Anchored Retail Strip
1514 S Vermont Ave Los Angeles, CA 90006
1514 S Vermont Ave, Los Angeles, CA, 90006
$8,400,000
For Sale
$8,400,000
12-unit retail strip center anchored by H&R Block with on-site billboard income and dedicated parking.
Property Size11,715 SF
Lot Size0.51 Acres
Price / SF$717.03
Days on Market44
Property Features for 1514 S Vermont Ave
General Information
- Standard status
- Active
- Size
- 11,715 SF
- Lot size
- 0.51 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1988
Listing agency
Marcus & Millichap - Dallas
(972) 755-5283
Listed by
William Kim · License #License(s): CA: 01344741, TX: 755628, NV: S.0204443
(972) 755-5283
Source
Marcusmillichap
Added: Jun 9 Updated: Jul 10 at 1:54PM Checked: Jul 22 at 12:21PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Built in 1988, the property is a 12-unit retail strip center comprising an 11,715 SF building on a 0.51-acre lot. The building is divided into 11 retail bays, along with one income-generating billboard tenant. Dedicated parking is provided on-site, supported by the generous lot size.
The center is located at the premier signalized intersection of S. Vermont Avenue and Venice Boulevard, positioned on a highly visible hard corner. The property also benefits from regional accessibility due to its proximity to I-10 (Santa Monica Freeway), US-101 (Hollywood Freeway), and CA-110 (Harbor Freeway).
With H&R Block as the anchor national credit tenant, the asset is structured to support a relatively secure, stabilized retail profile while maintaining long-term flexibility for future site utilization. The combination of multiple retail bays, billboard income, and on-site parking can support a range of retail operators, and the land area is a key consideration for buyers evaluating longer-horizon redevelopment strategies.
The center is located at the premier signalized intersection of S. Vermont Avenue and Venice Boulevard, positioned on a highly visible hard corner. The property also benefits from regional accessibility due to its proximity to I-10 (Santa Monica Freeway), US-101 (Hollywood Freeway), and CA-110 (Harbor Freeway).
With H&R Block as the anchor national credit tenant, the asset is structured to support a relatively secure, stabilized retail profile while maintaining long-term flexibility for future site utilization. The combination of multiple retail bays, billboard income, and on-site parking can support a range of retail operators, and the land area is a key consideration for buyers evaluating longer-horizon redevelopment strategies.
Key Highlights
- 1988‑built 11,715 SF 12‑unit retail strip center on a 0.51‑acre lot with dedicated on‑site parking
- Anchored by national credit tenant H&R Block for stable tenancy
- Property includes one income‑generating billboard tenant in addition to 11 retail bays
Local 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 | $433.0k | $36.96 |
| − Vacancy | −$44.6k | −$3.81 |
| EGI | $388.4k | $33.15 |
| − OpEx | −$116.5k | −$9.95 |
| NOI | $271.9k | $23.21 |
11,715 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.88M
$3.40M – $4.53M
NOI $271,872 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$237.34M
$207.67M – $276.90M
NOI $16,613,721 @ 7.0% cap · market cap 197.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parnaz Farnad, PharmD
Pharmacy
H&R Block
Tax Preparation
Bloom Nail Bar
Nail Salon
Cali Clouds
(Bike/Boat/Book/etc) Store
LA Donuts
Bakery
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - 12-unit retail strip center anchored by H&R Block with on-site billboard income and dedicated parking.
Where is this strip mall located?
The property is located at 1514 S Vermont Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 1988‑built 11,715 SF 12‑unit retail strip center on a 0.51‑acre lot with dedicated on‑site parking; Anchored by national credit tenant H&R Block for stable tenancy; Property includes one income‑generating billboard tenant in addition to 11 retail bays
