800 N Vermont Ave Los Angeles, CA 90029

$--

-- Beds
-- Baths
40,709 Sq.Ft.

Off Market

Map preview of 800 N Vermont Ave, Los Angeles, CA 90029

Property Overview: 800 N Vermont Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 40,709 living square feet and 20,415 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

800 N Vermont Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 800 N Vermont Ave

Last sold on January 4th, 2002

November, 2022
Nov 1, 2022

Date

Expired

CRMLS: 22167873

$16,500,000

Price
Jun 14, 2022

Date

Active

CRMLS: 22167873

$16,995,000

Price
Listing provided courtesy of CRMLS

We proudly present 800 N Vermont Ave, a heavy value-add opportunity for investors with approximately 47 of 57 units delivered vacant at close of escrow. The current unit mix at the property consists of 6 one bedroom units, 40 studios, 11 bachelors and 5 ground-floor retail spaces. Buyer has the ability to renovate and lease units at market rate, and can add value by reconfiguring and converting bachelor units to studios, studio units to junior one bedrooms, and one bedroom units to one bedroom plus den. The building also includes a large basement that encompasses almost the entire footprint of the structure, making it eligible for approximately 11 ADUs or a communal space/amenities room for tenants that could feature a fitness center, co-working space, game room, or dog washing station etc. 800 N Vermont Ave is excellently located in an Opportunity Zone and across the street from LACC (28,000 students). The location shows proof of concept for immediate micro-location - Panda Express and Everytable recently signed new leases one block north at 850 N Vermont Ave. Buyer can re-brand ground-floor retail units to significantly increase rents and improve curb appeal for LACC foot traffic. The property includes approximately 22 parking spaces, and the owners are currently upgrading the building to individual electric meters. The subject property is ideally located along the Los Angeles Metro Red Line (walking distance from the Vermont/Santa Monica Station), which runs from North Hollywood all the way to Downtown. Tenants enjoy ease of access to these major employment centers as well many Los Angeles neighborhoods and adjacent bus lines. It sits at the confluence of Virgil Village, East Hollywood and Silver Lake. Popular attractions nearby include the Silver Lake Reservoir and dog park, Sqirl, Erewhon, Night + Market, Alfred Coffee, Silverlake Ramen and many more.

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January, 2002
Jan 4, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 800 N Vermont Ave

Assessed Value (2020): $1,039,298

Year	Land Value	Improved Value	Assessed Value
2020	$367,625	$671,673	$1,039,298

About 800 N Vermont Ave

Detailed summary of property

800 N Vermont Ave is categorized with a use code of Restaurant in Los Angeles, CA 90029 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 40,709 living square feet, and sits on an approximately 20,415 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Local nearby listings include 843 Maltman Ave, 241 N Catalina St and 3452 Plata St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 800 N Vermont Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 800 N Vermont Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: 40,709
Lot Size: 20,415
Stories: 1

Type: Restaurant
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-3
APN: 5539-015-022

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,058,000

Median List Price/Sq.Ft.

$705

Median Sold Price

$672,500

Median Sold Price/Sq.Ft.

$724

Total Inventory

Median Sale to List Price %

105.24%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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(714) 706-1823

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