4512 S Vermont Avenue, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$800,000
4512 S Vermont Avenue, Los Angeles, California 90037
0Bed
0Bath
5,252Sqft
5,252Lot
Year Built
1930
Close
-
List price
$800K
Original List price
$1.2M
Price/Sqft
$152
HOA
-
Days on market
-
Sold On
-
MLS number
PW25090161
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $800.0K(50th), sqft - 5252(50th), beds - undefined(50th), baths - undefined(50th).
This mix-use property presents a rare RTI (Ready-to-Issue) development opportunity with approved plans and permits to develop a 14 unit all 1B/1B multifamily project, this property is perfect for developers seeking a value-add investment with significant upside. The lot currently includes two buildings, one of which is boarded up, and has an existing tenant (seller will deliver vacant as part of offering and asking price). The location offers excellent visibility and is surrounded by residential and commercial properties, making it ideal for mixed-use or multifamily housing. The tenant will be vacated before COE, and RTI delivered approved and ready at COE.
Nearby schools
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.1mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.4mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.6mi
2/10
Western Avenue Elementary School
Public,•K-5•1.1mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.1mi
2/10
Main Street Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.8mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
2/10
John Muir Middle School
Public,•6-8•1.1mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.3mi
3/10
Manual Arts Senior High School
Public,•9-12•0.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.3mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
Price History
Date
Event
Price
11/10/25
Price Change
$800,000-20.0%
10/21/25
Price Change
$1,000,000
04/24/25
Listing
$1,200,000
11/05/19
Sold
$400,000
Condition Rating
Tear down
Built in 1930, this property is explicitly marketed as an 'RTI development opportunity' with approved plans for a new 14-unit multifamily project, indicating the existing structures are intended for demolition. One building is already boarded up. The images reveal extremely dated, worn, and neglected interiors (e.g., kitchen with missing cabinet doors, old appliances, worn tile, and dated countertops) and exteriors, confirming the structures are beyond repair and the value lies solely in the land and development potential.
Pros & Cons
Pros
RTI Development Opportunity: The property comes with Ready-to-Issue (RTI) approved plans and permits for a 14-unit 1B/1B multifamily project, significantly de-risking and accelerating the development timeline.
High Value-Add Potential: Explicitly marketed as a 'value-add investment with significant upside,' this property offers substantial profit potential for experienced developers.
Strategic Location: Located in Los Angeles with excellent visibility and surrounded by both residential and commercial properties, making it highly suitable for a multifamily development.
Vacant Delivery: The seller guarantees vacant delivery at the close of escrow, eliminating potential tenant relocation issues and costs for the buyer.
Significant Price Reduction: The list price has been substantially reduced from $1.2 million to $800,000, presenting a more attractive entry point and potential for higher returns on investment.
Cons
Demolition and Site Preparation Costs: The presence of two existing buildings, one boarded up, implies considerable demolition and site clearing expenses before new construction can begin.
Fixed Unit Configuration: The approved plans are specifically for '14 unit all 1B/1B' apartments, which might limit the target tenant demographic or future market flexibility compared to a more diverse unit mix.
Age of Existing Structures: Built in 1930, the existing structures are very old, potentially leading to unforeseen challenges or increased costs during demolition and site preparation due to outdated materials or hidden issues.