Listed by Lane Aronson, Berkshire Hathaway HomeServices California,

2041 N Vermont Avenue

Los Angeles, CA, 90027

$10,500,000

$464 per ft²
$10,500,000
$464 per ft²
Pending
Pending
 - For Sale
beds
7 Beds
baths
31 Baths
carpenters-square
22,582 ft²
property_type
Multi-family
calendar
Built 1928
Own a piece of Los Feliz History. In 1928 architect/contractor Hugh Howe Hinds was commissioned to design and build what was to become Layden Hall. His progressive French Normandie design became a Landmark in the "posh" Los Feliz neighborhood on North Vermont. The building was subsequently purchase in 1955 by Ms. Gwendolyn Horton and became known to the locals as Horton Hall. This fabulous building has not been resold since her purchase. Very rarely do any buildings on North Vermont, just below Los Feliz Blvd, come up for sale. The property features 31 units, consisting of 24 charming studios (separate kitchens, dining areas and walk-in closets), 6 beautiful 1 bedroom, view units and a huge additional one bedroom, "owner's" unit of approximately 1,400+ sq. ft. All, we believe, to have beamed ceilings. The total building size is 22,582 square feet per assessor. Although master metered for gas and electricity, the expenses of the building appear to be very reasonable. Almost always 100% occupied, the owner has indicated that there is consistently a "waiting-list" to get into the building. Vacancies have historically been filled through "word-of-mouth". The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 25-30% of market. This may be a once-in-a-lifetime opportunity to own this Los Feliz treasure.
MLS® ID:
22191539
Listed:
8/18/22
Updated:
9/27/22

Interior Features

Total Bedrooms
7
Total Bathrooms
31
Laundry Description
Common Area
Floor Description
Carpet, Wood

Exterior/Building Features

Lot Size
8,991 ft² lot
Roof
Composition
Sewer
Sewer Tap Paid

Other Property Details

Area Name
637 - Los Feliz
Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Total Stories
4

Property History

Date
Event
Price
Value
9/26/22
Pending
-
-

 

Listed by Lane Aronson, Berkshire Hathaway HomeServices California,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/27/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 2:46 AM UTC, 9/27/22

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