NOT LISTED FOR SALE

1037 S Vermont Ave Los Angeles, CA 90006

Pico-Union Neighborhood
10 Beds
10 Baths
8,066 Sq Ft
10,857 Sq Ft Lot

Last Sold October 24, 2023

Last sale price $1,340,000 $166 Per Sq Ft

64 Days on Market

Highlights

  • Built-In Features
  • Gated Home
  • 1-Story Property
  • Bungalow
  • East Facing Home

About This Home

As of October 2023

We are pleased to present 1037 S. Vermont, a ten-unit courtyard-style bungalow complex located in a federal opportunity zone just south of Koreatown. Residing on a spacious 10,857 SF lot zoned LAC2, the property features (10) 1-bdrm. units that offer approx. 100% rental upside compared to renovated units in the area. 1037 S. Vermont is offered at $217 per foot, $175,000 per unit, 7.29 market GRM, and 10.11% market CAP. The property is across the street from a Grubb Properties project spanning a city block, featuring 228 units and 50,000 SF of commercial space (ground-floor leased by Target). Please note that 1037 S. Vermont is offered in conjunction with a twelve-unit property not subject to LA City rent control, 1144 Elden Ave, three blocks east of the subject property.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 07/24/2023

Compass

Co-Listed By

Matthew Hoult

Christie's International Real Estate SoCal License #02112916

Last Buyer's Agent

Kenny Stevens

Compass License #01090251 Listed on: 07/24/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 10,857 Sq Ft Lot
  • East Facing Home
  • Gated Home

Home Design

  • Bungalow

Interior Spaces

  • 8,066 Sq Ft Home
  • 1-Story Property
  • Built-In Features

Kitchen

  • Oven or Range
  • Freezer

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5078-010-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 8066
  • Lot Acreage: 0.2492
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Total Bathrooms: 10.00
  • Equipment: Built-Ins, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 216.96

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • View: No

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 5078-010-007
  • Lot Size Area: 10857

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.58
  • Number Of Units: 10
  • Total Annual Expense: 57030
  • Type Of Units: Bungalows
  • Vacancy Rate: 0 Units

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2023 10/24/23 Sold $1,340,000 -23.4% $166 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $1,750,000 -- $217 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kenny Stevens

    Seller's Agent in 2023

    Kenny Stevens

    Compass

    (424) 284-4453

    2 in this area

    42 Total Sales

    Kenny Stevens
    Section Image
  • Matthew Hoult

    Seller Co-Listing Agent in 2023

    Matthew Hoult

    Christie's International Real Estate SoCal

    (310) 867-9822

    2 in this area

    27 Total Sales

    Matthew Hoult
    Section Image
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Map

Source: The MLS

MLS Number: 23-293737

The MLS
California Los Angeles County Los Angeles 90006 Pico-Union

1037 S Vermont Ave, Los Angeles, CA

This home is located at 1037 S Vermont Ave, Los Angeles, CA 90006 since 24 July 2023. This property was built in 1922. 1037 S Vermont Ave is a home located in Los Angeles County with nearby schools including Leo Politi Elementary, Berendo Middle, and West Adams Preparatory High School.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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