Mixed-Use
4720 S Vermont Ave
4720 S Vermont Ave, Los Angeles, CA 90037
Listing Price: $799,000
Investment Overview
Marcus and Millichap is pleased to present for sale a 600,1 square foot mixed-use property located on South Vermont Avenue just south of Vernon Avenue. Currently zoned C2 the property is also situated within a Tier 3 Transit Oriented Community (“TOC”) zone which allows for approximately 70% more units to be constructed on the lot. The current structure is configured with 2 retail tenants occupying the bottom floor and 2 one bedroom one bath units on the second floor. There is approximately 90% upside in the current operation of the property through renovation and market rate lease-up of the existing spaces. With the ability to develop 26 units via the “Tier 3 TOC” designation at only $30,730 per buildable unit a complete redevelopment of the parcel may offer greater upside.
4720 S Vermont Ave
Investment Highlights
- Excellent C2-1VL-CPIO with an additional "Tier 3 TOC" Designation
- Walk score of 78 allowing residents to accomplish most errands on foot
- Dense infill location of South LA on the main thoroughfare of S Vermont Avenue & Vernon Avenue
- Attractively priced at $30,730 per buildable unit
- Located one half mile from University Southern California "USC"
Exclusively Listed By
Listing Price: $799,000
Investment Highlights
- Excellent C2-1VL-CPIO with an additional "Tier 3 TOC" Designation
- Walk score of 78 allowing residents to accomplish most errands on foot
- Dense infill location of South LA on the main thoroughfare of S Vermont Avenue & Vernon Avenue
- Attractively priced at $30,730 per buildable unit
- Located one half mile from University Southern California "USC"
Investment Overview
Marcus and Millichap is pleased to present for sale a 600,1 square foot mixed-use property located on South Vermont Avenue just south of Vernon Avenue. Currently zoned C2 the property is also situated within a Tier 3 Transit Oriented Community (“TOC”) zone which allows for approximately 70% more units to be constructed on the lot. The current structure is configured with 2 retail tenants occupying the bottom floor and 2 one bedroom one bath units on the second floor. There is approximately 90% upside in the current operation of the property through renovation and market rate lease-up of the existing spaces. With the ability to develop 26 units via the “Tier 3 TOC” designation at only $30,730 per buildable unit a complete redevelopment of the parcel may offer greater upside.
Exclusively Listed By
