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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 8,890,000

Est. payment | -/mo

32 Beds

32 Baths

22,582 SqFt

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$ 8,890,000

Est. payment | -/mo

Save Virtual Tour

32 Beds

32 Baths

22,582 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 22,582 sqft

Price per Sqft $393

MLS Listing ID 25549363

Bedrooms 32

HOA Y/N No

Year Built 1928

Lot Size 8,995 Sqft

Property Description

This exquisite 32-unit residential income property stands out with gorgeous French Normandie 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 6 beautiful (1 bedroom, view units with French windows) including a non-conforming, "owner's" unit with a fireplace and 25 charming large singles (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.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Zoning LAR3

Interior

Interior Features Walk-In Closet(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

View Y/N Yes

View City Lights, Hills

Building

Story 30

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5589022006

Special Listing Condition Standard

Virtual Tour https://www.cribflyer.com/2041-n-vermont-ave-/mls

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Paloma Fierro Equity Union #01386256

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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2041 N Vermont AVE Los Angeles, CA 90027