ActiveCommercial · sale

5151 S Vermont Avenue

Los Angeles, CA 90037

$3,595,000

  • 0.4 acres
  • Built 1924

Listed by Global Platinum Properties, Inc. · MLS #26833837

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5151 S Vermont Avenue, Los Angeles, CA 90037 · MLS #26833837

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A FEW THINGS TO NOTICE

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Year built

Built in 1924.

Property size

0.4 acres listed.

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THE PROPERTY

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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.

THE NEIGHBORHOOD

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5151 S Vermont Avenue, Los Angeles, CA 90037

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THE DETAILS

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Property type
CommercialSale
Category
Commercial
Year built
1924
Zoning
LAC2
Parcel
5002030017
HOA fee
$0.00

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Listing information

MLS #26833837 · California Regional MLS

Listing brokerage: Global Platinum Properties, Inc.
Listing agent: Armin Soleimani

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.