2041 Vermont Avenue, Los Angeles
Los Angeles Home For Sale
This exquisite 32-unit residential income property stands out with gorgeous French Normandy 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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90027
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- MLS® #:
- 22191539
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- Bedrooms:
- 2
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- Bathrooms:
- 3
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- Square Ft:
- 22,582
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- Lot Size:
- 0.21
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- Levels:
- Three Or More
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- HOA Dues:
- $
Price Change History for 2041 Vermont Avenue, Los Angeles, (MLS® #22191539)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $9,500,000 | $750,000 (7.32%) | |
| Price Reduced (from $10,500,000) | $10,250,000 | $250,000 (2.38%) | |
| Active | – | – | |
| Active Under Contract | – | – | |
| Pending (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2024 at 10:18pm PDT. 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, 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.