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2041 N Vermont Ave, Los Angeles, CA 90027
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2041 N Vermont Ave Los Angeles, CA 90027

$9,500,000
  • 7 Beds
  • 31 Baths
  • 22,582 Sq.Ft.
For Sale
$9,500,000 Get Pre-Qualified
Map preview of 2041 N Vermont Ave, Los Angeles, CA 90027

Property Overview: 2041 N Vermont Ave Los Angeles, CA has 7 bedrooms, 31 bathrooms, 22,582 living square feet and 8,991 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Lane Aronson | BRE #00681193 | Berkshire Hathaway HomeServices California Properties
Co-listed by Paloma Fierro | BRE #01386256 | Coldwell Banker Realty
Last checked: 5 minutes ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 554
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Home details

Lot Sq. Ft
8,991
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
22191539
City
Los Angeles
County
Los Angeles
Time on Site
610 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 31
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,915
  • Total Rent: $11,495
  • Pro Forma/Market Rent: $16,200
Unit Breakdown 3
  • # of Units: 24
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,714
  • Total Rent: $42,857
  • Pro Forma/Market Rent: $53,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: 13.84
  • Gross Scheduled Income: --
  • Net Operating Income: $386,432
  • Gross Operating Income: $665,832
  • Laundry Income: $300
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2041 N Vermont Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Mountain(s)
  • Total # of Units: 31
  • Parcel Number: 5589022006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Los Feliz Bl
View more facts & features

Local Los Angeles Agent

Sale History for 2041 N Vermont Ave

Last sold on October 7th, 2004

  • August, 2022

  • Aug 19, 2022

    Date

    Active

    CRMLS: 22191539

    $10,500,000

    Price

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: 19503038

    $9,800,000

    Price

  • Sep 5, 2020

    Date

    Withdrawn

    CRMLS: 19503038

    $9,800,000

    Price

  • Sep 5, 2020

    Date

    Active

    CRMLS: 19503038

    $9,800,000

    Price

  • Jul 10, 2020

    Date

    Hold

    CRMLS: 19503038

    $9,800,000

    Price

  • Jun 17, 2020

    Date

    Active

    CRMLS: 19503038

    $9,800,000

    Price

  • Jun 17, 2020

    Date

    Price Change

    CRMLS: 19503038

    $9,800,000

    Price

  • Jun 15, 2020

    Date

    Hold

    CRMLS: 19503038

    $9,950,000

    Price

  • Sep 18, 2019

    Date

    Price Change

    CRMLS: 19503038

    $9,950,000

    Price

  • Aug 23, 2019

    Date

    Active

    CRMLS: 19503038

    $10,500,000

    Price

  • Listing provided courtesy of CRMLS

    Own a piece of Los Feliz History. In 1928 architect/contractor Hugh Howe Hinds was commissioned to design and build what was to become Layden Hall. His progressive French Normandie design became a Landmark in the "posh" Los Feliz neighborhood on North Vermont. The building was subsequently purchase in 1955 by Ms. Gwendolyn Horton and became known to the locals as Horton Hall. This fabulous building has not been resold since her purchase. The property features 31 units, consisting of 24 charming studios (separate kitchens, dining areas and walk-in closets), 6 beautiful 1 bedroom, view units and a huge additional one bedroom, "owner's" unit of approximately 1,500+ sq. ft. All, we believe, to have beamed ceilings. The total building size is 22,582 square feet per assessor. Although master metered for gas and electricity, the expenses of the building appear to be very reasonable. Anticipated upside of the rents is approximately 35-40% of current. Maybe once in a lifetime opportunity.

  • October, 2004

  • Oct 7, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2041 N Vermont Ave

Assessed Value (2020): $2,668,553
Year Land Value Improved Value Assessed Value
2020 $1,560,056 $1,108,497 $2,668,553

Home Value Compared to the Market

This property vs the competition

2041 N Vermont Ave is listed 675.51% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $420.69 per/sqft which puts the price per square foot 45.65% lower than the median price per square foot for the city of Los Angeles.

About 2041 N Vermont Ave

Detailed summary of property

2041 N Vermont Ave is a multi family located in Los Angeles, CA 90027 and is currently for sale. This multi family property offers 7 bedrooms, 31 bathrooms, roughly 22,582 living square feet, and sits on an approximately 8,991 square foot lot. 2041 N Vermont Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner is currently asking $9,500,000 and was originally asking $10,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 675.51% higher than the median priced home. Local competing homes currently for sale include 11755 National Blvd, 1728 N Sierra Bonita Ave and 11975-11977 Mayfield Ave. While the average home in Los Angeles, CA is selling in 96 days, 2041 N Vermont Ave has a days on market of 554 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2041 N Vermont Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2041 N Vermont Ave

Public county record property details
Beds
6
Baths
--
Year built
1928
Sq. Ft.
22,582
Lot Size
8,977
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5589-022-006

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$989
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
84
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

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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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