New Listing
$371.81 Per Sq Foot $18,762 est/mo Sourced by Back At You

7510 S Vermont Avenue,Los Angeles, CA 90044

Los Angeles CA, 90044

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Description

Great opportunity to own a rare and empty former theatre that was converted to a church. Repurpose it as desired or use it as-is. With new codes, the property also affords an opportunity for redevelopment to residential/commercial purposes with residential density bonuses. Check with the city and your architect for all details related thereto. This just in: New law, signed by Gov. Gavin Newsom, rezones land owned by nonprofit colleges and religious institutions, such as churches, mosques, and synagogues, to allow for affordable housing. Starting in 2024, they can bypass most local permitting and environmental review rules that can be costly and lengthy. See SB 4. With its high ceilings and expansive clear and open area, the property could be perfect for warehousing, storage space, distribution center, etc. all in a central convenient area. There is a double doorway in the rear at grade providing easy forklift access. Extraordinary opportunity for a large scarce, unique, and desirable property along a major thoroughfare. Property is vacant for immediate occupancy by new ownership or its desired tenants. Unpaved on-site parking area at the rear off of the alley. Trust owned and vacant for years so no other information is available including any historical income and expenses. Sold in its present "as is" condition. No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary.

Details

MLS#24392151
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1939
Days On Site6
Listing Provided ByDavid Bond 213-268-2663 | David Bond

Features

SQ Feet9,400
Story(s)2
Building(s)1
ZoningLAC2
Acreage0.26

Market Activity 90044

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90044
AreaC36 - Metropolitan Southwest
Listing VS Median (in 90044)
Price:
$3,495,000
low | high
Med:
$735,000
100% of Average
SqFt:
9,400
low | high
Med:
2,008
100% of Average
$ / SqFt:
$372
low | high
Med:
$366
51.552587931536% of Average
On Site:
6
low | high
Med:
63
9.52380952381% of Average
Sourced by Back At You
Listing Updated: May 14, 2024 at 10:09:27 PM PDT