2041 N Vermont Avenue Los Angeles, CA 90027
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.
property details
Interior Features
Wood
Exterior Features
Utility & Building Info
Price History
date | event | price | source |
---|---|---|---|
02/26/2024
02/26/2024
|
Active |
$9,500,000
|
CA Regional MLS (CRMLS) |
01/08/2024
01/08/2024
|
Active |
$9,975,000
|
CA Regional MLS (CRMLS) |
11/27/2023
11/27/2023
|
Active |
$10,250,000
|
CA Regional MLS (CRMLS) |
10/04/2022
10/04/2022
|
Active |
$10,500,000
|
CA Regional MLS (CRMLS) |
09/28/2022
09/28/2022
|
Contingent |
$10,500,000
|
CA Regional MLS (CRMLS) |
09/26/2022
09/26/2022
|
Pending |
$10,500,000
|
CA Regional MLS (CRMLS) |
08/22/2022
08/22/2022
|
Active |
$10,500,000
|
CA Regional MLS (CRMLS) |
Market Trends
Source: LiveBy