9811 S Vermont Avenue
Los Angeles, CA 90044
- – beds
- – baths
- 4,800 sqft
- 4,800 sqft lot
- $141 per sqft
- – on site
SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes by the existing tenant PLUS an additional $2,000 for the lease of the existing sign/billboard located onsite at the NE corner of the lot by another tenant with gross income totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month holdover basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. The lot is currently being leased on a month to month holdover basis but the ownership also states that the tenant would prefer to renew the lease. The buyer can make their own decision and/or renegotiate new leases after close of escrow. Property will be delivered with tenants in possession for income producing purposes until buyer decides what it prefe
Listing courtesy of BRIDGE / David Bond
Last checked:
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Last updated Aug 21, 2024
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MLS# CL24418067 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:4800
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Living Area Units:Square Feet
Location
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Directions:North of Century Blvd. West of
The Property
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View:None
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View:false
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Property Type:Land
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Property Subtype:Unimproved Land
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Lot Size Area:0.11
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Lot Size Acres:0.11
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Lot Size SqFt:4800
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Lot Size Units:Acres
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Zoning:LCC3
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Parcel Number:6056018001
Listing Agent
- Contact info:
- Agent phone:
- (213) 268-2663
Utilities
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Utilities:Other Water/Sewer
The Community
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Association:false
Walk Score®
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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).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/21/24
Jul 21, 2024
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Listed / Active | BRIDGE | $680,000 | 48.6% (22.9% / YR) |
5/3/24
May 3, 2024
|
Listed / Active | BRIDGE | ||
5/2/24
May 2, 2024
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Listed / Active | CRMLS_CA |