$2,300,000
11316 S Vermont AVE Los Angeles, CA 90044
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$2,300,000
Est. payment /mo
0.37 Acres Lot
Active Under Contract
11316 S Vermont AVE Los Angeles, CA 90044
UPDATED:
11/06/2024 11:41 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID PW24188285
HOA Y/N No
Year Built 1928
Lot Size 0.367 Acres
Property Description
This listing includes three distinct areas: 11316-11318 S. Vermont Ave., Los Angeles, CA 90044, which features an approximately 8,000 SF lot with a 4,632 SF retail building, and 11331 Southwest Blvd., Los Angeles, CA 90044, an 8,198 SF parking lot. The 4,632 SF retail building, located in a prime roadside position, previously generated $10,000 per month in rental income, while the adjacent 8,200-square-foot parking lot adds an additional $4,000 per month.
This presents a prime opportunity for an owner-user or investor, with a profitable commercial property in a thriving and highly accessible location, just under 10 minutes from Freeways 110, 105, and 710. With continuous development in the area in anticipation of the 2028 LA Olympics, this property offers excellent potential for future value appreciation. Additionally, it is conveniently located within 5 miles of SoFi Stadium, making it perfectly positioned for growth. Don’t miss out on this exceptional investment opportunity.
This presents a prime opportunity for an owner-user or investor, with a profitable commercial property in a thriving and highly accessible location, just under 10 minutes from Freeways 110, 105, and 710. With continuous development in the area in anticipation of the 2028 LA Olympics, this property offers excellent potential for future value appreciation. Additionally, it is conveniently located within 5 miles of SoFi Stadium, making it perfectly positioned for growth. Don’t miss out on this exceptional investment opportunity.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning C2-1, R-1
Interior
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Present Use Commercial
Total Parking Spaces 12
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 6075009024
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Peter Lee • Coldwell Banker Best Realty • 2138208005