Active

2041 N Vermont Avenue

Los Angeles CA, 90027

$9,500,000


$420.69 per sqft

Active

7 Beds

31 Baths

22,582 sqft

Residential

Built in 1928

Listed by Lane Aronson with Berkshire Hathaway HomeServices California Properties 626-440-5100

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.

22191539

MLS ID

August 22, 2022

Listed

May 25, 2024

Updated

Map

2041 N Vermont Avenue
Los Angeles CA, 90027

Interior Features

Total Stories

4


Bedrooms

7


Total Bathrooms

31


Laundry Description

Common Area


Floor Description

Carpet, Wood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.21 Acres


Roof

Composition


Sewer

Sewer Tap Paid

Other Property Details

Area Name

637 - Los Feliz


Days on Market

502


Garage

No


Parking Total

0


View

Yes


View Description

Mountain(s)


County

Los Angeles


Pool

No


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

2/26/2024

Price Change

$9,500,000

-5%

1/8/2024

Price Change

$9,975,000

-3%

11/27/2023

Price Change

$10,250,000

-3%

Listing Contact: 626-440-5100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 1:59 AM UTC

 

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