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1331 S Vermont Ave
Los Angeles, CA 90006

$6,399,000 USD

Land For Sale  •  0.42 AC

Property Details

  • Property Type Land
  • Lot Size 0.42 AC
  • Zoning LA C2-2D-CPIO
69 Transit Score
91 Walk Score

Description

Prime multi-family or mixed-use development purchase opportunity. Current zoning allows 45 market units by right (verify with City of Los Angeles). Tier 3 TOC encourages the construction of affordable housing near bus and train stations with a 70% increase in density/ 50% increase in FAR. Also ideal for owner/user restaurant/catering business (existing grease trap clarifier). Two existing buildings with abundant parking. Block-to-block parcel between Vermont Avenue and New Hampshire Avenue. Prime location just south of Pico Boulevard and 1-mile west of Downtown Los Angeles. 1.5-miles north of USC and 2.1-miles north of the Memorial Coliseum and the $1-billion George Lucas Museum of Narrative Art (estimated 2023 completion. Southeast gateway to Mid-Wilshire and Koreatown. Also available for lease (call broker for details).

Highlights

Multi-Family Development or Owner/User Purchase Opportunity
Close to DTLA and USC
Heavy Traffic Frontage
Rapidly Changing Neighborhood

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 9 min - 4.1 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.4 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 12.8 mi
Bob Hope 22 min - 13.5 mi
Long Beach (Daugherty Field) 30 min - 22.6 mi
Anthony Behar 213-747-4151 Compass
Anthony Behar 213-747-4151 Compass