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$ 3,595,000
Est. payment /mo
Price Dropped by $100K
5151 S Vermont AVE Los Angeles, CA 90037
0.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26833837
HOA Y/N No
Year Built 1924
Lot Size 0.397 Acres
Property Sub-Type Mixed Use
Property Description
Global Platinum Properties is pleased to present 51515163 S Vermont Avenue a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings: seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026.In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it.Underneath that income sits the real story. The residential schedule carries an average in-place rent of $1,251 against a $1,821 market, and the 17,280 SF C2- 1VL-CPIO site sits within a Tier 3 Transit Oriented Communities zone supporting, by right, a development program of up to 150 units.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 26
Building
Story 2
Others
Tax ID 5002030017
Security Features Gated Community
Special Listing Condition Standard
Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872
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