9811 S Vermont Ave Los Angeles, CA 90044

• May, 2024

• May 2, 2024

  Date

  Active

  CRMLS: 24387557

  $680,000

  Price

• April, 2024

• Apr 9, 2024

  Date

  Expired

  CRMLS: 24346231

  $699,950

  Price

• Jan 10, 2024

  Date

  Active

  CRMLS: 24346231

  $699,950

  Price

• Listing provided courtesy of CRMLS

  SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years and likely the lessee would desire to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing home on the site that could be rebuilt/remodeled with additional commercial and/or residential improvements. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. 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 multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Seller may be able to furnish renderings for a 6-unit development allowed by right upon approval of the architect for its release and dissemination. Architect may be available to be hired to continue with the approval process for the proposed development. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of leases, one now on a month to month basis, may be furnished upon request. Because it is being sold for land value only, an interior view of the house will only be allowed upon an accepted offer and only if deemed necessary and requested by the buyer because the house is considered to be a tear-down only. Because it is being sold for land value only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Do not disturb occupants. Incredible deal. Make it yours.

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• June, 2022

• Jun 7, 2022

  Date

  Sold

  CRMLS: 22127167

  $457,500

  Price

• Feb 11, 2022

  Date

  Active

  CRMLS: 22127167

  $269,000

  Price

• Listing provided courtesy of CRMLS

  Probate Sale! Substandard structure on property, property being sold for land value only. No interior inspections. Commercial zoned, buyer to rely on their own investigations as to zoning and future development. Estate of Eddie Talents (Muchakaneyi). This 2 bed; 1 bath Single Family Home features +/-896 Sq Ft of living space, +/-4,697 Sq Ft lot, APN: 6056-018-001. Commercial zoned, buyer to rely on their own investigations as to zoning and future development. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.

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• February, 2022

• Feb 25, 2022

  Date

  Active

  CRMLS: 22131329

  $269,000

  Price

• Listing provided courtesy of CRMLS

  Probate Sale! OFFER DEADLINE MONDAY FEBRUARY 28TH 2022! Substandard structure on property, property being sold for land value only. No interior inspections. Commercial zoned, buyer to rely on their own investigations as to zoning and future development. This Single Family Home features 2 bedrooms and 1 bathroom +/-896 Sq Ft of living space, +/-4,697 Sq Ft lot, APN: 6056-018-001. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. This sale is subject to court confirmation and overbid. Timing of hearing is subject to the courts calendar approximately 2 months from the offer deadline date. The Public Administrator reserves the right to accept, counter or reject all offers. However, the accepted bidder with the highest bid will have 48 hours to sign all disclosures and provide Kennedy Wilson with the required 10% deposit. In the event the high bidder fails to return the documents and the deposit, the Administrator has the unilateral right to offer and sell the property to any other buyer. Estate of Eddie Muchena.

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