For Sale
$2,495,000

7021 Vermont AveLos Angeles, CA 90044

Prime Auto Shop, High Visibility, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents two buildings totaling 9,334 square feet on a sizable 17,828 square foot lot in Los Angeles, CA. The property, located at 7021 S Vermont Ave & 1000 W 70th St, features a main 5,260 square foot auto shop building equipped with three single and two double-wide bay doors, ideal for automotive businesses. An adjacent 4,074 square foot commercial building offers additional versatility. Currently vacant, this property boasts high visibility and street exposure on a corner lot, ensuring significant traffic and customer accessibility. Built in 1947 and 1996, the buildings sit on two parcels (APN: 014-029-004 & 6014-029-003) and are zoned LAC2. The asking price is $2,495,000, translating to $267.30 per square foot. Ample parking is available, catering to both customers and employees. This property presents a unique opportunity for owner-users, investors, or developers seeking a strategic location in a densely populated area with a large potential customer base. The property's configuration and location make it well-suited for a variety of commercial automotive uses. This is a rare chance to acquire a substantial property in a thriving Los Angeles market.

Highlights

  • Two-building Los Angeles investment opportunity totaling 9,334 square feet on a 17,828 square foot lot.
  • Main building: 5,260 sq ft auto shop with five bay doors.
  • Adjacent 4,074 sq ft commercial building.
  • High-visibility corner lot at 7021 S Vermont Ave & 1000 W 70th St.
  • $2,495,000 asking price ($267.30/sq ft).
  • Ample parking.

Property Details for 7021 Vermont Ave

Property type
Retail properties, Auto shops
Square Feet
9,334 SF
Year Built
1947
Buildings
2
Stories
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.975457451372
Longitude
-118.2919560253
7021 Vermont Ave, Los Angeles, California

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7021 Vermont Ave
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