5151 S Vermont Ave, Los Angeles, CA 90037
5151 S Vermont Ave, Los Angeles, CA 90037
5151 S Vermont Ave, Los Angeles, CA 90037
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$3,695,000
Est. payment /mo
18,956 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Combo - Res & Com

Listing Status Active

Purchase Type For Sale

Square Footage 18,956 sqft

Price per Sqft $194

MLS Listing ID 26833837

Year Built 1924

Lot Size 0.397 Acres

Acres 0.2728

Property Sub-Type Combo - Res & Com

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

Area Los Angeles Southwest

Zoning LAC2

Exterior

Garage Spaces 26.0

Building

Story 2

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Global Platinum Properties, Inc.

NEARBY SCHOOL & BUSINESS

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