5161 S Vermont Ave, Los Angeles, CA 90037
5161 S Vermont Ave, Los Angeles, CA 90037
5161 S Vermont Ave, Los Angeles, CA 90037
52
See all 52 photos
$3,595,000
Est. payment /mo
Save
6 Beds
21 Baths
18,906 SqFt
Price Dropped by $100K

5161 S Vermont Ave Los Angeles, CA 90037

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,906 sqft

Price per Sqft $190

MLS Listing ID 26855205

Bedrooms 6

Year Built 1922

Lot Size 0.397 Acres

Acres 0.124

Property Sub-Type Multi-Family

Property Description

Price reduced $100,000 now $3,595,000! Hard-corner mixed-use opportunity at Vermont Ave & 51st Pl: 7 street-front retail spaces + 14 apartments totaling 18,956 SF on a 17,280 SF C2 triple lot. 97% occupied with diversified income and 26 gated parking spaces. Now a 6.15% current cap / 10.45 GRM with ~28% rental upside to an 8.63% pro forma cap as rents reach market. TOC Tier 3 + AB 2011/SB 35 eligibility unlock major redevelopment density, steps from Exposition Park and the 2028 Olympic venues. Turnkey cash flow today, landmark development site tomorrow.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Gated

Garage Spaces 26.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Global Platinum Properties, Inc.

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

David Jones
David Jones

Agent | RE. S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

Name
Phone*
Message

Go tour this home

5161 S Vermont Ave