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For SaleLuxury

$2,499,000

12,754 sqft$196/sqft258 days on market

1637 S Vermont Avenue

Los Angeles, CA 90006

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

12,754

Square feet

—

Built

Listing narrative

Description

Prime C2-2 Commercial Zoned vacant lot (12,750sf) with max building envelope of (57,461sf) 6 floor structure, located in a highly active and densely populated area of Los Angeles, offering a compelling opportunity for developing 71 units with MIIP (Mixed Income) or 93 units with AHIP (Affordable Housing) Incentinve Programs. C2 zoning in Los Angeles permits a wide range of uses, including retail, restaurants, offices, and is often favorable for mixed-use developments (commercial on the ground floor with residential units above) in urban corridors. Strategic Location as its situated along a busy stretch of Vermont Avenue between Venice Boulevard and Washington Boulevard. This location benefits from significant vehicular and pedestrian traffic. The area is directly influenced by the vibrant Koreatown communities and offers close proximity to Downtown Los Angeles, positioning it within a dynamic urban center experiencing continuous growth and demand for both commercial and residential space in a desirable location within an active and developing corridor.

Listing agent (MLS): Elijah Shin · Listing brokerage (MLS): Dream Realty & Investments Inc

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$2,499,000

Beds

Beds n/a

Type

Land

Home Size

12,754 sqft

Baths

Baths n/a

Lot Size

0.29 acres

Year

Year n/a

Status

For Sale

Days on Market

258

$ / Sqft

$196

· 8% down, 7% APR, 30yr fixed
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Courtesy of Dream Realty & Investments Inc