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    9015 S Vermont Ave

    Los Angeles, CA 90044
    • $450,000
    • STATUS: Active
    • ON SITE: 77 days
    • MLS #: 21-732520
    UPDATED: 50 min ago
    $450,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Development opportunity. Vacant lot, with current monthly gross scheduled income: $2,116, making about a 4% cap rate, without constructing. Lot has potential to develop 9 residential units (plus or minus), if at least 2 units are affordable to lower income house holds (80% AMI). Proposed project could have first-floor parking, with three residential floors above. The lot is part of the county, and conveniently located near major freeways, Inglewood Stadium project, and LAX. This area could be the next stage of the eastward expansion taking over west Los Angeles. There is a billboard lease, set to expire next year, with opportunity to possibly renegotiate rent. Disclaimer: No Plans have been approved by the county. Renderings in pictures are for marketing purposes only, with no expressed guarantee. Buyer to do their own investigation, to verify county requirements for developing land and getting permits. This information may be deemed unreliable. No guarantee is given. Buyer to verify.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-01T18:42:37.627. 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/117268075
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    9015 S Vermont Ave Los Angeles, CA 90044

    • Price: $450,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 21-732520
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    Metropolitan Southwest
    County:
    Los Angeles
    Area:
    Metropolitan Southwest
    Property Description
    Development opportunity. Vacant lot, with current monthly gross scheduled income: $2,116, making about a 4% cap rate, without constructing. Lot has potential to develop 9 residential units (plus or minus), if at least 2 units are affordable to lower income house holds (80% AMI). Proposed project could have first-floor parking, with three residential floors above. The lot is part of the county, and conveniently located near major freeways, Inglewood Stadium project, and LAX. This area could be the next stage of the eastward expansion taking over west Los Angeles. There is a billboard lease, set to expire next year, with opportunity to possibly renegotiate rent. Disclaimer: No Plans have been approved by the county. Renderings in pictures are for marketing purposes only, with no expressed guarantee. Buyer to do their own investigation, to verify county requirements for developing land and getting permits. This information may be deemed unreliable. No guarantee is given. Buyer to verify.
    Exterior Features

    Horse YN No Lot Description FencedFenced YardStreet LightingStreet PavedValue In LandSingle LotSidewalksRaw Land Lot Location FlatsCity Lot Size Area 5250 Topography Flat View Description None View YN No Water Frontage None

    Property Features

    Assessments Unknown Cable YN No Electric Unknown Land Lease Type Fee Potential Usage Potential To Develop 9 Residential Units (Plus Or Minus)If At Least 2 Units Are Affordable To Lower income House Holds (80% Ami). Present Use Vacant Land Rented For Use As Storage Yard. Public Street YN True Sale Type Standard Site Description CityFlats Source Lot Size Area Other Street Lights YN True Zoning Lcc3yy

    Listing provided courtesy of Joel Daniel Rangel DRE#01827663 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-01T18:42:37.627. 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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