5161 S Vermont AVE, Los Angeles, CA 90037
5161 S Vermont AVE, Los Angeles, CA 90037
5161 S Vermont AVE, Los Angeles, CA 90037
5161 S Vermont AVE, Los Angeles, CA 90037
5161 S Vermont AVE, Los Angeles, CA 90037
5161 S Vermont AVE, Los Angeles, CA 90037
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 3,595,000
Est. payment | /mo

6 Beds

21 Baths

18,906 SqFt

Save
$ 3,595,000
Est. payment | /mo
Save

6 Beds

21 Baths

18,906 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 18,906 sqft

Price per Sqft $190

MLS Listing ID 26855205

Bedrooms 6

HOA Y/N No

Year Built 1922

Lot Size 0.397 Acres

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 C34 - Los Angeles Southwest

Zoning LAC2

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Gated

Total Parking Spaces 26

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5002030018

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Julio Ruiz Global Platinum Properties, Inc. #01911261

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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5161 S Vermont AVE