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Multifamily

6501 S Vermont Ave

6501 S Vermont Ave, Los Angeles, CA 90044

Listing Price: $3,250,000

Cap Rate
4.47%
Number of Units
22
Price/Unit
$147,727
Price/Gross SF
$372.11
Gross SF
8,734

Investment Overview

The Neema Group of Marcus & Millichap is pleased to present 6501 S Vermont Ave, a 22_-unit investment opportunity located on the main thoroughfare of Vermont Ave in South Los Angeles just south of W Gage Ave with easy access to the 110 Freeway. Built in 1928, there is strong cash flow in place with a CAP rate of 4.47% on current income with an additional 26% upside in rents. The unit mix consists of 19 singles and 3 one-bedrooms apartment units. The ownership just built two ADU’s a single and a one bedroom that will be delivered vacant. Additionally, three additional single units will be delivered vacant at the close of escrow allowing an investor to achieve market rents for those units immediately. The subject property is being offered at a 11.44 GRM on current income with a pro forma CAP rate of 6.68%. Six units have recently been renovated with new flooring, ceiling fans, a stainless steel kitchen refrigerator and oven, countertops, and a fresh coat of paint. In addition, there is community laundry for the building. Vermont Harbor is a densely populated neighborhood in South Los Angeles just below USC and Exposition Park. The location provides convenient access to the 110 Freeway and Downtown Los Angeles. The subject property is located nearby Vermont Gage Pocket Park, John Muir Middle School, Augustus Hawkins High School, and the Vermont Slauson Shopping Mall.

Investment Highlights

  • 6501 S Vermont Ave, a 22-unit investment opportunity located on the main thoroughfare of Vermont Ave in South Los Angeles
  • Built in 1928, there is strong cash flow in place with a CAP rate of 4.47% on current income with an additional 26% upside in rents
  • 19 singles and 3 one-bedrooms apartment units. The ownership just built two ADU's, a single and a one bedroom that will be delivered vacant.
  • Additionally, three additional single units will be delivered vacant at the close of escrow allowing an investor to achieve market rents for those units
  • The subject property is being offered at a 11.44 GRM on current income with a pro forma CAP rate of 6.60%.
  • Six units have recently been renovated with new flooring, ceiling fans, a stainless steel kitchen refrigerator and oven, countertops, + more

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    (310) 909-5444

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    First Vice President Investments

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

Financing By

Multifamily

6501 S Vermont Ave

Listing Price: $3,250,000

Cap Rate
4.47%
Number of Units
22
Price/Unit
$147,727
Price/Gross SF
$372.11
Gross SF
8,734

Investment Highlights

  • 6501 S Vermont Ave, a 22-unit investment opportunity located on the main thoroughfare of Vermont Ave in South Los Angeles
  • Built in 1928, there is strong cash flow in place with a CAP rate of 4.47% on current income with an additional 26% upside in rents
  • 19 singles and 3 one-bedrooms apartment units. The ownership just built two ADU's, a single and a one bedroom that will be delivered vacant.
  • Additionally, three additional single units will be delivered vacant at the close of escrow allowing an investor to achieve market rents for those units
  • The subject property is being offered at a 11.44 GRM on current income with a pro forma CAP rate of 6.60%.
  • Six units have recently been renovated with new flooring, ceiling fans, a stainless steel kitchen refrigerator and oven, countertops, + more

Investment Overview

The Neema Group of Marcus & Millichap is pleased to present 6501 S Vermont Ave, a 22_-unit investment opportunity located on the main thoroughfare of Vermont Ave in South Los Angeles just south of W Gage Ave with easy access to the 110 Freeway. Built in 1928, there is strong cash flow in place with a CAP rate of 4.47% on current income with an additional 26% upside in rents. The unit mix consists of 19 singles and 3 one-bedrooms apartment units. The ownership just built two ADU’s a single and a one bedroom that will be delivered vacant. Additionally, three additional single units will be delivered vacant at the close of escrow allowing an investor to achieve market rents for those units immediately. The subject property is being offered at a 11.44 GRM on current income with a pro forma CAP rate of 6.68%. Six units have recently been renovated with new flooring, ceiling fans, a stainless steel kitchen refrigerator and oven, countertops, and a fresh coat of paint. In addition, there is community laundry for the building. Vermont Harbor is a densely populated neighborhood in South Los Angeles just below USC and Exposition Park. The location provides convenient access to the 110 Freeway and Downtown Los Angeles. The subject property is located nearby Vermont Gage Pocket Park, John Muir Middle School, Augustus Hawkins High School, and the Vermont Slauson Shopping Mall.

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    (310) 909-5444

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

  • Leonardo Laterza

    First Vice President Investments

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

Financing By

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