2041 N Vermont Ave Los Angeles, CA 90027
Listing Courtesy of: Combined L.A. Westside (CLAW) / Berkshire Hathaway Homeservices California Propert / Coldwell Banker Realty / Paloma Fierro

  2041 N Vermont Ave Los Angeles, CA 90027

Active (640 Days)
$9,500,000
7
BED
31
BATH
22,582
SQFT

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.

MLS #:
22-191539
Type
Multifamily
Year Built
1928
Style
Normandy
Views
Other, Mountains
County
Los Angeles County

Listed By

Lane Aronson, Berkshire Hathaway Homeservices California Propert
Paloma Fierro, DRE #01386256 CA, Coldwell Banker Realty
Source
Combined L.A. Westside (CLAW)
Last checked Jul 13 2024 at 3:32 PM PDT
Bathroom Details
Heating and Cooling
  • Other
Basement Information
  • No
Flooring
  • Carpet
  • Wood
Exterior Features
  • Roof: Composition
Utility Information
  • Sewer: In Connected and Paid
Parking
  • Parking Garage: Other
Stories
  • 4
Living Area
  • 22,582 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 1.5%
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 26, 2024
Price Changed
$9,500,000
-5%
-475,000
Jan 08, 2024
Price Changed
$9,975,000
-3%
-275,000
Nov 27, 2023
Price Changed
$10,250,000
-2%
-250,000
Aug 19, 2022
Original Price
$10,500,000
-
-
Disclaimer: Copyright 2024 CLAW MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being 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. Data last updated 7/13/24 08:32