Detail

Updated on August 8, 2022 at 5:02 pm

  • Land Area: 18,250 sq ft
  • Property Size: 18,250 sq ft
  • Price: $6,399,000
  • Year Built: 1932

Description

Prime multi-family or mixed-use development purchase opportunity
• 6,480 sq.ft. of buildings on 18,250 sq.ft. of land
Current zoning allows 45 market units by right (verify with City)
• Tier 3 TOC encourages the construction of affordable housing near bus and train stations with a 70% increase in density/50% increase in FAR
Also ideal for owner/user restaurant/catering business (existing grease trap clarifier)
Two existing buildings with abundant parking
Block-to-block parcel between Vermont Avenue and New Hampshire Avenue
Prime location just south of Pico Boulevard and 1-mile west of Downtown Los Angeles
1.5-miles north of USC and 2.1-miles north of the Memorial Coliseum and the $1-billion George Lucas Museum of Narrative Art (estimated 2023 completion)
Southeast gateway to Mid-Wilshire and Koreatown

Property Documents

  • Marketing Package for 1331 S Vermont Ave
  • Address: 1331 S Vermont Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90006
  • Country: United States

Features

Contact info

Martin S. Beck
Martin S. Beck
213.222.1202323.314.7729
Linkedin

Inquire about this property

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