1637 S Vermont Avenue, Los Angeles, CA 90006
- $2,499,000
- List Price
- $2,499,000
- Price Change
- ▼ $1,000 1771931412
- Status
- ACTIVE
- MLS#
- 26655419
- Lot Size
- 12,754
- Acres
- 0.29
- Days on Market
- 156
- Property Type
- Land
Property 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.
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Additional Information
- View
- City Lights
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Elijah Shin (agentelijahshin@gmail.com) from Listing Office: Dream Realty & Investments Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.