6628 S VERMONT AVE Los Angeles CA 90044-3630

The Urban Company is proud to present this unique, development opportunity. Located in South Los Angeles bustling Vermont Harbor community, this property has, in the past, operated as a restaurant , furniture manufacturer and other retail uses. It’s current mixed-use configuration lends itself well to generating income while entitlements and permits are sought. This 5,000sf commercial building has 10 parking spaces and is situated on a 9,000+ sf corner lot, zoned LAC2. The tier 2 TOC bonus is useful in maximizing its development potential. The current owner has plans for an 18-room transitional housing facility. In addition to residential redevelopment, the site is well suited to other commercial/retail uses such as laundromat, convenience store, restaurant, etc.

The surrounding community and indeed all of South Los Angeles is undergoing a historic development boom. Major north/south thoroughfares, such as Vermont Ave., as well as the east/west arteries are being recreated as mass transit-oriented residential nodes with 3-5 story, mixed use apartment complexes, serving both the market-rate and the affordable/subsidized rental sectors.This site,utilizing it’s TOC-tier2 bonus, can accommodate up to 60 rental units (Buyer to independently verify). A zero parking allowance is available in the case of projects designated as 100% affordable.

Located at the crossroads of Los Angeles, the Vermont Harbor community is just a short drive from Inglewood’s SoFi Stadium, LAX, the beaches, USC/Exposition Park, Downtown LA and the South Bay communities. Bring your savvy investors and community-based developers! This unique site is an excellent addition to any development portfolio

• TOC Tier 2

• Ideal for owner/user/investor or developer

• Build up to 60 residential units *

• Currently commercial and residential income generating units on-site

• Fenced, paved and secure site

• 3-phase industrial power supply

• Abundant parking with handicap access

• Located directly off a major north/south thoroughfare with easy transportation access

• Walking distance to a major shopping center at Slauson/Vermont

• Located within easy access of public transportation

*Buyer to investigate