3 months on rocket

6553 S Vermont Ave, Los Angeles, CA, 90044

$1,189,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Baths
2,863 SqFt
$415/SqFt
House

Location

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6553 S Vermont Ave, Los Angeles$1,189,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1922
HeatingWall Furnace
MLS #24426631
Lot Size0.06 Acres
StatusActive

About 6553 S Vermont Ave

7.22% Cap Rate! We are excited to introduce this exceptional investment opportunity, featuring a versatile mixed-use property with five units that seamlessly blend residential and commercial possibilities. The property spans 2,863 square feet on a spacious 5,084 square foot C2 Lot (TOC-3) in the bustling Vermont Corridor. It includes three residential units and two commercial spaces. Currently, one commercial space and one residential unit are vacant, offering the immediate potential for increased rental income, making it an attractive option for savvy investors looking to capitalize on the active local market. In addition, there are ready-to-issue(RTI) plans to convert the garage into a one-bedroom unit. With two tenants on month-to-month leases, there is significant flexibility for future development or restructuring. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is strategically positioned for substantial value growth and has the potential to make a positive impact on its vibrant neighborhood.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1922
  • Stories: 0
  • Living Area: 2,863 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: 5

Exterior Features

Parking Information:

  • Parking: None

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 & Vermont.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,189,000
  • Price Per SqFt: $415/SqFt

Tax Information:

  • Annual Amount: $2,358
  • 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

6553 S Vermont Ave vs Los Angeles

90 DAYS ON ROCKET

+52 Days

$1,189,000

+$165.5K More

$415/SqFt

-$226 Less

KEY TAKEAWAY

This property is $165.5K more than the Median Sold Price and $226/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: #24426631

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: 11/10/2024, 4:20:52 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
$90,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,358$126,271
2020$1,667$124,977
2019$1,612$122,528
2018$1,581$120,126
2017$1,581$117,771

History based on county public records data.

Payment Calculator

$6,002

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,631

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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-833633
3
/10

  • Gerald A. Lawson Academy

  • 929 W 69th St

  • 0.15 miles

  • Public District Grades KG-6

school-card-donut-833634
6
/10

  • Gil Garcetti Learning Academy

  • 612 W 68th St

  • 0.46 miles

  • Public District Grades KG-6

school-card-donut-833635
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. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6553 S Vermont Ave

What is the listing price of this property?

The listing price of 6553 S Vermont Ave property is $1,189,000.

What type of property is this?

The property 6553 S Vermont Ave is a house located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 6553 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 $2,358 (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 $90,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 6553 S Vermont Ave has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 6553 S Vermont Ave is 2,863 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6553 S Vermont Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›6553 S Vermont Ave

This home is located at 6553 S Vermont Ave in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This 2,863 square foot home, which was built in 1922, sits on a 0.06 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $1,189,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

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

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