property to operate a business. The subject property built in 1935 is currently zoned C2-2D-CPIO in a Tier 3 TOC on a 10,455 SF lot in a highly trafficked location.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1923 South Vermont Avenue

Zoning
C2-2D-CPIO in a Tier 3 TOC
Parcel Number
5075036028
Area
Mid Los Angeles (C16)
Lot Size Area
10456
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
5075-036-028
Directions
One block southeast of W Washington Blvd adjacent to Downtown Los Angeles

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By Marcus & Millichap, Neema Ahadian, DRE #01346750

Add your commute
LISTING UPDATED: 05/05/2023 09:43 AM

Property Details for 1923 South Vermont Avenue

StatusSold
MLS #21-709486
Days on Market190
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.24 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By Marcus & Millichap, Neema Ahadian, DRE #01346750

Add your commute

Building Information for 1923 South Vermont Avenue

Lot Size0.24 AC

Payment Calculator

$12,059 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,963

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1923 South Vermont Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.24
  • Lot Size Square Feet: 10456
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 03-23-2021

Property History for 1923 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 1923 South Vermont Avenue

Taxable ValueLand$1,734,000Additions$153,000Total$1,887,000
Tax Record2023$23,557 ($1,963 / month)
Home Facts
Total Finished SqFt4,275 SqFtAbove Grade Finished SqFt4,275 SqFtLot Size10,456 SqFtStyleMiscellaneous CommercialYear Built1935ZoningLAM1CountyLOS ANGELESAPN5075-036-028

Schools near 1923 South Vermont Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - K to 12
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Camino Nuevo Elementary No. 3
CharterK to 8

Foshay Learning Center
PublicK to 12

West Adams Preparatory High School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 Marcus & Millichap, Neema Ahadian, DRE #01346750

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.