Mixed-Use Property with Income
For Sale
Contact for pricing
1180 E Vernon, Los Angeles, CA 90011
Mixed-use property featuring commercial space and residential units.
Property Size1,904 SF
Price / SF$446.43
Days on Market158
Property Features for 1180 E Vernon
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Cornerstone
Listed By:
Deysi Figueroa · License #CA 1780327
Source:
Crexi
Added: Feb 23
Changed: Jul 6
Last Checked: Jul 31 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Cornerstone
Investment Insights
Based on property information with market context.
The property at 1180 E. Vernon presents a mixed-use opportunity, featuring a street-front commercial space, a rear 2-bed/1-bath unit, and an additional 1-bed/1-bath unit attached to the commercial space with unknown permit status. This property offers three income-producing spaces and value-add potential through permitting or renovation. It is located in a high-demand corridor near shopping, entertainment, and major freeways. The adjacent parcel at 1192 E. Vernon is also for sale, offering the possibility of assembling side-by-side lots. The property size is 1904 square feet.
Key Highlights
- Three income‑producing spaces offer immediate revenue.
- Value‑add potential through permitting or renovation.
- Located in a high‑demand corridor near shopping, entertainment, and major freeways.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.4k | $36.96 |
| − Vacancy | −$1.6k | −$0.85 |
| EGI | $68.8k | $36.11 |
| − OpEx | −$20.6k | −$10.83 |
| NOI | $48.1k | $25.28 |
1,904 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$33.66M
$29.45M – $39.27M
NOI $2,356,303 @ 7.0% cap · market cap 277.21%
Second Best
Retail
$687.5K
$601.6K – $802.1K
NOI $48,127 @ 7.0% cap · market cap 5.66%
Theoretical Best
Multifamily LT 5
$38.57M
$33.75M – $45.00M
NOI $2,700,173 @ 7.0% cap · market cap 317.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring commercial space and residential units.
Where is this mixed-use property located?
The property is located at 1180 E Vernon Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Three income‑producing spaces offer immediate revenue.; Value‑add potential through permitting or renovation.; Located in a high‑demand corridor near shopping, entertainment, and major freeways.
