Property Listing No Longer Available for Sale

10513 S. VERMONT AVE, Los Angeles, CA

Others for Sale - $3,170,000


Property Info

CIMLS#1124367
Location
  10513 S. VERMONT AVE
  Los Angeles CA 90044
UpdatedOctober 13th, 2022
TypeOthers
Price$3,170,000

Property Description

Attention pastors, investors and developers, we are proud to present this magnificent religious/educational zoned property. This gorgeous three story building currently is a church with regular services, it has a very spacious hall that occasionally is rented for Quinceaneras, birthday parties, to film movies and other community events. It has 10 good sized classrooms that In the past has homed charter school programs that have served the youth of the area. Among all the numerous amenities this building has to offer there are four bathrooms, two offices and a commercial kitchen, not to mention the huge parking lot per seller. It could park 50 cars, and it has a wrought iron fence. This building can easily be converted into housing for multiple families who will be happy to live in an area that is growing very fast due to the proximity to the new Sofi Stadium, LAX, and relatively close to DTLA. Pastors and church members, it is time to do your congregation a favor by acquiring this building that has been the pride of the current owner and his past generations for more than 70 years., It is near major freeways such as the 105 and 110 hwy. A couple of minutes drive to the Sofi Stadium, Hollywood Park,. Per seller it is not the city of LA, nor city inspections, APN's 6060 018 022 (2 tied lots with building straddling both) and 6060 018 023 (parking lot south of building). Note the inventory is not for sale nor the recycle center that currently provides lots of business to support the church needs . The owner would appreciate that only serious buyers, well approved by a bank, make an appointment to inspect the building and that all those who make the last decision were present on the first tour to avoid multiple visits before making an offer. Please call the listing agent for more information regarding the owner's generosity that is willing to carry a portion of the loan as long as they have an approval of $2,500,000 from a commercial bank. The owner will share his financial statements only when he is in escrow with a serious buyer and sure to close the transaction.


Financials



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