10500 S VERMONT Avenue, Los Angeles CA, 90044

Sold

10500 S VERMONT Avenue

Los Angeles CA, 90044

$4,550,000

$410.13 per sqft

Sold

18 Beds

19 Baths

11,094 sqft

Residential

Built in 1964

Listed by Ardy Ishal with BRC Advisors- BH

BRC Advisors-BH is proud to present for sale this turn-key 19-unit apartment property located at 10500 South Vermont Avenue, in South Los Angeles. The property has recently undergone an extensive "gut job" renovation to fourteen of the nineteen units, including: copper plumbing, electrical, kitchens, bathrooms, windows, flooring, stucco, and much more. The seller approximates a total capital expenditure cost of approximately $700,000, which also includes the completion of the city-mandated seismic retrofit of the property as well as the addition of an ADU (unit #19). There are approximately eighteen onsite parking spaces. The property consists of eighteen (18) 1-bedroom units and a studio unit (the ADU). Most of the units are occupied by section 8 tenants with a significant portion of the rental income being deposited into the owner's bank account on the first of every month, providing a steady and reliable income stream during these times of eviction moratoriums which allow tenants to not pay. The property is an excellent "cash-flowing" opportunity for any investor looking to add to their portfolio of income-producing properties.

22138109

MLSⓇ ID

March 20, 2022

Listed

March 23, 2024

Updated

Map

10500 S VERMONT Avenue
Los Angeles CA, 90044

Interior Features

Total Stories: 2
Bedrooms: 18 Beds
Bathrooms: 19 Baths
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.23 Acres

Other Property Details

Area Name: C36 - Metropolitan Southwest
Days on Market: 96
Garage: No
Parking Total: 18
View: No
County: Los Angeles
Pool: No
Zoning: LAC2
Buyer Agency Compensation: 2%

Listing Contact:

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:47 AM UTC