Property Details
Executive Summary
INVESTMENT HIGHLIGHTS
• 1917-1923 South Vermont Avenue in an owner-user, investment, or development opportunity in Pico Union one block southeast of W Washington Blvd adjacent to Downtown Los Angeles and situated just off the I-10 and I-110, a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation.
• The site currently consists of two auto repair tenants and a small restaurant who are on month-to-month gross leases; current income is $119,432 annually.
• This investment opportunity is ideal for an owner-user to take over the automotive shop or restaurant while collecting income from leasing the other spaces or to takeover the entire property to operate a business.
• The subject property built in 1935 is currently zoned C2-2D-CPIO in a Tier 3 TOC on a 10,455 SF lot in a highly trafficked location.
• The Pico Union market remains one of the most desirable submarkets for living and working. With over 75,000 people living within one-mile this highly populated submarket is ideal for an owner-user to operate a business.
• The subject property has a walk score of 89, offers direct access to the I-10 and I-110 Freeways, and sees a traffic count of over 52,000 cars per day.
