This mix-use property presents a rare RTI (Ready-to-Issue) development opportunity with approved plans and permits to develop a 14 unit all 1B/1B multifamily project, this property is perfect for developers seeking a value-add investment with significant upside. The lot currently includes two buildings, one of which is boarded up, and has an existing tenant (seller will deliver vacant as part of offering and asking price). The location offers excellent visibility and is surrounded by residential and commercial properties, making it ideal for mixed-use or multifamily housing. The tenant will be vacated before COE, and RTI delivered approved and ready at COE.
Listed by Steven Gray
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License #02194905
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eXp Realty of Greater Los Angeles
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Steven@SterlingGrayRealty.com
Last updated June 24, 2025
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Source: bridgeMLS #CRPW25090161
Listing Facts
TypeMulti-family
NeighborhoodVermont Square
Bedrooms2
Days on Prevu139
Size5,252 sqft
Price per sqft$190
Location
Mortgage Calculator
Listing History
06/25/2025
Price Decreased
$1,000,000
04/24/2025
Listed by eXp Realty of Greater Los Angeles
$1,200,000
Property Details for 4512 S Vermont Avenue
Exterior
Construction
Number Of Units Total: 1
Year Built: 1930
Construction Materials: Block
Exterior Features: Other
Features
Fencing: Chain Link
Measurements
Building Area Total: 5,252
Lot Features: Other
Lot Size Acres: 0.12
Lot Size Area: 0
Lot Size Square Feet: 5,252
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 5018008014
Interior
Features
Flooring: Tile, Carpet
Measurements
Living Area: 5,252
Living Area Units: Square Feet
Rooms
Bedrooms Total: 2
Parking
Parking
Parking Features: Other
Utilities
Equipment
Cooling: No Air Conditioning
Heating: Space Heater
Has Heating: Yes
Laundry Features: No Hookups
Based on information from bridgeMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.