$ 9,500,000
2041 N Vermont AVE Los Angeles, CA 90027
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$ 9,500,000
Est. payment /mo
Active
2041 N Vermont AVE Los Angeles, CA 90027
7 Beds
31 Baths
22,582 SqFt
UPDATED:
09/30/2024 06:49 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,582 sqft
Price per Sqft $420
MLS Listing ID 22191539
Bedrooms 7
HOA Y/N No
Year Built 1928
Lot Size 8,990 Sqft
Acres 0.2064
Property Description
This exquisite 32-unit residential income property stands out with gorgeous French Normandy design and ornate, architectural details. Located along Vermont, just below the hills of Los Feliz, the Griffith Observatory and just blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 8 beautiful (1 bedroom, view units with French windows) including a non-conforming, "owner's" unit with a fireplace and 24 charming studios (separate kitchens, dining areas and walk-in closets, which gives them more of a spacious feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22,582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with amazing cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity! Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a "waiting-list" to get into the building. Vacancies have historically been filled through "word-of-mouth". The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Flooring Carpet, Wood
Fireplace No
Laundry Common Area
Exterior
View Y/N Yes
View Mountain(s)
Roof Type Composition
Building
Story 4
Entry Level Three Or More
Sewer Sewer Tap Paid
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5589022006
Financing Cash
Special Listing Condition Standard
Listed by Lane Aronson • Berkshire Hathaway HomeServices California Properties