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10500 S Vermont Ave, Los Angeles, CA 90044
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10500 S Vermont Ave Los Angeles, CA 90044

$4,550,000 Sold Price as of 10/26/2022
  • 18 Beds
  • 19 Baths
  • 11,094 Sq.Ft.
Sold
$4,550,000 Sold Price as of 10/26/2022 Refinance Your Mortgage
Map preview of 10500 S Vermont Ave, Los Angeles, CA 90044

Property Overview: 10500 S Vermont Ave Los Angeles, CA has 18 bedrooms, 19 bathrooms, 11,094 living square feet and 10,058 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BRC Advisors-BH is proud to present for sale this turn-key 19-unit apartment property located at 10500 South Vermont Avenue, in South Los Angeles. The property has recently undergone an extensive "gut job" renovation to fourteen of the nineteen units, including: copper plumbing, electrical, kitchens, bathrooms, windows, flooring, stucco, and much more. The seller approximates a total capital expenditure cost of approximately $700,000, which also includes the completion of the city-mandated seismic retrofit of the property as well as the addition of an ADU (unit #19). There are approximately eighteen onsite parking spaces. The property consists of eighteen (18) 1-bedroom units and a studio unit (the ADU). Most of the units are occupied by section 8 tenants with a significant portion of the rental income being deposited into the owner's bank account on the first of every month, providing a steady and reliable income stream during these times of eviction moratoriums which allow tenants to not pay. The property is an excellent "cash-flowing" opportunity for any investor looking to add to their portfolio of income-producing properties.

Listed by Ardy Ishal | BRE #01769601 | BRC Advisors- BH
Last checked: 8 minutes ago | Last updated: October 27th, 2022 | Source CRMLS | DOM: 96

Home details

Lot Sq. Ft
10,058
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22138109
City
Los Angeles
County
Los Angeles
Time on Site
837 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 18
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $31,825
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: 11.4
  • Gross Scheduled Income: --
  • Net Operating Income: $280,406
  • Gross Operating Income: $392,172
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 10500 S Vermont Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
  • Has Parking
Property Information
  • Total # of Units: 19
  • Parcel Number: 6061004033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: S of Century Blvd and W of Figueroa St
View more facts & features

Local Los Angeles Agent

Sale History for 10500 S Vermont Ave

Last sold for $4,550,000 on October 26th, 2022

  • October, 2022

  • Oct 26, 2022

    Date

    Sold

    CRMLS: 22138109

    $4,550,000

    Price

  • Mar 20, 2022

    Date

    Active

    CRMLS: 22138109

    $4,800,000

    Price

  • February, 2020

  • Feb 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,575,000

    Price

  • March, 2015

  • Mar 27, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10500 S Vermont Ave

Assessed Value (2020): $1,649,406
Year Land Value Improved Value Assessed Value
2020 $1,153,942 $495,464 $1,649,406

Home Value Compared to the Market

This property vs the competition

10500 S Vermont Ave sold on October 26, 2022 for 260.68% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $414.19 per/sqft which puts the price per square foot 47.64% lower than the current median sale per square foot for the city of Los Angeles.

About 10500 S Vermont Ave

Detailed summary of property

10500 S Vermont Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 18 bedrooms, 19 bathrooms, roughly 11,094 living square feet, and sits on an approximately 10,058 square foot lot. 10500 S Vermont Ave was first listed on ArdentRealEstateGroup.com on March 20, 2022. The homeowner sold the property for $4,550,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 260.68% higher than the current median priced home. Local homes that are currently for sale include 2340 Crenshaw Blvd, 1435 Alvarado and 1554 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 100 days, 10500 S Vermont Ave has a days on market of 96 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 10500 S Vermont Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10500 S Vermont Ave

Public county record property details
Beds
18
Baths
18
Year built
1964
Sq. Ft.
10,794
Lot Size
10,058
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1-4
APN
6061-004-033

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$685,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
89
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 10500 S Vermont Ave

10476 S Vermont Ave, Los Angeles, CA 90044
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$1,650,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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