1971 S Vermont Ave

Offering Price: $6,500,000
Building Size:
1971-77 S Vermont Ave: 8,905 SQFT (Two-story corner building with retail and office spaces)
1609-13 W 20th St: 11,135 SQFT (Includes a youth center and a warehouse)
Lot Size: 0.71 Acres
Year Built: 1924, 1950
Zoning: Commercial
Lease Details: Month-to-month agreements
Property Highlights:
Prime Corner Location: High-visibility intersection near Koreatown, minutes from USC and Downtown Los Angeles.
Three-Building Portfolio:
1971-77 S Vermont Ave: Versatile two-story building with ground-level retail and open office space on the upper floor.
1613 W 20th St: A functional two-story building currently operating as a youth center, featuring modern office spaces, open areas, and an elevator.
1609 W 20th St: A single-story warehouse ideal for maintenance, woodworking, or storage purposes.
Development Potential: Significant value-add opportunities in an area poised for continued growth and investment.
Location Advantages:
Thriving Neighborhood: Nestled in a vibrant area enriched with cultural, academic, and entertainment amenities.
Connectivity: Easy access to key transit routes, linking Downtown LA, Koreatown, and Hollywood.
Proximity to Landmarks:
5 minutes from USC and Exposition Park.
15 minutes from Dodger Stadium.
30 minutes from Santa Monica.
Investment Opportunities:
Below-Market Rents: Existing leases are month-to-month, providing flexibility for rent adjustments or redevelopment.
Mixed-Use Potential: Ideal for retail, office, and storage operations, or potential redevelopment to cater to the area’s growing demand.
Cultural Hub Appeal: Surrounded by trendy cafes, restaurants, and local businesses, attracting steady foot traffic from students, professionals, and families.
This unique offering combines immediate income potential with significant upside for redevelopment or repositioning in one of Los Angeles's most dynamic neighborhoods. Don't miss out on this opportunity to secure a high-value asset with outstanding growth prospects.