8636 S Vermont Ave Los Angeles, CA 90044

Agent Remarks: ANOTHER HUGE PRICE REDUCTION! Priced way below appraised value. Owner wants it sold yesterday. Owner will now consider carrying paper with 50% down with interest only payments at 7.5% due in 5 years OAC. Lot cleared of all debris. Rare opportunity to own a level vacant commercial zoned lot in central Los Angeles ready for development. New codes should allow for both residential and commercial development with potential for residential bonus developments. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for a small lot subdivision, multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. In addition, it may possibly be used for parking for adjacent businesses and churches or to generate parking income related thereto. Get creative to maximize potentials for this easily affordable lot. Check with your architect and/or the city to find out all the different development opportunities for the property. Trust owned so no information is known about the property. Buyer to conduct their own independent investigations. Property is ready for escrow and immediate close as no court confirmation is needed whatsoever. Priced right for a quick sale of a unique lot with many opportunities.

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