2041 N Vermont Ave

Los Angeles, CA, 90027

$10,500,000

$464 per ft²
$10,500,000
$464 per ft²
Active Under Contract
Active Under Contract
 - 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:
22-191539
Listed:
8/18/22
Updated:
9/29/22

Interior Features

Total Bedrooms
7
Total Bathrooms
31
Laundry Description
Community
Floor Description
Carpet, Wood
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
8,991 ft² lot
Exterior Features
None
Architectural Style
Normandy
Roof
Composition
Sewer
In Connected and Paid

Other Property Details

Garage
No
Parking
Other
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Total Stories
4

Property History

Date
Event
Price
Value
9/28/22
Active Under Contract
-
-
9/26/22
Pending
-
-

 

Courtesy of Lane Aronson, Berkshire Hathaway HomeServices California

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/29/22

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