Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
$3,695,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
16
Last Updated
Beds
8
Square Ft.
18,906
Lot Size
0.44 Acres
Year Built
1924
MLS Number
26835873
Additional Details
Building
Built in 1924, Living area: 18906.0, 2 buildings, 2 stories, Levels: Two
Income
Gross Income: $333,637, Net Operating Income: $219,952
Lot
0.4352 acres
Parking
25 total parking spaces, Gated
Property
CityLights
Taxes
Parcel Number: 5002030017, Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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