Detail

Updated on April 11, 2019 at 11:55 pm

  • Land Area: 47,779 sq ft
  • Property Size: 28,020 sq ft
  • Price: $16,000,000

Description

INVESTMENT OVERVIEW
• Entitlements near completion: 102 residential units + 18,000 sq.ft. ground floor commercial space
• Parking plan includes one level subterranean + ground floor
• Signalized northeast corner of Vermont Avenue & Clinton Street
• Frontage: 250′ on Vermont; 280′ on Clinton; 100′ on Juanita
• Nearby schools and colleges include: Los Angeles City College; Braille Institute; American Career College; West Coast University; Dayton Heights Elementary School; University of Southern California; Kaiser Permanente Children’s Hospital
• One block north of the Hollywood (101) Freeway
• Close to Metro Red Line subway stations at Vermont/Beverly and Vermont/Santa Monica
• Easy access to Koreatown, Hollywood, Downtown Los Angeles
• In place income while finalizing plans
• Permits still need to be pulled
• Final construction plans not included
• Located in Opportunity Zone* (tax benefits)

EXISTING STRUCTURES
• Total building SF: 28,020
• Total land SF: 47,779
• Zoned LA R3 & LA C2
• Assessor’s parcel numbers 5539-022-011,012,024,034
• 2017 traffic count at Vermont Avenue and Clinton Street: 52,315 vehicles per day
• Current annual gross income: $246,000 (2 tenants plus billboard income; 1 vacancy)
• Council District 13: Mitch O’Farrell
• Neighborhood Council: East Hollywood
• Business Improvement District: East Hollywood
• Recent clean environmental report (see property brochure)

* Major Properties makes no representations as to the benefit of buying a property in an Opportunity Zone. You are advised to seek tax advice from a qualified professional in regard to these matters.

Property Documents

  • Marketing Package for 600-622 N Vermont Ave
  • Address: 600 N Vermont Ave 622 N Vermont Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90004
  • Neighborhood: Koreatown
  • Country: United States

Contact info

Anthony S. Behar
Anthony S. Behar
213.747.8426310.880.2329
Facebook Twitter Linkedin
Martin S. Beck
Martin S. Beck
213.222.1202323.314.7729

Inquire about this property

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