7609 Vermont Avenue Los Angeles, CA 90044
Great development opportunity in the heart of Los Angeles. The property is located on a 7609-7615 S. Vermont. This 11,200 sq. ft. lot zoned lac-2 is directly across from the point at Vermont please see attachments. The lot matches zoning and has very similar square footage. The property across the street is mixed use zoning with recording studio with Grammy award winning composer and additional retail and community meeting space. The bonus is 50 apartments above.The property presently is fully leased out with four stores on ground floor and four apartments above. Present income is 98,000 annually.' Please see attached P&L '. Most leases are month to month.There is approximately a 100 feet of frontage on Vermont Avenue. Receive income while doing your entitlement work. .This is a solid investment property with great upside.PLEASE SEE DOCUMENTS TAB FOR P&L AND ZONING-USAGE.
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