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6551 S Vermont Ave, Los Angeles, CA 90044
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6551 S Vermont Ave Los Angeles, CA 90044

$745,000
  • 2 Beds
  • 3 Baths
  • 1,350 Sq.Ft.
For Sale
$745,000 Get Pre-Qualified
Map preview of 6551 S Vermont Ave, Los Angeles, CA 90044

Property Overview: 6551 S Vermont Ave Los Angeles, CA has 2 bedrooms, 3 bathrooms, 1,350 living square feet and 2,502 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: We are thrilled to present an excellent investment opportunity that includes 3 mixed-use units combining residential and commercial potential. This property covers 1,424 square feet on a C2 Lot (TOC-3) in the vibrant Vermont Corridor. It consists of 2 residential units and 1 commercial space, with RTI plans in place to convert the garage into an ADU. The current vacancies offer immediate potential for increased rental income, making it attractive to savvy investors looking to capitalize on the active local market. Additionally, with two tenants on month-to-month leases, there is significant flexibility for future development or reorganization. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is well-positioned for substantial value growth and will enhance its lively neighborhood.

Listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Co-listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Last checked: 15 minutes ago | Last updated: August 23rd, 2024 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
2,502
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24426751
City
Los Angeles
County
Los Angeles
Time on Site
37 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: 12.67
  • Gross Scheduled Income: --
  • Net Operating Income: $52,150
  • Gross Operating Income: $67,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 6551 S Vermont Ave

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Property Details for 6551 S Vermont Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Property Information
  • Total # of Units: 3
  • Parcel Number: 6014012001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located on the South-West corner of 65th Place & Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 6551 S Vermont Ave

Last sold for $105,000 on June 17th, 2013

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: 24426751

    $745,000

    Price

  • September, 2023

  • Sep 6, 2023

    Date

    Canceled

    CRMLS: 23302778

    $1,600

    Price

  • Aug 20, 2023

    Date

    Active

    CRMLS: 23302778

    $1,600

    Price

  • Listing provided courtesy of CRMLS

  • June, 2013

  • Jun 17, 2013

    Date

    Sold (Public Records)

    Public Records

    $105,000

    Price

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Tax History for 6551 S Vermont Ave

Assessed Value (2020): $182,402
Year Land Value Improved Value Assessed Value
2020 $112,596 $69,806 $182,402

Home Value Compared to the Market

This property vs the competition

6551 S Vermont Ave is listed 37.92% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $551.85 per/sqft which puts the price per square foot 28.14% lower than the median price per square foot for the city of Los Angeles.

About 6551 S Vermont Ave

Detailed summary of property

6551 S Vermont Ave is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 2 bedrooms, 3 bathrooms, roughly 1,350 living square feet, and sits on an approximately 2,502 square foot lot. 6551 S Vermont Ave was first listed on ArdentRealEstateGroup.com on August 12, 2024. The homeowner is currently asking $745,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 37.92% lower than the median priced home. Local competing homes currently for sale include 5871 Estrella, 444 W Gage Ave and 441 W 69th St. While the average home in Los Angeles, CA is selling in 106 days, 6551 S Vermont Ave has a days on market of 36 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 6551 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 6551 S Vermont Ave

Public county record property details
Beds
2
Baths
2
Year built
1940
Sq. Ft.
1,350
Lot Size
2,502
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
6014-012-001

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
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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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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