6211 Vermont Ave, Los Angeles, CA 90044
15 Unit Apartment Building | $6,299,000 ($419,933/Unit) | 4.47% Cap Rate | Los Angeles, CA 90044
For Sale
Active
Asking Price $6,299,000
- Property Type
-
Multifamily
- Square Feet
- 10,403 SF
Listing Contacts
Greg Engel
Property Overview
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 Details
- Class
- C
- Year Built
- 2024
- Stories
- 4
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 15
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].