Active Under Contract

1117 N Vermont Avenue

1117 N Vermont Avenue, Los Angeles, CA 90029

$8,750,000
Pleased to present a portfolio of properties located at 1117 N Vermont Ave, 1101 N Vermont Ave, and 4705 Santa Monica Blvd. All three properties are adjacent to one another, conveniently located on the northwest corner of Santa Monica Blvd and N Vermont Ave. This location offers maximum exposure by being across the street from Metro’s Vermont/Santa Monica station and on the corner of a four way signaled intersection. These three properties combined, are situated on 24,106 square-feet of land zoned LAC2 and benefits from Tier 4 TOC incentives. Additionally, these properties are located within a Qualified Opportunity Zone. 1101 N Vermont Ave consist of a 12,708 square foot office building. 1117 N Vermont Ave is a 5,488 square foot parking lot. 4705 Santa Monica Blvd consist of a 3,721 square foot office building. Total combined parking is approximately 10,988 square feet. By being centrally located and just blocks away from Los Angeles City college these properties benefit from good transit and high walking scores. The immediate area is benefiting from rapid growth, with multiple new and upcoming developments nearby. This portfolio of properties, offers an ideal investment opportunity for developers to capitalize on the location and maximize its potential. All three properties are to be sold together. Please reference Listing ID OC20184293 and OC20184888 to see other properties.

0.13 Acres lot

Features & Amenities

Interior

  • Laundry room None

Area & Lot

  • Status Active Under Contract
  • Lot Area0.13 Acres
  • MLS IDOC20184934
  • TypeCOMMERCIAL

Exterior

  • water SourceNone
  • utilitiesWater Not Available
  • lot featuresPaved, Value In Land
  • HEAT TYPENone
  • AIR CONDITIONINGNone

Financial

  • Sales Price$8,750,000
  • Zoning LAC2
1117 N Vermont Avenue

Offers maximum exposure by being across the street.

– Jerri Davis

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