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7833 S Vermont Ave - 8.77 AC in LA? ENDLESS POSSIBILITIES
8.77 Acres of Commercial Land in Los Angeles, CA 90044
Investment Highlights
- 8.773 Highly-Visible, Highly-Accessible Acres
- Massive social and economic impact, for decades to come
- The former home of Pepperdine University
- Hundreds of permitted uses minimizes entitlement risk
- Vital location linking the Port of LA to DTLA to The South Bay
- Future home of the Vermont Transit Corridor linking Sunset Blvd. to The South Bay
Executive Summary
Zoned R4/C2, the highly-accessible and highly-visible site lends itself to all facets of commercial real estate development: Office, Retail, Multifamily, Industrial, Hospitality/Hotel and Healthcare - or a combination, therein, based on the sheer size of this offering. The site has many, many end-user uses, maximizing potential and minimizing entitlement risk.
The offering is church-owned and made up of 6 structures and can be delivered vacant at close of escrow. 5 of the 6 structures are presently used as administrative, office, classroom and warehouse/facilities management. The 6th and largest structure on site is a huge, 780+ stall parking structure. A potential saving 10’s of millions of dollars in construction and permitting costs, should it be re-incorporated into the developer’s vision.
Located near the vital 110 Freeway - connecting The Port of Los Angeles to Greater LA and directly ON the future home of the Metro Vermont Transit Corridor, as well!
This region of LA connecting DTLA to The South Bay will be on full display for the LA 2028 Olympics - with DTLA, The Coliseum, SoFi Stadium, The Forum and The South Bay Sports Park, taking center stage.
Exclusively Listed UNPRICED. Seller will meet the market.
Property Facts
1 Lot Available
Lot tbd
| Lot Size | 8.77 AC |
| Lot Size | 8.77 AC |
8.773 acres zoned C2/R4 with almost unlimited, permitted uses. Almost any iteration of commercial real estate can be developed here.
Description
The 8.77 acre parcel consists of approximately 151,000 square feet of land designated for neighborhood commercial use and 239,000 square feet of land designated for low density residential use. It is located within 1/2 mile of the Florence-Vermont Metro Rapid Bus Stop and sits along Local Bus & LADOT Dash lines, and a designated pedestrian, bicycle, and transit priority corridor, which is also less than 1 mile to the nearest 110 Freeway onramp and only slightly over 1 miles to the nearest Metro J Line stop. The site is unique due to its large size, which also presents development opportunities for a healthy, pedestrian friendly, commercial district, where people can shop, live, and work with reduced reliable on the automobile. Allowable uses for retail, professional services, and educational institutions include neighborhood stores, markets, department stores, restaurants, outdoor dining, full service grocers, entertainment venues, amusement enterprises, offices, barber shops, chiropractors, acupuncturists, hospitals, medical or dental clinics, eldercare facilities, senior independent or assisted living care housing, music conservatories, child care facilities. Parks, playgrounds, and recreational or community centers may also be established with healthy street vending or food plazas.
PROPERTY TAXES
| Parcel Number | 6019-016-007 | Improvements Assessment | $27,214,502 CAD |
| Land Assessment | $5,861,044 CAD | Total Assessment | $33,075,546 CAD |
PROPERTY TAXES
zoning
| Zoning Code | C2/R4 (Front portion is zoned general commercial while the back is zoned for multifamily use) |
| C2/R4 (Front portion is zoned general commercial while the back is zoned for multifamily use) |
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Brice W. Head, MBA -
Phillip Ruhl -
Jamie Brooks -
CBRE
Presented by
7833 S Vermont Ave - 8.77 AC in LA? ENDLESS POSSIBILITIES
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