$9,100,000

2041 N Vermont Ave , Los Angeles, CA 90027

 
Bedrooms:32 beds
Bathrooms:0 baths
(None specified):22,582 sqft
Lot:0.21
Year Built:1928
Listing Status:Active

Listing Agent

Paloma Fierro
https://equityunion.com
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Description

This exquisite 32-unit residential income property stands out with gorgeous French Normandie design and ornate, architectural details. Located along Vermont, just below the hills of Los Feliz, the Griffith Observatory and just blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 8 beautiful (1 bedroom, view units with French windows) including a non-conforming, "owner's" unit with a fireplace and 24 charming studios (separate kitchens, dining areas and walk-in closets, which gives them more of a spacious feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22,582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with amazing cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity! Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a "waiting-list" to get into the building. Vacancies have historically been filled through "word-of-mouth". The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents.

Detailed Items

Other Information

2041 N Vermont Ave, Los Angeles, CA, 90027 is a (none specified) listing of 22,582 sqft on a lot of 0.21. This (none specified) listing has 32 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property2041 N Vermont Ave, Los Angeles, CA
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