7833 Vermont Ave Los Angeles, CA 90044

This 8.77-acre parcel in Los Angeles presents a development opportunity with potential social and economic impact. Zoned R4/C2, the site is suitable for office, retail, multifamily, industrial, hospitality, hotel, and healthcare developments, or a combination thereof. The property currently includes six structures, five of which are used for administrative, office, classroom, and warehouse/facilities management purposes. The sixth structure is a parking structure with over 780 stalls, which could potentially be re-incorporated into a developer's plans, saving on construction and permitting costs. The property can be delivered vacant at the close of escrow. The location is near the 110 Freeway, connecting the Port of Los Angeles to Greater LA, and is situated on the future Metro Vermont Transit Corridor. The site is located within 1/2 mile of the Florence-Vermont Metro Rapid Bus Stop and sits along Local Bus & LADOT Dash lines, and a designated pedestrian, bicycle, and transit priority corridor, which is also less than 1 mile to the nearest 110 Freeway onramp and only slightly over 1 miles to the nearest Metro J Line stop. The parcel consists of approximately 151,000 square feet of land designated for neighborhood commercial use and 239,000 square feet of land designated for low density residential use. Allowable uses include neighborhood stores, markets, department stores, restaurants, outdoor dining, full service grocers, entertainment venues, amusement enterprises, offices, barber shops, chiropractors, acupuncturists, hospitals, medical or dental clinics, eldercare facilities, senior independent or assisted living care housing, music conservatories, child care facilities, parks, playgrounds, and recreational or community centers may also be established with healthy street vending or food plazas.