315 N Vermont Ave - Commercial LAND FOR SALE
Los Angeles, CA 90004 | 12,419 SF
$3,950,000 USD
213-532-3268
315 N Vermont Ave
Los Angeles, CA 90004
HIGHLIGHTS
- Can be entitled for ±60 units (per the Seller)
- Transit-oriented location directly adjacent to the LA Metro Vermont/Beverly Station
- Easy access to multiple freeways including the 101, whose entrance is a block away
- Centralized location allows for quick and easy access to other highly desirable neighborhoods such as Echo Park, Silver Lake and Hollywood
- Koreatown is an established market for new, market-rate, multifamily development with high rent justification
- Frontage along Vermont Ave and positioning next to the Metro station on Beverly Blvd allows for nearly 180 degrees of visibility
OVERVIEW
315 N. Vermont Ave is currently a transit-oriented development site for ±60 units located in the Koreatown neighborhood of Los Angeles. The entitlements are comprised of 53 market-rate units with 7 set aside for Extremely Low Income (ELI) tenants. The units are split between studio, one, and two-bedroom units, averaging 710 SF, and will include a parking space. Included in the project is ±42,650 square feet of interior residential square footage, and ±2,500 square feet of ground-floor commercial square footage.
FOR SALE DETAILS
PRICE
$3,950,000 USD
PRICE/ACRE
$13,854,739/AC
PRICE/SF
$318 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Apartment Units
LAND ACRES
0.29 AC
LAND SF
12,419 SF
OFFSITE IMPROVEMENTS
-
ZONING
C2-1
APN/PARCEL ID
5520-019-004
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213-532-3268
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213-532-3268
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