3 months on rocket

6551 S Vermont Ave, Los Angeles, CA, 90044

$699,000

Home List Price

$8,301*

Closing Credit

2 Bedrooms
2 Baths
1,350 SqFt
$518/SqFt
House

Location

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6551 S Vermont Ave, Los Angeles$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1940
HeatingWall Furnace
MLS #24426751
Lot Size0.06 Acres
StatusActive

About 6551 S Vermont Ave

We are thrilled to present an excellent investment opportunity that includes 3 mixed-use units combining residential and commercial potential. This property covers 1,424 square feet on a C2 Lot (TOC-3) in the vibrant Vermont Corridor. It consists of 2 residential units and 1 commercial space, with RTI plans in place to convert the garage into an ADU. The current vacancies offer immediate potential for increased rental income, making it attractive to savvy investors looking to capitalize on the active local market. Additionally, with two tenants on month-to-month leases, there is significant flexibility for future development or reorganization. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is well-positioned for substantial value growth and will enhance its lively neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1
  • Living Area: 1,350 SqFt

Listing Office:

  • Office Name: Global Platinum Properties, Inc.
  • Office Phone: (424) 394-1030
  • Listing Agent: Armin Soleimani

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: Located on the South-West corner of 65th Place & Vermont

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $518/SqFt

Tax Information:

  • Annual Amount: $2,435
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

6551 S Vermont Ave vs Los Angeles

100 DAYS ON ROCKET

+62 Days

$699,000

-$324.4K Less

$518/SqFt

-$123 Less

KEY TAKEAWAY

This property is $324.4K less than the Median Sold Price and $123/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24426751

Listing Office:

  • Office Name: Global Platinum Properties, Inc.
  • Office Phone: (424) 394-1030
  • Listing Agent: Armin Soleimani

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 17, 2013Home Sold
$105,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,435$184,291
2020$2,367$182,402
2019$2,310$178,827
2018$2,265$175,322
2017$2,265$171,885

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-321730
3
/10

  • Gerald A. Lawson Academy

  • 929 W 69th St

  • 0.16 miles

  • Public District Grades KG-6

school-card-donut-321731
6
/10

  • Gil Garcetti Learning Academy

  • 612 W 68th St

  • 0.46 miles

  • Public District Grades KG-6

school-card-donut-321732
4
/10

  • Budlong Avenue Elementary School

  • 5940 S Budlong Ave

  • 0.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,025. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6551 S Vermont Ave

What is the listing price of this property?

The listing price of 6551 S Vermont Ave property is $699,000.

What type of property is this?

The property 6551 S Vermont Ave is a house located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 6551 S Vermont Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,435 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 17, 2013 for $105,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 6551 S Vermont Ave has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 6551 S Vermont Ave is 1,350 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6551 S Vermont Ave is 1940.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›6551 S Vermont Ave

This home is located at 6551 S Vermont Ave in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This 1,350 square foot home, which was built in 1940, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $699,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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