A well-located 4-unit income property in the Vermont Square neighbourhood of South Los Angeles, offering 3,372 square feet of building area on a 7,369 square foot lot with ample rear parking, a rare and practical asset in this pocket of the city. The building features three 1-bedroom units and one… Read More 3-bedroom unit, with the 3-bedroom unit to be delivered vacant at close of escrow, providing an immediate opportunity to set market rents from day one.
The oversized lot and ample rear parking present compelling long-term development potential, buyers should explore the feasibility of adding ADUs to the rear of the lot or pursuing a lot split under the California Subdivision Map Act, which may allow the parcel to be subdivided and developed with additional units, subject to city approval and zoning verification. Buyer to independently verify all development potential with the City of Los Angeles Planning Department.
Situated just 2.6 miles from USC and close to the 10 and 110 freeways, the location offers strong tenant demand drivers. The Expo/Western Metro station is approximately 1.4 miles away, and Exposition Park, the Natural History Museum, and the California Science Center are all within five miles. A solid asset with in-place income, a vacant unit ready to reposition, and meaningful long-term upside on an oversized lot. Read Less
Property listed by Edgestone Real Estate, Inc., Sebastian Stofenmacher 818-464-5113
Listing Snapshot
Days Online
24
Last Updated
Property Type
Quadruplex
Lot Size
0.17 Acres
Year Built
1914
MLS Number
PW26106307
Additional Details
Building
Built in 1914, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Curbs
Expenses
Operating: $18,750, Water/Sewer: $1,200
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $75,000, Net Operating Income: $56,250
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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