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.
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
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: 11/24/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 17, 2013
Jun 17, 2013Home Sold
$90,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Gerald A. Lawson Academy
929 W 69th St
Distance between this listing and this school0.15 miles
Public District Grades KG-6
6
/10
Gil Garcetti Learning Academy
612 W 68th St
Distance between this listing and this school0.46 miles
Public District Grades KG-6
4
/10
Budlong Avenue Elementary School
5940 S Budlong Ave
Distance between this listing and this school0.53 miles
Public District Grades KG-5
Nearby Schools
2
/10
John Muir Middle School
5929 S Vermont Ave
Distance between this listing and this school0.48 miles
Public District Grades 6-8
4
/10
Bethune Middle School
155 W 69th St
Distance between this listing and this school0.97 miles
Public District Grades 7-8
4
/10
Horace Mann UCLA Community School
7001 S St Andrews Pl
Distance between this listing and this school1.14 miles
Public District Grades 6-8
Nearby Schools
2
/10
Augustus F. Hawkins High School - Critical Design and Gaming
825 W 60th St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
1
/10
Augustus F. Hawkins High School - Community Health Advocates
825 W 60th St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
2
/10
Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship
825 W 60th St
Distance between this listing and this school0.51 miles
The neighbors living near this home have an average income of $31,025. Most Los Angeles, CA residents have annual incomes less than $35k. Most 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.
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. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.