$1,340,000
$1,750,000
23.4%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
10 Baths
8,066 SqFt
SOLD DATE : 10/24/2023
Key Details
Sold Price $1,340,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,066 sqft
Price per Sqft $166
MLS Listing ID 23-293737
Sold Date 10/24/23
Style Bungalow
Bedrooms 10
Year Built 1922
Lot Size 10,857 Sqft
Acres 0.2492
Property Sub-Type Multi-Family
Property Description
We are pleased to present 1037 S. Vermont, a ten-unit courtyard-style bungalow complex located in a federal opportunity zone just south of Koreatown. Residing on a spacious 10,857 SF lot zoned LAC2, the property features (10) 1-bdrm. units that offer approx. 100% rental upside compared to renovated units in the area. 1037 S. Vermont is offered at $217 per foot, $175,000 per unit, 7.29 market GRM, and 10.11% market CAP. The property is across the street from a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground-floor leased by Target). Please note that 1037 S. Vermont is offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave, three blocks east of the subject property.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Built-Ins, Freezer, Range/Oven, Refrigerator
Laundry None
Exterior
Parking Features None
View Y/N No
View None
Building
Story 1
Architectural Style Bungalow
Level or Stories One
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass