Los Angeles, CA 90037 4512 S Vermont Avenue
$1,200,000
6 more
Presented By: Steven Gray with eXp Realty of Greater Los Angeles; 6266691917
- MLS# PW25090161
- 04/24/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 2
Baths • 1
SQFT • 5,252
Home Details
This mix-use property presents a rare RTI (Ready-to-Issue) development opportunity with approved plans and permits to develop a 14 unit all 1B/1B multifamily project, this property is perfect for developers seeking a value-add investment with significant upside. The lot currently includes two buildings, one of which is boarded up, and has an existing tenant (seller will deliver vacant as part of offering and asking price).
The location offers excellent visibility and is surrounded by residential and commercial properties, making it ideal for mixed-use or multifamily housing. The tenant will be vacated before COE, and RTI delivered approved and ready at COE.
Presented By: Steven Gray with eXp Realty of Greater Los Angeles; 6266691917
Interior Features for 4512 S Vermont Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesAllBedroomsDown
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 4512 S Vermont Avenue
Additional Parcels Y/NNo
AppliancesGasOven, GasRange, Refrigerator, WaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Urban
Construction MaterialsBlock
CoolingNone
CountyLos Angeles
Current FinancingOther, Private
DirectionsEast side of the street on Vermont Ave just south of Vernon Ave
ElectricStandard
Electric Expense1.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense1.0
Garage Spaces0.0
Garage Y/NNo
Gross Income16800.0
HOANo
HeatingCombination, SpaceHeater
Home Warranty Y/NNo
Insurance Expense1000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet5252.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income10080.0
New ConstructionNo
Number Of Units Total1
Operating Expense6720.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionFixer, RepairsCosmetic, RepairsMajor
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Security FeaturesWindowBars
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot38
Trash Expense1.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense1.0
Waterfront Y/NNo
Year Built1930
Year Built SourcePublicRecords
ZoningLAC2
Exterior for 4512 S Vermont Avenue
Building Area Total5252.0
Crops Included Y/NNo
FencingChainLink
Foundation DetailsConcretePerimeter, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, NearPublicTransit, Walkstreet, Yard
Lot Size Acres0.1206
Lot Size Area5252.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
Road Frontage TypeAlley, CityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate