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10500 S VERMONT Avenue $4,550,000

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    10500 S VERMONT Avenue Los Angeles, CA 90044

    Closed
    SOLD 10/26/2022

    $4,550,000

    • 18 Beds
    • 19 Baths
    • 11,094 sq. ft.
    • Multi-Family
    • MLS# 22138109
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    Views: 13

    Property Details

    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.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Total 19
      • One-Qtr Bathrooms 0
      • Three-Qtr Bathrooms 0
      • YearBuilt 1964
    • Building Features
      • Bedrooms Total 18
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Living Area 11094.00
    • Property Features
      • Lot Size Acres 0.23
      • Parking Total 18.00
      • Lot Size Dimensions 100x100

    Neighborhood

    90044 (Los Angeles) Demographics

    31 Median Age
    19,464 Population Density (per sq. mile)
    14% College Educated
    $39,434 Estimated Median Income
    8,220 Estimated Total Home Owners
    20,148 Estimated Total Renters
    29% / 71% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    99,980 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $558,900 Median Sales Price
    13 Homes Sold
    17 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        10/26/2022 2:00:00 AM Sold Source: Multiple Listing Service New Value: $4,550,000
        7/6/2022 11:46:20 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/24/2022 1:47:24 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 3:34:48 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.