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7705 S Vermont Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

7705 S Vermont Avenue, Los Angeles, California 90044 home-pic-0
ACTIVE UNDER CONTRACT$899,000
7705 S Vermont Avenue, Los Angeles, California 90044
0Bed
0Bath
2,540Sqft
4,980Lot
Year Built
1921
Close
-
List price
$899K
Original List price
$950K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
PW25074729
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $899.0K(73th), sqft - 2540(64th), beds - undefined(50th), baths - undefined(50th).

1000 W. 77th St, 7707 & 7705 S. Vermont Ave, Los Angeles, CA 90044 Development Opportunity Build 13 units of Multifamily on the Vermont Corridor with 20% Affordable Housing. Or keep the existing: Versatile Triplex | 3 Homes on 1 Lot | Corner Property with Great Potential Welcome to this unique triplex property featuring three separate homes on one lot, ideal for extended families, owner-occupants looking for rental income, or savvy investors seeking a great opportunity in South Los Angeles! Main Home – 1000 W. 77th St A spacious 4-bedroom, 2-bathroom single-family residence with a generous layout perfect for comfortable living. Enjoy the large front yard, ideal for outdoor activities, and the privacy of a corner location. Second Unit – 7707 S. Vermont Ave A charming 1-bedroom, 1-bath detached home, offering great potential as a rental unit or guest house, with its own private entrance and separation from the main house. Third Unit – 7705 S. Vermont Ave A cozy studio unit in a separate structure, perfect for a rental, home office, or additional living space. This property is well-suited for multi-generational living or maximizing rental income. Conveniently located near public transit, local shops, schools, and just minutes from Downtown LA, this triplex offers flexibility, functionality, and future upside in an emerging neighborhood. Property Highlights: 3 separate homes on 1 lot Spacious 4-bed/2-bath main home with large front yard Detached 1-bed/1-bath unit Separate studio unit Corner lot with excellent street visibility Great for family compound or investment property Close to schools, shopping, and transportation Don’t miss this incredible opportunity to own a versatile, income-generating property in the heart of South LA!

Nearby schools

3/10
Raymond Avenue Elementary School
Public,•K-5•0.4mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.5mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.7mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.7mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.8mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.1mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.2mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.5mi
3/10
Loren Miller Elementary School
Public,•K-6•1.9mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.2mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.3mi
2/10
George Washington Preparatory High School
Public,•9-12•2.3mi
9/10
Middle College High School
Public,•9-12•3.8mi

Price History

Date
Event
Price
10/31/25
Price Change
$899,000-2.1%
09/25/25
Price Change
$918,000
04/05/25
Listing
$950,000
03/29/18
Sold
$500,000
06/04/12
Sold
$295,000
02/22/05
Sold
$360,000
Condition Rating
Poor
Built in 1921, this triplex is over a century old. While the images show some cosmetic updates like paint, basic laminate flooring, and simple vanities, the overall condition of the kitchens and bathrooms is very dated with older appliances and fixtures. The property analysis explicitly notes the 'Advanced Age of Structures' and states it will 'likely requiring substantial renovation, system upgrades, or demolition.' This indicates a need for significant repairs and rehabilitation beyond minor updates, aligning with a 'Poor' condition score. The property's primary value is presented as a 'Development Opportunity' rather than the quality of the existing structures.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Significant Development Potential: The property is explicitly marketed as a development opportunity, approved for building 13 multifamily units on the Vermont Corridor, offering substantial future value and investment upside.
Versatile Income-Generating Triplex: Comprises three separate homes on one lot (4-bed/2-bath, 1-bed/1-bath, studio), providing strong potential for rental income, multi-generational living, or a family compound.
Prime Corner Lot Position: Located on a corner lot, offering excellent street visibility, a large front yard for the main unit, and strategic positioning that enhances curb appeal and future development options.
Strategic Urban Location: Conveniently situated near public transit, local shops, schools, and minutes from Downtown LA, in an 'emerging neighborhood' with stated 'future upside'.
Flexible Investment Opportunity: Appeals to a broad range of buyers, including developers, investors seeking immediate rental income, or owner-occupants looking for a property with additional income streams.

Cons

Advanced Age of Structures: Built in 1921, the existing buildings are over a century old, likely requiring substantial renovation, system upgrades, or demolition for redevelopment, incurring significant costs.
Recent Price Reductions: The property has undergone multiple price reductions (from $950,000 to $899,000), which could indicate an initial overvaluation or challenges in attracting buyers at previous price points.
Required Capital Investment: Regardless of whether the buyer pursues redevelopment or renovation of the existing units, the property demands significant capital investment to realize its full potential, which may deter some buyers.

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