5151 S Vermont Avenue, Los Angeles, CA 90037
- $3,695,000
- List Price
- $3,695,000
- Status
- ACTIVE
- MLS#
- 26833837
- Year Built
- 1924
- Lot Size
- 17,281
- Acres
- 0.40
- Days on Market
- 77
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
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.
Additional Information
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..
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