6211 S Vermont Ave
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6211 S Vermont Ave
15 Unit Block of Flats £4,718,323 (£314,555/Unit) 4.70% Net Initial Yield Los Angeles, CA 90044
Executive Summary
Compass is pleased to bring to market its listing of 6211 Vermont a beautiful subsidized apartment building. The property is a brand new build with the benefit of maximum allowable rent per HACLA. New owner will also benefit from lower property taxes due welfare exemption keeping the property taxes at $3,500/annually. Current service contracts are with Brilliant corners and HACLA but owner has flexibility to self manage the property and put their own tenants in if so desired. Where else in Los Angeles can you achieve above a 5% cap rate on a new build construction.
Property Facts
| Price | £4,718,323 | Apartment Style | Mid Rise |
| Price Per Unit | £314,555 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 4.70% | Building Size | 10,403 SF |
| No. Units | 15 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Price | £4,718,323 |
| Price Per Unit | £314,555 |
| Sale Type | Investment |
| Net Initial Yield | 4.70% |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 10,403 SF |
| Number of Floors | 4 |
| Year Built | 2024 |
| Parking Ratio | 0.48/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Bicycle Storage
- Public Transportation
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 6003-030-013 | Improvements Assessment | £486,473 |
| Land Assessment | £282,322 | Total Assessment | £768,795 |
PROPERTY TAXES
Parcel Number
6003-030-013
Land Assessment
£282,322
Improvements Assessment
£486,473
Total Assessment
£768,795
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6211 S Vermont Ave
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