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$2,300,000
Est. payment /mo
4,632 SqFt
UPDATED:
12/11/2024 02:13 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 4,632 sqft
Price per Sqft $496
MLS Listing ID CRPW24188285
HOA Y/N No
Year Built 1928
Lot Size 0.367 Acres
Acres 0.37
Property Description
This listing includes three distinct areas: 11316-11318 S. Vermont Ave., Los Angeles, CA 90044, which features an approximately 8,000 SF lot with a 4,632 SF retail building, and 11331 Southwest Blvd., Los Angeles, CA 90044, an 8,198 SF parking lot. The 4,632 SF retail building, located in a prime roadside position, previously generated $10,000 per month in rental income, while the adjacent 8,200-square-foot parking lot adds an additional $4,000 per month. This presents a prime opportunity for an owner-user or investor, with a profitable commercial property in a thriving and highly accessible location, just under 10 minutes from Freeways 110, 105, and 710. With continuous development in the area in anticipation of the 2028 LA Olympics, this property offers excellent potential for future value appreciation. Additionally, it is conveniently located within 5 miles of SoFi Stadium, making it perfectly positioned for growth. Don’t miss out on this exceptional investment opportunity.
Location
State CA
County Los Angeles
Area Listing
Zoning C2-1
Interior
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Cable Available
Total Parking Spaces 12
Building
New Construction No
Others
Tax ID 6075009024
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Listed by Peter Lee • Coldwell Banker Best Realty
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