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    9015 S Vermont Avenue

    Los Angeles (City), CA 90044
    • $400,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 21773082
    UPDATED: 42 min ago
    $400,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Development opportunity. Vacant lot, with current monthly gross scheduled income: $2,116, making about a 5% 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. Rendering 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 California Regional Multiple Listing Service, Inc. as of 2021-09-24T23:28:51.397. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/120518422
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    9015 S Vermont Avenue Los Angeles (City), CA 90044

    • Price: $400,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 21773082
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Development opportunity. Vacant lot, with current monthly gross scheduled income: $2,116, making about a 5% 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. Rendering 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

    Lot Features Flat Topography Level View None View YN No

    Property Features

    Additional Parcels YN No Land Lease YN No Listing Agreement Seller Reserved Listing Service Full Service Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning Lcc3yy

    Listing provided courtesy of Joel Daniel Rangel of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T23:28:51.397. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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