5161 S Vermont Avenue, Los Angeles, CA 90037
- $3,595,000
- 6
- BD
- 21
- BA
- 18,906
- SqFt
- List Price
- $3,595,000
- Price Change
- ▼ $100,000 1785219055
- Status
- ACTIVE
- MLS#
- 26855205
- Year Built
- 1922
- Bedrooms
- 6
- Bathrooms
- 21
- Living Sq. Ft
- 18,906
- Lot Size
- 17,280
- Acres
- 0.40
- Days on Market
- 27
- Property Type
- Multifamily
- Stories
- Two Levels
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.
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Additional Information
- Appliances
- Refrigerator
- Heat
- Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 21
Listing courtesy of Listing Agent: Julio Ruiz (ziuroiluj@gmail.com) from Listing Office: Global Platinum Properties, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.