4324 S Vermont Ave

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Address: 4324 S Vermont Ave, Los Angeles, CA 90037, USA

California & West + Apartment Buildings

Created date: August 14, 2024

Date last updated: August 14, 2024

80% Completed Multi-Family Building
Five Story Building
16 - 3 Bedroom / 2 Bath Units
Corner Location With Secure Gated Entry
Onsite Parking Available
Minutes From Downtown Los Angeles
Nearby USC, BMO Stadium and Memorial Coliseum
Easy 110 Freeway Access

Property Description

Property is being sold by way of court ordered receivership and is subject to overbid. 4324 South Vermont Avenue is located in the Vermont Square neighborhood of Los Angeles. The 6,133 SF parcel is zoned C2-1VL-CPIO and is a Tier-3 TOC corner lot with alley access. The 5-story property is 80% completed. All 16 units will be 3 Bedroom and 2 Bathroom units, ranging from 880 SF to 1,006 SF in size with open layouts and washer/dryer hookups. 12 of the 16 units will feature their own private balcony. Parking will be on-grade (street level). Approved total building area will be 17,121 square feet with a approved floor area of ±15,040 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 Property is surrounded by a newly installed security gate and iron bar. 4324 S Vermont Avenue is well located within 1 mile of USC and nearby the Los Angeles Memorial Coliseum & SoFi Stadium, where the 2028 Olympic games will be held.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$5,000,000
No. of Units:	16
Year Built:	2024
Lot Size:	0.14 Sq ft
Opportunity Zone:	No
Price per unit:	$312,500
Property Website	Click Here