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10500 S Vermont Ave

Los Angeles, CA 90044
  • $4,595,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 22-138109
Price Reduced
UPDATED: 61 min ago
$4,595,000
  • 18
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,094
    SQFT
  • $414
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

BRC Advisors-BH is proud to present for sale this turn-key 19-unit apartment property located at 10500 South Vermont Avenue, in South Los Angeles. The property has recently undergone an extensive "gut job" renovation to fourteen of the nineteen units, including: copper plumbing, electrical, kitchens, bathrooms, windows, flooring, stucco, and much more. The seller approximates a total capital expenditure cost of approximately $700,000, which also includes the completion of the city-mandated seismic retrofit of the property as well as the addition of an ADU (unit #19). There are approximately eighteen onsite parking spaces. The property consists of eighteen (18) 1-bedroom units and a studio unit (the ADU). Most of the units are occupied by section 8 tenants with a significant portion of the rental income being deposited into the owner's bank account on the first of every month, providing a steady and reliable income stream during these times of eviction moratoriums which allow tenants to not pay. The property is an excellent "cash-flowing" opportunity for any investor looking to add to their portfolio of income-producing properties.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T10:42:43.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/126896058
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10500 S Vermont Ave Los Angeles, CA 90044

  • Price: $4,595,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 61 min ago
  • MLS #: 22-138109
18
Beds
0
Baths
0
½ Baths
0.23
Acres
11,094
SQFT
$414
$/SQFT
1964
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
BRC Advisors-BH is proud to present for sale this turn-key 19-unit apartment property located at 10500 South Vermont Avenue, in South Los Angeles. The property has recently undergone an extensive "gut job" renovation to fourteen of the nineteen units, including: copper plumbing, electrical, kitchens, bathrooms, windows, flooring, stucco, and much more. The seller approximates a total capital expenditure cost of approximately $700,000, which also includes the completion of the city-mandated seismic retrofit of the property as well as the addition of an ADU (unit #19). There are approximately eighteen onsite parking spaces. The property consists of eighteen (18) 1-bedroom units and a studio unit (the ADU). Most of the units are occupied by section 8 tenants with a significant portion of the rental income being deposited into the owner's bank account on the first of every month, providing a steady and reliable income stream during these times of eviction moratoriums which allow tenants to not pay. The property is an excellent "cash-flowing" opportunity for any investor looking to add to their portfolio of income-producing properties.
Exterior Features

Lot Size Area 10058 Other Structures None Parking Garage Other Total Parking 18

Interior Features

Baths Total 19.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 2601677 Gross Income 404160 Gross Operating Income 392172 Like Units1 18 Like Units2 1 Net Operating Income 280406.00 Number Of Buildings 1 Number Of Units 19 Rent Control YN Yes Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 111766 Type Of Units Apts Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Ardy Ishal DRE#01769601 of Brc Advisors- Bh.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T10:42:43.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270