$8,750,000
Off Market

1101 N Vermont Avenue

Los Angeles, CA 90029
0.16 acres | #OC20184888
Listing OfficePacific Sotheby's Int'l Realty
Type:Purchase
Structure:Office
Zone:Commercial

Description

Pleased to present a portfolio of properties located at 1101 N Vermont Ave, 1117 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 OC20184934 to see other properties.

  • Property Details
      • Lot DescriptionCornerLot, NearPublicTransit
      • Stories2
    • Measurements
      • Acres0.1594
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1924
  • Utilities / Energy Details
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$9,500,000
      • Buying Agency Compensation2.000
  • Other
      • MLS #OC20184888
  • -

    Location

    SparrowLily Realty, Inc.Real Estate Group