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Property Description

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.

Features
: Mountain(s)
4
: Community
0
Additional Information
Berkshire Hathaway HomeServices California Properties
0
CLW-X13399
CLW-B2003114
Lane
5589022006
: Standard
Three Or More
32

Multi-Family For Sale

2041 Vermont Avenue, Los Angeles, California 90027

22,582 Sqft
$9,500,000
Listing ID #22191539
Basic Details
Status : Active
DaysOnMarket : 613
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 22191539
Price : $9,500,000
Living Area : 22,582 Sqft
Lot Size : 8,991 Sqft
Year Built : 1928
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90027
Price Per Square Foot : $421
ModificationTimestamp : 2024-06-17 15:54:25
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