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  • Status:Active
  • Lot Size:0.33 Acres
  • Community:Wrigley Area
  • Zip Code:90004
  • Property Type:Commercial
  • List Date:Thu, Jul 20 2017

Property Description

201-207 N. Vermont Avenue is a retail/office property situated on a hard signalized corner of Vermont Avenue and Council Street with 2 adjacent parcels of approximately 14,580 lot SF. The two-story low-rise masonry building is comprised of 14,310 SF, built in 1929 with 18 feet ceiling height on the ground floor and approximately 2,000 SF mezzanine area. The property features a loading door in the rear including an elevator, offering easy access for Tenants to move items. On-site gated parking allocated for 30 spaces. Perfect for an Owner-User Investment property or potential development site with current C2 zoning. The property spans over approximately 108 foot of street front exposure on the extensively driven Vermont corridor with a high traffic count exceeding over 45,000 vehicles per day. Future Investors may also consider reapplying for advertisement billboard to generate additional income (Buyer to verify). The subject property is located in North Koreatown adjacent to the trendy Silverlake, Echo Park, Virgil Village, and Hollywood sub-markets. Directly south of the Hollywood 101 freeway on-ramp and the Vermont/Beverly Metro train stop, 201-207 N. Vermont Ave offers an opportune Transit Oriented Development (TOD) project for an Investor or Developer. This sub-market offers a plethora of vibrant and eclectic entertainment, restaurant, and shopping options.

Property Details

Essential Information

  • MLS #TR17166747
  • Price$5,975,000
  • Acres0.33
  • TypeCommercial
  • Sub-TypeRetail
  • StatusActive

Exterior

  • Lot DescriptionCorner Lot

Listing Details

  • Listing AgentAlex Zhao
  • Listing OfficeRemax 2000 Realty

Community Information

  • Address201 207 Vermont Avenue
  • AreaWrigley Area
  • CityLos Angeles
  • CountyLos Angeles
  • StateCA
  • Zip Code90004

Additional Information

  • Zip Code90004

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