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Multifamily

6501 S Vermont Ave

6501 S Vermont Ave, Los Angeles, CA 90044

Listing Price: $2,695,000

Cap Rate
4.08%
Number of Units
20
Price/Unit
$134,750
Price/Gross SF
$308.56
Gross SF
8,734

Investment Overview

We're pleased to present 6501 S Vermont Ave, a 20-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, this true value-add building is currently leased at below market rents and presents an investor the opportunity to attain over 26% in rental upside. The unit mix consists of 18 singles and 2 one-bedrooms apartment units. Furthermore, there are preliminary plans in place to add ADU’s. The subject property is being offered at a 11.39 GRM on current income with a pro forma CAP rate of 6.15%. Four 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 is a 20-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, this true value-add building is currently leased at below market rents and presents an investor the opportunity to attain over 26% in rental upside.
  • The unit mix consists of 18 singles and 2 one-bedrooms apartment units. Furthermore, there are preliminary plans in place to add ADU's.
  • The subject property is being offered at a 11.39 GRM on current income with a pro forma CAP rate of 6.15%.
  • Four 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

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

Listing Price: $2,695,000

Cap Rate
4.08%
Number of Units
20
Price/Unit
$134,750
Price/Gross SF
$308.56
Gross SF
8,734

Investment Highlights

  • 6501 S Vermont Ave is a 20-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, this true value-add building is currently leased at below market rents and presents an investor the opportunity to attain over 26% in rental upside.
  • The unit mix consists of 18 singles and 2 one-bedrooms apartment units. Furthermore, there are preliminary plans in place to add ADU's.
  • The subject property is being offered at a 11.39 GRM on current income with a pro forma CAP rate of 6.15%.
  • Four 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 Overview

We're pleased to present 6501 S Vermont Ave, a 20-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, this true value-add building is currently leased at below market rents and presents an investor the opportunity to attain over 26% in rental upside. The unit mix consists of 18 singles and 2 one-bedrooms apartment units. Furthermore, there are preliminary plans in place to add ADU’s. The subject property is being offered at a 11.39 GRM on current income with a pro forma CAP rate of 6.15%. Four 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

    Senior Associate

    Email Leonardo

    License(s): CA: 01861324

    West Los Angeles

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