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Image 1 - 6551 S Vermont Ave, Los Angeles, California, 90044 - House for sale

Image 2 - 6551 S Vermont Ave, Los Angeles, California, 90044 - House for sale

Image 3 - 6551 S Vermont Ave, Los Angeles, California, 90044 - House for sale

Image 4 - 6551 S Vermont Ave, Los Angeles, California, 90044 - House for sale

Image 5 - 6551 S Vermont Ave, Los Angeles, California, 90044 - House for sale

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Image 7 - 6551 S Vermont Ave, Los Angeles, California, 90044 - House for sale

S Vermont Ave, Los Angeles, Home For Sale

6551 S Vermont Ave, Los Angeles, California, 90044

S Vermont Ave, Los Angeles, Home For Sale

house for sale

Listed: 08/15/24

6551 S Vermont Ave, Los Angeles, California, 90044

2 Bed:

2 Bath:

1,350 Sq Ft Living Area:

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Price

$ 745,000

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About This House

We are thrilled to present an excellent investment opportunity that includes 3 mixed-use units combining residential and commercial potential. This property covers1, 424square 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.

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Van Ness Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$881,368 (0%)
Jul 2024	$881,368 (0%)
Jun 2024	$881,368 (+12.9%)
May 2024	$780,708 (-8.7%)
Apr 2024	$855,179 (+8.3%)
Mar 2024	$789,456 (0%)

In August 2024, the asking price for 3 bed houses for sale in/near Van Ness, Los Angeles, United States averaged $881,368, staying on the same level compared to the previous month.

Median price trends for properties for sale in Van Ness, Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.