236 S Vendome Street
Los Angeles, CA 90017
- – beds
- – baths
- – sqft
- 13,228 sqft lot
- 1916 build
- – on site
Cushman & Wakefield U.S., Inc., as exclusive advisor, is pleased to present an exceptional investment opportunity near the heart of Koreatown: 236 Vendome (the “Property”), a beautiful, 8-unit multifamily property nestled in the heart of Koreatown, one of Los Angeles’ most vibrant neighborhoods. Situated on a 0.30-acre parcel, 236 Vendome offers an attractive mix of two (2) 1BR/1BA and six (6) 2BR/1BA units, exhibiting a blended average unit size of over 1,000 square feet per unit. Each unit features an efficient layout with highly attractive and unique interior design characteristics. Nine (11) gated parking spaces are located on the eastern side of the property, and are accessible via the alleyway abutting the that side of the Property. Due to the existing layout/configuration and underlying zoning & land use guidelines, 236 Vendome offers an opportunity to realize additional, by-right residential density (via ADU development and/or density bonus incentives). 236 Vendome is zoned RD-1.5-1 by the City of Los Angeles, and can comfortably accommodate new development on the east side (rear) of the property, which is accessible via an interior alleyway. This portion of the site is well-suited for 2-3 ADU units with tuck-under parking. The additional density is permitted by-right via the city’s ADU Ordinance and/or Tier 3 TOC designation, a density bonus incentive increasing the unit yield by 40% and the maximum FAR by 45%. 236 Vendome has a strategic location proximate to Koreatown's commercial hub, featuring a high concentration of amenities and entertainment, which will continue to generate steady tenant demand, and potential for future growth. The Property has high visibility and convenient access to a regional transportation network serving Southern California, situated near the I-10, 110, and 101 Freeways, providing convenient access to every major freeway that passes through Greater Los Angeles. Moreover, the location is near the true center of the region, with only 9 miles to the Hollywood Burbank Airport, 10 miles to Los Angeles International Airport, and 20 miles to the Ports of Los Angeles and Long Beach. 236 Vendome presents a unique opportunity for investors seeking value-add opportunities in Koreatown's dynamic residential real estate market. Potential buyers can reimagine and enhance this historic gem to meet modern residential demands.
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Last updated Oct 30, 2024
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MLS# PW24219819 —
The Building
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Year Built:1916
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:8500.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:8
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Stories Total:2
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# of Separate Gas Meters:8
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Entry Location:Ground Level w/o Steps
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Laundry:Gas & Electric Dryer Hookup
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Laundry:1
Location
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Directions:+/-2 miles west of DTLA; 200 feet north of the Hoover St & Vendome St Intersection
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Latitude:34.06907200
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Longitude:-118.28361800
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:RD1.5-1
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Lot Features:Gentle Sloping, Near Public Transit
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Lot Size Area:13228.0000
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Lot Size Acres:0.3037
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Lot Size SqFt:13228.00
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Lot Size Source:Assessor
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View:1
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View:City Lights
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Road Frontage:Alley, City Street
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Tract:208610
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Tax Lot:19-2
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Tax Annual Amount:8390.00
The Listing
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Special Listing Conditions:Standard, Trust
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Parcel Number:5155006016
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Urban
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:11.00
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Uncovered Spaces:11.00
Extra Units
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Average 1 Bed Area:900
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Average 2 Bed Area:1003
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/23/24
Oct 23, 2024
|
Listed / Active | CRMLS_CA | $2,190,000 |
