1331 Vermont Ave Los Angeles, CA 90006-4501
- Turn key restaurants
- 1,100 SF
- 0.42 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1331 Vermont Ave
- Year built
- 1932
- Construction
- WOOD
- Lot size
- 0.42 lot acres
- Property size
- 1,100 SF
- Zone code
- LAC2
- Property type
- Turn key restaurants
- APN
- 5075-001-008
- APU
- 5075001008
Description
This exceptional 18,250 sq ft lot at 1331 S Vermont Ave, Los Angeles, CA 90006, presents a unique investment opportunity. The property boasts 6,480 sq ft of existing buildings, offering potential for owner-user businesses, particularly restaurants (existing grease trap clarifier), or redevelopment. The current zoning (LA C2-2D-CPIO) allows for the construction of up to 45 market-rate units, subject to city verification. Tier 3 TOC incentives encourage affordable housing development near public transit. The property features ample parking (30 spaces) and is strategically located between Vermont and New Hampshire Avenues, just south of Pico Boulevard and a mile west of Downtown LA. Its proximity to USC, the Memorial Coliseum, and the future George Lucas Museum enhances its appeal. The land value is $350.63/sq ft. Built in 1932, the single-story structure offers a blank canvas for creative vision. This is an ideal opportunity for both owner-users and developers seeking a prime location in a rapidly growing area. The asking price is $6,399,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $475,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.292
- Latitude
- 34.0462
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
