$2,000,000
$2,500,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
5,627 Sqft Lot
SOLD DATE : 02/18/2025
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24229293
Sold Date 02/18/25
HOA Y/N No
Year Built 1924
Lot Size 5,627 Sqft
Property Sub-Type Retail
Property Description
Exceptional Owner/User Opportunity at 762-770 S Vermont Ave – Prime Corner Lot in Koreatown
Take advantage of this high-visibility commercial property located on a signalized corner at 762-770 S Vermont Ave, featuring a desirable unit mix of 5 commercial spaces with month-to-month tenants. This setup provides flexibility for new owners to maximize rental potential or reimagine the space to suit their business needs.
Situated in the Wilshire/Koreatown Recovery Redevelopment Area, this corner lot benefits from excellent frontage on Vermont Ave and W 8th St, high traffic counts, and proximity to popular LA attractions. With SBA financing available and easy access to the Wilshire/Vermont subway station and nearby freeways (CA-101, CA-110, and I-10), this property is ideal for investors or business owners seeking a prime, accessible location in one of LA's most dynamic neighborhoods.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Interior
Heating Solar
Fireplace No
Laundry None
Exterior
Present Use Investment
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 5077018001
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Armin Soleimani • Global Platinum Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "