Total Lot Size: 11,296 SF
Building Size: 6,480 SF
Property Type: Retail
Great development opportunity in the heart of Los Angeles. The property is located on 7609-7615 S. Vermont Ave. This 11,200 Sq. Ft. lot zoned LAC-2 is directly across from the Pointe on Vermont. The lot matches zoning and has very similar square footage. The Pointe on Vermont property across the street is mixed use zoning with a recording studio with a Grammy award-winning composer and additional retail and community meeting space. The bonus is 50 apartments above. (www.pointeonvermont.com)
The property is presently fully leased out with four stores on the ground floor and four apartments above. Present income is $90,000 annually. Most leases are month to month. There is approximately 100 feet of frontage on Vermont Ave. Receive income while doing your entitlement work. This is a solid investment property with great upside.
If interested, please contact for more info:
Re/Max Olson Commercial