12229 S Vermont Ave, Los Angeles, CA 90044

12229 S Vermont Ave, Los Angeles, CA 90044

Los Angeles, CA

Property Description

Presenting a unique opportunity at 12229 S. Vermont Avenue in the rapidly appreciating neighborhood of “Athens On The Hill”. The options are endless with this large move-in ready 3,380 sq ft home with 8 Bedrooms & 6 full Baths. The home sits on a huge 13,507sf lot. 3 of the 8 bedrooms are en-suites with private baths. It includes an office room & a separate sitting room. As a bonus, there’s a detached 1,200sf permitted clubhouse bringing the total usable SF to approx. 4,580sf. This home is perfect for a variety of buyers. A multi-generational family will enjoy the expansive home, the large yard & the bonus clubhouse for fun family gatherings. With the R2 zoning, a second home can also be built on-site too. The clubhouse could very easily be converted to an ADU also. A buyer looking for a Co-Living situation will find this 8 Bedroom home very attractive to rent the extra bedrooms & live rent free. Also well suited for short-term rentals with its 3rd floor living quarters perfect for a live-in host. This home can easily produce $9,000/mth in income. The property also offers several redevelopment options. The large corner lot offers the ability to split the site into two 6,753sf lots & then build duplexes on each subdivided lot for a total of 4 new units. Or take advantage of the Small Compact Subdivision ordinance & build up to 8 detached homes. KB Homes just completed a fast-selling subdivision of new homes nearby, which sold out quickly for $650K-$750K/unit.

Property Features

  • Sale Price: $835,000
  • Area Size: 3,380 SF
  • Land Area: .31 Acres
  • Year Built: 1910
  • Closing Date: 11/27/19
  • Bedrooms: 8
  • Bathrooms: 6

Lyon Stahl Investment Real Estate

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