5161 S Vermont Ave, Los Angeles, CA 90037
- $3,595,000
- 6
- BD
- 21
- BA
- 18,906
- SqFt
- List Price
- $3,595,000
- Price Change
- ▼ $100,000 1785218441
- MLS#
- 26855205
- Year Built
- 1922
- Bedrooms
- 6
- Bathrooms
- 21
- Living Sq. Ft
- 18,906
- Lot Size
- 17,280
- Days on Market
- 27
- Property Type
- Multifamily
- Stories
- 2
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.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Ceiling Fan
- Number of Cars in Garage
- Gated
Mortgage Calculator
Courtesy of Global Platinum Properties, Inc., Julio Ruiz - CA DRE#01911261
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