Active

2041 N Vermont Ave

Los Angeles CA, 90027

$9,500,000


$420.69 per sqft

Active

7 Beds

22,582 sqft

Residential

Built in 1928

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.

22-191539

MLS ID

August 19, 2022

Listed

March 18, 2024

Updated

Map

2041 N Vermont Ave
Los Angeles CA, 90027

Interior Features

Total Stories

4


Bedrooms

7 Beds


Appliances

Other


Laundry Description

Community


Floor Description

Carpet, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.21 Acres


Architectual Style

Normandy


Roof

Composition


Sewer

In Connected and Paid

Other Property Details

Area Name

Los Feliz


Days on Market

502


Garage

No


Parking

Other


Parking Total

0


View

Yes


View Description

Mountains, Other


County

Los Angeles


Water Source

Public


Pool

No

Listing History

Date

Event

Price

2/26/2024

Price Change

$9,500,000

-5%

1/8/2024

Price Change

$9,975,000

-3%

11/28/2023

Price Change

$10,250,000

-3%

Listed by Lane Aronson with Berkshire Hathaway HomeServices California Propert
Listing Contact: 323-854-7918 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Laura Kate Jones shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/18/2024

Powered byLuxury Presence