Skip To Content

    4324 S Vermont Avenue

    Los Angeles (City), CA 90037
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 35 days
    • ID#: 21754308
    Under Contract
    UPDATED: 56 min ago
    $1,150,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present 4324 S Vermont Avenue located in Los Angeles, California. The Offering consists of 6,132 square feet of vacant land, zoned C2-1VL-CPIO and is a Tier 3 TOC corner lot with alley access. The Subject property is being sold with fully approved RTI (Ready-to-Issue) plans to build a 5-story, 16 unit apartment building. All units will be 3 Bedroom and 2 Bathroom, about 940 square feet in size with open layout and washer/dryer hookups. 12 of the 16 units will feature its own private balcony and parking will be on-grade (street level). Approved total building area will be 17,121 square feet with a approved floor area of 15,791 square feet. The approved housing covenant allows 14 units to be rented at market rent and 2 units to be rented at the affordable housing rate. The sale price includes what the owner spent for the City of Los Angeles to build underground electrical conduits and to install a brand new fire hydrant in front of the property, which amounted to approximately $100,000. The prior structure was demolished with city approved demolition permits and the sewer line was capped. The Property is surrounded by a newly installed security gate and iron bar. The Offering is well located within 1 mile of USC and proximate to the LA Coliseum & SoFi Stadium where the 2028 Olympic games will be held.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-04T20:25:59.753. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/118811303
    Print Image

    4324 S Vermont Avenue Los Angeles (City), CA 90037

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 56 min ago
    • ID#: 21754308
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    We are pleased to present 4324 S Vermont Avenue located in Los Angeles, California. The Offering consists of 6,132 square feet of vacant land, zoned C2-1VL-CPIO and is a Tier 3 TOC corner lot with alley access. The Subject property is being sold with fully approved RTI (Ready-to-Issue) plans to build a 5-story, 16 unit apartment building. All units will be 3 Bedroom and 2 Bathroom, about 940 square feet in size with open layout and washer/dryer hookups. 12 of the 16 units will feature its own private balcony and parking will be on-grade (street level). Approved total building area will be 17,121 square feet with a approved floor area of 15,791 square feet. The approved housing covenant allows 14 units to be rented at market rent and 2 units to be rented at the affordable housing rate. The sale price includes what the owner spent for the City of Los Angeles to build underground electrical conduits and to install a brand new fire hydrant in front of the property, which amounted to approximately $100,000. The prior structure was demolished with city approved demolition permits and the sewer line was capped. The Property is surrounded by a newly installed security gate and iron bar. The Offering is well located within 1 mile of USC and proximate to the LA Coliseum & SoFi Stadium where the 2028 Olympic games will be held.
    Exterior Features

    View None View YN No

    Property Features

    Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-04T20:25:59.753. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365695236-1.jpg
    Logo
    First Team Real Estate
    CA,