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    4324 S Vermont Ave

    Los Angeles, CA 90037
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 32 days
    • MLS #: 21-754308
    Under Contract
    UPDATED: 54 min ago
    $1,150,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present 4324 S Vermont Avenue located in Los Angeles, California. The Offering consists of 6,132 square feet of vacant land, zoned C2-1VL-CPIO and is a Tier 3 TOC corner lot with alley access. The Subject property is being sold with fully approved RTI (Ready-to-Issue) plans to build a 5-story, 16 unit apartment building. All units will be 3 Bedroom and 2 Bathroom, about 940 square feet in size with open layout and washer/dryer hookups. 12 of the 16 units will feature its own private balcony and parking will be on-grade (street level). Approved total building area will be 17,121 square feet with a approved floor area of 15,791 square feet. The approved housing covenant allows 14 units to be rented at market rent and 2 units to be rented at the affordable housing rate. The sale price includes what the owner spent for the City of Los Angeles to build underground electrical conduits and to install a brand new fire hydrant in front of the property, which amounted to approximately $100,000. The prior structure was demolished with city approved demolition permits and the sewer line was capped. The Property is surrounded by a newly installed security gate and iron bar. The Offering is well located within 1 mile of USC and proximate to the LA Coliseum & SoFi Stadium where the 2028 Olympic games will be held.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-31T17:42:45.953. 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.
    www.deserthouseseekers.com/homes/118805349
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    4324 S Vermont Ave Los Angeles, CA 90037

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • MLS #: 21-754308
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to present 4324 S Vermont Avenue located in Los Angeles, California. The Offering consists of 6,132 square feet of vacant land, zoned C2-1VL-CPIO and is a Tier 3 TOC corner lot with alley access. The Subject property is being sold with fully approved RTI (Ready-to-Issue) plans to build a 5-story, 16 unit apartment building. All units will be 3 Bedroom and 2 Bathroom, about 940 square feet in size with open layout and washer/dryer hookups. 12 of the 16 units will feature its own private balcony and parking will be on-grade (street level). Approved total building area will be 17,121 square feet with a approved floor area of 15,791 square feet. The approved housing covenant allows 14 units to be rented at market rent and 2 units to be rented at the affordable housing rate. The sale price includes what the owner spent for the City of Los Angeles to build underground electrical conduits and to install a brand new fire hydrant in front of the property, which amounted to approximately $100,000. The prior structure was demolished with city approved demolition permits and the sewer line was capped. The Property is surrounded by a newly installed security gate and iron bar. The Offering is well located within 1 mile of USC and proximate to the LA Coliseum & SoFi Stadium where the 2028 Olympic games will be held.
    Exterior Features

    Lot Size Area 6133 View Description None View YN No

    Property Features

    Cable YN No Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-31T17:42:45.953. 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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