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$ 3,695,000
Est. payment | /mo
18,956 SqFt
$ 3,695,000
Est. payment | /mo
18,956 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 18,956 sqft
Price per Sqft $194
MLS Listing ID CL26833837
HOA Y/N No
Year Built 1924
Lot Size 0.397 Acres
Acres 0.3967
Property Sub-Type Comm Ind For Sale
Property Description
Global Platinum Properties is proud to present a compelling 21 Unit mixed-use value-add opportunity in the heart of Vermont Square, one of South Los Angeles' most active and supply-constrained submarkets. Located at 5161 S Vermont Avenue, this corner, double-lot property offers investors a rare combination of strong in-place income, meaningful rental upside, redevelopment optionality, and abundant on-site parking. The asset consists of two buildings totaling 18,906 square feet of improvements, situated on a 17,280-square-foot C2-zoned lot, comprising three distinct parcels. The property features seven street-front retail units on the ground level and 14 apartment units on the second floor, providing diversified income across both residential and commercial tenants. Currently operating at a 5.95% cap rate, the property offers a clear path to an estimated 32% increase in rental income, driving returns to an 8.37% projected cap rate through hands-on management, rent optimization, and strategic improvements. Approximate 32% rental upside through rent growth and operational efficiencies.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
Total Parking Spaces 26
Building
New Construction No
Others
Tax ID 5002030017
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Listed by Armin Soleimani • Global Platinum Properties, Inc.
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